CONSOL Energy Receives Average Recommendation of “Buy” from Brokerages (NYSE:CNX)
CONSOL Energy (NYSE:CNX) has received a consensus recommendation of “Buy” from the eighteen ratings firms that are currently covering the stock, Analyst Ratings News reports. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $47.71.
Shares of CONSOL Energy (NYSE:CNX) opened at 44.82 on Friday. CONSOL Energy has a 52 week low of $26.25 and a 52 week high of $48.30. The stock’s 50-day moving average is $44.59 and its 200-day moving average is $40.15. The company has a market cap of $10.304 billion and a price-to-earnings ratio of 13.19.
CONSOL Energy (NYSE:CNX) last released its 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 $1.28 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CNX shares. Analysts at Zacks reiterated a “neutral” rating on shares of CONSOL Energy in a research note on Wednesday. They now have a $49.00 price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of CONSOL Energy from a “neutral” rating to a “buy” rating in a research note on Friday, June 6th. They now have a $55.00 price target on the stock, up previously from $49.00. Finally, 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.
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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