Consol Energy Inc. (CNX) Releases Q3 Earnings Guidance
Consol Energy Inc. (NYSE:CNX) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of likely a loss for the period, compared to the Thomson Reuters consensus estimate of $0.07, Analyst Ratings Network reports.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a buy rating on shares of Consol Energy in a research note to investors on Monday. They now have a $45.00 price target on the stock, up previously from $38.00. On a related note, analysts at Goldman Sachs Group Inc. reiterated a buy rating on shares of Consol Energy in a research note to investors on Monday. They now have a $43.00 price target on the stock. Finally, 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. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $43.21.
Shares of Consol Energy Inc. (NYSE:CNX) opened at 38.42 on Tuesday. Consol Energy Inc. has a one year low of $26.25 and a one year high of $39.23. The stock has a 50-day moving average of $34.29 and a 200-day moving average of $32.46. The company has a market cap of $8.792 billion and a price-to-earnings ratio of 70.50.
Consol Energy (NYSE:CNX) last issued its quarterly 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. Analysts expect that Consol Energy Inc. will post $0.38 EPS 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.
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