CONSOL Energy Given Average Recommendation of “Buy” by Analysts (NYSE:CNX)
Shares of CONSOL Energy (NYSE:CNX) have received an average rating of “Buy” from the seventeen analysts that are presently covering the company, AnalystRatings.Net reports. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $48.44.
CONSOL Energy (NYSE:CNX) traded up 0.85% on Wednesday, hitting $40.36. The stock had a trading volume of 84,084 shares. CONSOL Energy has a 1-year low of $31.61 and a 1-year high of $48.30. The stock has a 50-day moving average of $40.15 and a 200-day moving average of $42.13. The company has a market cap of $9.289 billion and a price-to-earnings ratio of 12.08.
CONSOL Energy (NYSE:CNX) last announced its earnings results 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. On average, analysts predict that CONSOL Energy will post $1.12 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CNX shares. Analysts at Stifel Nicolaus cut their price target on shares of CONSOL Energy from $51.00 to $50.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
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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