CONSOL Energy’s Buy Rating Reaffirmed at Brean Capital (CNX)
CONSOL Energy (NYSE:CNX)‘s stock had its “buy” rating restated by stock analysts at Brean Capital in a report issued on Wednesday. They currently have a $53.00 price objective on the stock, down from their previous price objective of $54.00. Brean Capital’s price objective indicates a potential upside of 32.93% from the company’s current price.
CONSOL Energy (NYSE:CNX) traded down 1.12% on Wednesday, hitting $39.87. 3,486,235 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’s 50-day moving average is $43.94 and its 200-day moving average is $41.74. The company has a market cap of $9.166 billion and a P/E ratio of 11.87.
CONSOL Energy (NYSE:CNX) last released its earnings data on Tuesday, July 29th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.63%.
A number of other analysts have also recently weighed in on CNX. 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. Separately, 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. Finally, analysts at Howard Weil raised their price target on shares of CONSOL Energy from $47.00 to $55.00 in a research note on Monday, June 23rd. They now have a “sector outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average 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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