BMO Capital Markets Increases Consol Energy Price Target to $42.00 (CNX)
Stock analysts at BMO Capital Markets increased their price objective on shares of Consol Energy (NYSE:CNX) from $39.00 to $42.00 in a report issued on Tuesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 14.63% from the company’s current price.
Shares of Consol Energy (NYSE:CNX) traded up 0.38% during mid-day trading on Tuesday, hitting $36.64. The stock had a trading volume of 4,122,239 shares. Consol Energy has a 52 week low of $26.25 and a 52 week high of $39.23. The stock has a 50-day moving average of $36.06 and a 200-day moving average of $32.94. The company has a market cap of $8.385 billion and a price-to-earnings ratio of 66.97.
Consol Energy (NYSE:CNX) last announced its earnings results on Tuesday, October 29th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.31. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Consol Energy will post $0.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, December 4th. Investors of record on Friday, November 15th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.36%.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Consol Energy in a research note to investors on Tuesday, October 29th. They now have a $43.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Consol Energy from $38.00 to $45.00 in a research note to investors on Tuesday, October 29th. They now have an “overweight” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Consol Energy from $42.00 to $44.00 in a research note to investors on Monday, October 28th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.50.
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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