Consol Energy Inc. (CNX) Shares Up 3.9%
Shares of Consol Energy Inc. (NYSE:CNX) shot up 3.9% on Wednesday . The stock traded as high as $17.90 and last traded at $17.67, with a volume of 2,399,012 shares changing hands. The stock had previously closed at $17.00.
Several brokerages recently weighed in on CNX. Barclays PLC lifted their price objective on shares of Consol Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 13th. Bank of America Corp. upgraded shares of Consol Energy from an “underperform” rating to a “neutral” rating in a research report on Monday, August 15th. KLR Group downgraded shares of Consol Energy from a “buy” rating to an “accumulate” rating and lifted their price objective for the company from $17.00 to $20.00 in a research report on Monday, July 18th. Jefferies Group reiterated a “buy” rating on shares of Consol Energy in a research report on Thursday, August 11th. Finally, Vetr upgraded shares of Consol Energy from a “buy” rating to a “strong-buy” rating and set a $20.30 price objective on the stock in a research report on Wednesday, August 10th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.80.
The company’s market capitalization is $4.10 billion. The company has a 50 day moving average of $17.91 and a 200-day moving average of $15.15.
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Consol Energy (NYSE:CNX) last released its earnings results on Tuesday, July 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.02. Consol Energy had a negative net margin of 17.27% and a negative return on equity of 3.31%. The business had revenue of $285.80 million for the quarter, compared to analyst estimates of $566.84 million. During the same quarter in the previous year, the company posted ($0.37) earnings per share. The business’s revenue for the quarter was down 47.6% on a year-over-year basis. On average, equities analysts anticipate that Consol Energy Inc. will post ($0.45) EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC acquired a new position in Consol Energy during the second quarter worth about $1,683,000. Public Employees Retirement System of Ohio increased its position in Consol Energy by 2.3% in the second quarter. Public Employees Retirement System of Ohio now owns 90,851 shares of the company’s stock worth $1,462,000 after buying an additional 2,073 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Consol Energy by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 693,512 shares of the company’s stock worth $11,159,000 after buying an additional 43,756 shares during the last quarter. Amalgamated Bank increased its position in Consol Energy by 4.5% in the second quarter. Amalgamated Bank now owns 26,862 shares of the company’s stock worth $477,000 after buying an additional 1,160 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Consol Energy by 61.4% in the second quarter. Legal & General Group Plc now owns 293,924 shares of the company’s stock worth $4,726,000 after buying an additional 111,804 shares during the last quarter.
Consol Energy Company Profile
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company that operates through two divisions: oil and gas exploration and production (E&P) and coal mining. The principal activity of the E&P division is to produce pipeline quality natural gas for sale primarily to natural gas wholesalers. The E&P division’s segments are Marcellus, Utica, Coalbed Methane, and Other Gas.
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