Consol Energy Inc. (CNX) Rating Reiterated by Jefferies Group
Consol Energy Inc. (NYSE:CNX)‘s stock had its “buy” rating reissued by Jefferies Group in a research note issued on Wednesday. They currently have a $22.00 price objective on the stock. Jefferies Group’s price objective would suggest a potential upside of 18.09% from the company’s previous close.
A number of other analysts also recently weighed in on the company. Bank of America Corp. upgraded Consol Energy from an “underperform” rating to a “neutral” rating in a research report on Monday, August 15th. Morgan Stanley restated a “hold” rating and issued a $29.00 target price on shares of Consol Energy in a research report on Tuesday, August 16th. Zacks Investment Research upgraded Consol Energy from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, July 18th. Vetr downgraded Consol Energy from a “strong-buy” rating to a “buy” rating and set a $20.30 target price for the company. in a research report on Monday, August 29th. Finally, Scotiabank restated a “sector perform” rating and issued a $22.00 target price (up previously from $20.00) on shares of Consol Energy in a research report on Wednesday, July 27th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $16.13.
Shares of Consol Energy (NYSE:CNX) opened at 18.63 on Wednesday. Consol Energy has a 12 month low of $4.54 and a 12 month high of $20.66. The stock’s 50 day moving average is $18.43 and its 200 day moving average is $16.23. The firm’s market cap is $4.27 billion.
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Consol Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.02. The business had revenue of $285.80 million for the quarter, compared to the consensus estimate of $566.84 million. Consol Energy had a negative net margin of 17.27% and a negative return on equity of 3.31%. The business’s revenue was down 47.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.37) EPS. Equities research analysts expect that Consol Energy will post ($0.45) EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Advisor Group Inc. purchased a new stake in shares of Consol Energy during the second quarter worth approximately $105,000. Bank of Montreal Can bought a new stake in Consol Energy during the second quarter worth about $109,000. Creative Planning increased its stake in Consol Energy by 48.4% in the third quarter. Creative Planning now owns 7,215 shares of the company’s stock worth $139,000 after buying an additional 2,354 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Consol Energy during the second quarter worth about $117,000. Finally, Gargoyle Investment Advisor L.L.C. bought a new stake in Consol Energy during the second quarter worth about $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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