Consol Energy Coverage Initiated by Analysts at Goldman Sachs Group Inc. (CNX)
Stock analysts at Goldman Sachs Group Inc. assumed coverage on shares of Consol Energy (NYSE:CNX) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $41.00 price target on the stock. Goldman Sachs Group Inc.’s price objective points to a potential upside of 8.35% from the stock’s previous close.
A number of other firms have also recently commented on CNX. Analysts at Deutsche Bank initiated coverage on shares of Consol Energy in a research note to investors on Thursday, December 12th. They set a “buy” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “top pick” rating on shares of Consol Energy in a research note to investors on Tuesday, November 26th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Consol Energy in a research note to investors on Wednesday, November 20th. They now have a $36.00 price target on the stock. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $43.58.
Shares of Consol Energy (NYSE:CNX) traded down 0.66% on Monday, hitting $37.59. 2,271,740 shares of the company’s stock traded hands. Consol Energy has a 1-year low of $26.25 and a 1-year high of $39.23. The stock’s 50-day moving average is $36. and its 200-day moving average is $33.46. The company has a market cap of $8.606 billion and a P/E ratio of 119.75.
Consol Energy (NYSE:CNX) last posted its quarterly 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 last year, the company posted ($0.05) earnings per share. Consol Energy’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Consol Energy will post $0.01 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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