CONSOL Coal Resources LP (CCR)’s H&S Pattern Points to Higher Stock Risks

June 17, 2018 - By Henry Gaston

The stock of CONSOL Coal Resources LP (CCR) formed H&S with $15.36 target or 4.00 % below today’s $16.00 share price. The 7 months Head & Shoulders indicates high risk for the $440.33M company. It was reported on Jun, 17 by If the $15.36 price target is reached, the company will be worth $17.61M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 1.54% or $0.25 during the last trading session, reaching $16. About 14,196 shares traded. CONSOL Coal Resources LP (NYSE:CCR) has declined 3.99% since June 17, 2017 and is downtrending. It has underperformed by 16.56% the S&P500.

Analysts await CONSOL Coal Resources LP (NYSE:CCR) to report earnings on July, 30. They expect $0.48 EPS, up 20.00 % or $0.08 from last year’s $0.4 per share. CCR’s profit will be $13.21M for 8.33 P/E if the $0.48 EPS becomes a reality. After $0.78 actual EPS reported by CONSOL Coal Resources LP for the previous quarter, Wall Street now forecasts -38.46 % negative EPS growth.

More news for CONSOL Coal Resources LP (NYSE:CCR) were recently published by:, which released: “Why Coal Is Back From the Dead: 4 Stocks to Buy Now” on June 07, 2018.‘s article titled: “Consolidated Research: 2018 Summary Expectations for ManTech International, Rapid7, Global Blood Therapeutics …” and published on June 04, 2018 is yet another important article.

CONSOL Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. The company has market cap of $440.33 million. It owns a 25% undivided interest in the Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal located primarily in southwestern Pennsylvania. It has a 11.49 P/E ratio. The firm markets its thermal coal principally to electric utilities in the eastern United States.

CONSOL Coal Resources LP (NYSE:CCR) Ratings Chart

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