Price Action Don’t Lie: Could CNX Coal Resources LP Lose Strenght? The Stock Increases A Lot Today

Price Action Don't Lie: Could CNX Coal Resources LP Lose Strenght? The Stock Increases A Lot Today

The stock of CNX Coal Resources LP (NYSE:CNXC) is a huge mover today! The stock increased 6.91% or $1.05 on October 3, hitting $16.25. About 87,445 shares traded hands or 61.56% up from the average. CNX Coal Resources LP (NYSE:CNXC) has risen 124.64% since February 29, 2016 and is uptrending. It has outperformed by 112.42% the S&P500.
The move comes after 6 months positive chart setup for the $386.08M company. It was reported on Oct, 4 by Barchart.com. We have $27.30 PT which if reached, will make NYSE:CNXC worth $262.53M more.

Analysts await CNX Coal Resources LP (NYSE:CNXC) to report earnings on October, 24. They expect $0.30 EPS, down 51.61% or $0.32 from last year’s $0.62 per share. CNXC’s profit will be $7.13M for 13.54 P/E if the $0.30 EPS becomes a reality. After $0.11 actual EPS reported by CNX Coal Resources LP for the previous quarter, Wall Street now forecasts 172.73% EPS growth.

CNX Coal Resources LP (NYSE:CNXC) Ratings Coverage

Out of 10 analysts covering CNX Coal Resources LP (NYSE:CNXC), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. CNX Coal Resources LP has been the topic of 20 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Bank of America on Tuesday, November 24. On Monday, July 27 the stock rating was initiated by JP Morgan with “Overweight”. The company was initiated on Monday, July 27 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, October 27 report. The stock of CNX Coal Resources LP (NYSE:CNXC) earned “Outperform” rating by FBR Capital on Friday, September 18. The firm earned “Buy” rating on Monday, July 27 by Bank of America. The stock of CNX Coal Resources LP (NYSE:CNXC) earned “Outperform” rating by Credit Suisse on Monday, July 27. The rating was initiated by Cowen & Co on Monday, July 27 with “Outperform”. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, January 20. The rating was maintained by Jefferies with “Hold” on Tuesday, August 23.

According to Zacks Investment Research, “CNX Coal Resources LP is engaged in production of thermal coal. It manages and develops CONSOL Energy’s active thermal coal operations primarily in Pennsylvania. The company sells its coal to electric utilities. CNX Coal Resources LP is based in CANONSBURG, United States.”

More notable recent CNX Coal Resources LP (NYSE:CNXC) news were published by: Prnewswire.com which released: “CNX Coal Resources Acquires Additional Interest in Pennsylvania Mining Complex” on October 03, 2016, also Prnewswire.com with their article: “CNX Coal Resources LP Announces Results for the First Quarter 2016” published on April 25, 2016, Prnewswire.com published: “CNX Coal Resources LP Announces Results for the Second Quarter 2016” on July 25, 2016. More interesting news about CNX Coal Resources LP (NYSE:CNXC) were released by: Prnewswire.com and their article: “CNX Coal Resources LP Announces Results for the Third Quarter 2015” published on October 26, 2015 as well as Seekingalpha.com‘s news article titled: “CNX Coal Resources LP: A Coal MLP With A Safe Distribution Currently Yielding 31%” with publication date: January 19, 2016.

CNXC Company Profile

CNX Coal Resources LP, incorporated on March 16, 2015, is a producer of thermal coal in the Northern Appalachian Basin and the eastern United States. The Firm is engaged in the management and development of the thermal coal activities of CONSOL Energy Inc. (CONSOL Energy) in Pennsylvania. The Company’s assets include interests in CONSOL Energy’s Pennsylvania mining complex, which consists of approximately three underground mines and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. The Pennsylvania mining complex includes the Bailey Mine, the Enlow Fork Mine and the Harvey Mine.

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