Research Analysts Offer Predictions for Consol Energy Inc.’s FY2017 Earnings (CNX)
Consol Energy Inc. (NYSE:CNX) – Equities research analysts at FBR & Co raised their FY2017 EPS estimates for Consol Energy in a report issued on Thursday. FBR & Co analyst L. Pipes now expects that the firm will earn ($0.02) per share for the year, up from their prior forecast of ($0.14). FBR & Co has a “Outperform” rating and a $22.00 price target on the stock. FBR & Co also issued estimates for Consol Energy’s FY2018 earnings at $0.40 EPS.
A number of other research analysts have also commented on CNX. Zacks Investment Research lowered Consol Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Jefferies Group upped their target price on Consol Energy from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. KLR Group cut Consol Energy from a “buy” rating to an “accumulate” rating and upped their price target for the company from $17.00 to $20.00 in a research report on Monday, July 18th. Howard Weil upped their price target on Consol Energy from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 27th. Finally, Vetr upgraded Consol Energy from a “buy” rating to a “strong-buy” rating and set a $20.30 price target on the stock in a research report on Wednesday, August 10th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Consol Energy has a consensus rating of “Buy” and an average price target of $16.01.
Shares of Consol Energy (NYSE:CNX) opened at 18.70 on Monday. The company’s market capitalization is $4.29 billion. The firm has a 50-day moving average of $18.41 and a 200 day moving average of $16.06. Consol Energy has a 12 month low of $4.54 and a 12 month high of $20.66.
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Consol Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.02. Consol Energy had a negative return on equity of 3.31% and a negative net margin of 17.27%. The business earned $285.80 million during the quarter, compared to the consensus estimate of $566.84 million. During the same quarter last year, the firm posted ($0.37) earnings per share. Consol Energy’s revenue was down 47.6% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. bought a new position in Consol Energy during the second quarter valued at $105,000. Bank of Montreal Can bought a new position in Consol Energy during the second quarter valued at $109,000. Creative Planning raised its position in Consol Energy by 48.4% in the third quarter. Creative Planning now owns 7,215 shares of the company’s stock valued at $139,000 after buying an additional 2,354 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Consol Energy during the second quarter valued at $117,000. Finally, Gargoyle Investment Advisor L.L.C. bought a new position in Consol Energy during the second quarter valued at $166,000.
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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