CONSOL Energy Inc. Plans Quarterly Dividend of $0.06 (CNX)
CONSOL Energy (NYSE:CNX) announced a quarterly dividend on Wednesday, July 30th, AnalystRatings.Net reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.0625 per share on Tuesday, September 2nd. This represents a $0.25 annualized dividend and a dividend yield of 0.62%.
A number of analysts have recently weighed in on CNX shares. Analysts at Brean Capital cut their price target on shares of CONSOL Energy from $57.00 to $54.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. On the ratings front, 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of CONSOL Energy in a research note on Monday, July 7th. They now have a $55.00 price target on the stock, up previously from $53.00. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $49.27.
CONSOL Energy (NYSE:CNX) traded down 0.87% on Wednesday, hitting $39.97. 567,553 shares of the company’s stock traded hands. CONSOL Energy has a 1-year low of $30.18 and a 1-year high of $48.30. The stock has a 50-day moving average of $44.13 and a 200-day moving average of $41.75. The company has a market cap of $9.189 billion and a price-to-earnings ratio of 11.87.
CONSOL Energy (NYSE:CNX) last announced its earnings results on Tuesday, July 29th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.03) earnings per share. CONSOL Energy’s revenue was up 13.2% compared to the same quarter last year. On average, analysts predict that CONSOL Energy will post $1.25 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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