Consol Energy PT Raised to $43.00 at Brean Capital (CNX)
Investment analysts at Brean Capital hoisted their target price on shares of Consol Energy (NYSE:CNX) from $41.00 to $43.00 in a note issued to investors on Tuesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Brean Capital’s price target points to a potential upside of 17.36% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Consol Energy from $39.00 to $42.00 in a research note to investors on Tuesday, October 29th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.50.
Shares of Consol Energy (NYSE:CNX) traded up 0.38% during mid-day trading on Tuesday, hitting $36.64. 4,122,239 shares of the company’s stock traded hands. Consol Energy 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 $36.06 and a 200-day moving average of $32.94. The company has a market cap of $8.385 billion and a P/E ratio of 66.97.
Consol Energy (NYSE:CNX) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue 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 declared a quarterly dividend, which is scheduled for Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.36%.
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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