Goldman Sachs Group Inc. Reiterates “Buy” Rating for Consol Energy (CNX)
Consol Energy (NYSE:CNX)‘s stock had its “buy” rating restated by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Monday, Analyst RN reports. They currently have a $43.00 target price on the stock. Goldman Sachs Group Inc.’s target price would suggest a potential upside of 12.65% from the stock’s previous close.
A number of other firms have also recently commented on CNX. Analysts at Raymond James raised their price target on shares of Consol Energy from $40.00 to $50.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Separately, analysts at Macquarie initiated coverage on shares of Consol Energy in a research note to investors on Friday, September 6th. They set an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Consol Energy from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th. They now have a $32.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $43.21.
Consol Energy (NYSE:CNX) traded down 0.81% during mid-day trading on Monday, hitting $37.86. The stock had a trading volume of 1,304,044 shares. Consol Energy has a 52-week low of $26.25 and a 52-week high of $39.23. The stock’s 50-day moving average is $34. and its 200-day moving average is $32.45. The company has a market cap of $8.664 billion and a price-to-earnings ratio of 70.04. Consol Energy also was the recipient of unusually large options trading activity on Friday. Traders acquired 19,433 call options on the company. This is an increase of 633% compared to the typical daily volume of 2,650 call options.
Consol Energy (NYSE:CNX) last released its earnings data on Thursday, July 25th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.20. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was down 16.3% on a year-over-year basis. On average, analysts predict that Consol Energy will post $0.38 earnings per share for the current fiscal year.
CONSOL Energy Inc (NYSE:CNX) is a producer of coal and natural gas for global energy and raw material markets, which include the electric power generation industry and the steelmaking industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.