CONSOL Energy Stock Rating Upgraded by Goldman Sachs (CNX)
CONSOL Energy (NYSE:CNX) was upgraded by research analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a report released on Friday, TheFlyOnTheWall.com reports. The firm currently has a $55.00 target price on the stock, up from their previous target price of $49.00. Goldman Sachs’ price objective would suggest a potential upside of 16.01% from the stock’s previous close.
A number of other firms have also recently commented on CNX. Analysts at Stifel Nicolaus raised their price target on shares of CONSOL Energy from $46.00 to $51.00 in a research note on Monday, May 5th. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of CONSOL Energy in a research note on Thursday, May 1st. They now have a $48.00 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of CONSOL Energy in a research note on Wednesday, April 30th. They now have a $50.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $47.53.
CONSOL Energy (NYSE:CNX) opened at 47.41 on Friday. CONSOL Energy has a one year low of $26.25 and a one year high of $47.55. The stock’s 50-day moving average is $43.99 and its 200-day moving average is $39.7. The company has a market cap of $10.900 billion and a P/E ratio of 13.47. CONSOL Energy also was the target of unusually large options trading activity on Thursday. Traders bought 15,010 call options on the stock. This represents an increase of 586% compared to the typical daily volume of 2,189 call options.
CONSOL Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.31. The company had revenue of $969.15 million for the quarter, compared to the consensus estimate of $887.17 million. During the same quarter last year, the company posted $0.19 earnings per share. CONSOL Energy’s revenue was up 15.0% compared to the same quarter last year. On average, analysts predict that CONSOL Energy will post $1.32 earnings per share 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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