CONSOL Energy Given Outperform Rating at Raymond James (CNX)
CONSOL Energy (NYSE:CNX)‘s stock had its “outperform” rating reiterated by Raymond James in a research note issued on Wednesday. They currently have a $48.00 target price on the stock, down from their previous target price of $53.00. Raymond James’ price target points to a potential upside of 20.39% from the stock’s previous close.
Shares of CONSOL Energy (NYSE:CNX) traded down 1.12% on Wednesday, hitting $39.87. The stock had a trading volume of 3,486,235 shares. CONSOL Energy has a 52-week low of $30.18 and a 52-week high of $48.30. The stock’s 50-day moving average is $44.13 and its 200-day moving average is $41.75. The company has a market cap of $9.166 billion and a P/E ratio of 11.87.
CONSOL Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.36. The company had revenue of $937.37 million for the quarter, compared to the consensus estimate of $923.28 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that CONSOL Energy will post $1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.63%.
A number of other analysts have also recently weighed in on CNX. Analysts at Brean Capital reiterated a “buy” rating on shares of CONSOL Energy in a research note on Wednesday. They now have a $53.00 price target on the stock, down previously from $54.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of CONSOL Energy in a research note on Monday, July 14th. They now have a $45.00 price target on the stock, up previously from $44.00. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $48.87.
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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