CONSOL Energy PT Lowered to $50.00 (CNX)
Equities research analysts at Cowen and Company dropped their target price on shares of CONSOL Energy (NYSE:CNX) from $55.00 to $50.00 in a research note issued to investors on Friday. Cowen and Company’s price target would indicate a potential upside of 24.50% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of CONSOL Energy in a research note on Thursday, July 31st. They now have a $42.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of CONSOL Energy in a research note on Wednesday, July 30th. They now have a $48.00 price target on the stock, down previously from $53.00. Finally, analysts at Brean Capital reiterated a “buy” rating on shares of CONSOL Energy in a research note on Wednesday, July 30th. They now have a $53.00 price target on the stock, down previously from $54.00. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. CONSOL Energy presently has an average rating of “Buy” and an average price target of $48.50.
Shares of CONSOL Energy (NYSE:CNX) opened at 40.16 on Friday. CONSOL Energy has a 52-week low of $30.18 and a 52-week high of $48.30. The stock has a 50-day moving average of $42.75 and a 200-day moving average of $41.78. The company has a market cap of $9.243 billion and a price-to-earnings ratio of 12.07.
CONSOL Energy (NYSE:CNX) last released its 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 $1.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders 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 0.62%. The ex-dividend date is Wednesday, August 13th.
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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