CONSOL Energy Hits New 52-Week High on Analyst Upgrade (CNX)
Shares of CONSOL Energy (NYSE:CNX) reached a new 52-week high on Monday after Goldman Sachs raised their price target on the stock from $43.00 to $47.00, Analyst Ratings.Net reports. Goldman Sachs currently has a neutral rating on the stock. CONSOL Energy traded as high as $42.14 and last traded at $41.69, with a volume of 565,590 shares traded. The stock had previously closed at $41.81.
A number of other firms have also recently commented on CNX. Analysts at Macquarie upgraded shares of CONSOL Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 9th. They now have a $47.00 price target on the stock, up previously from $38.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of CONSOL Energy from $45.00 to $46.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CONSOL Energy in a research note on Thursday, March 27th. They now have a $43.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.34.
The stock’s 50-day moving average is $40.19 and its 200-day moving average is $37.92. The company has a market cap of $9.564 billion and a price-to-earnings ratio of 14.57.
CONSOL Energy (NYSE:CNX) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.56. The company had revenue of $825.23 million for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. Analysts expect that CONSOL Energy will post $0.98 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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