Raymond James Reiterates Outperform Rating for CONSOL Energy (CNX)
CONSOL Energy (NYSE:CNX)‘s stock had its “outperform” rating reaffirmed by investment analysts at Raymond James in a note issued to investors on Friday. They currently have a $53.00 price target on the stock, up from their previous price target of $50.00. Raymond James’ target price would indicate a potential upside of 18.25% from the company’s current price.
CONSOL Energy (NYSE:CNX) traded up 3.28% during mid-day trading on Friday, hitting $46.29. The stock had a trading volume of 1,855,305 shares. CONSOL Energy has a 1-year low of $26.25 and a 1-year 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 $10.642 billion and a P/E ratio of 13.19.
CONSOL Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts expect that CONSOL Energy will post $1.28 EPS for the current fiscal year.
A number of other firms have also recently commented on CNX. 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. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.88.
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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