Stifel Nicolaus Lowers CONSOL Energy Price Target to $50.00 (CNX)
Equities research analysts at Stifel Nicolaus dropped their price target on shares of CONSOL Energy (NYSE:CNX) from $51.00 to $50.00 in a research note issued to investors on Thursday. Stifel Nicolaus’ price objective would indicate a potential upside of 26.61% from the stock’s previous close.
Shares of CONSOL Energy (NYSE:CNX) opened at 39.95 on Thursday. CONSOL Energy has a one year low of $30.18 and a one year high of $48.30. The stock’s 50-day moving average is $42.05 and its 200-day moving average is $41.84. The company has a market cap of $9.195 billion and a P/E ratio of 11.90.
CONSOL Energy (NYSE:CNX) last posted its quarterly earnings results 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 $1.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors 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%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of other firms have also recently commented on CNX. Analysts at Cowen and Company cut their price target on shares of CONSOL Energy from $55.00 to $50.00 in a research note on Friday, August 8th. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $48.44.
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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