CONSOL Energy Inc. (CNX) Expected to Post Earnings of $0.13 Per Share
Equities research analysts expect CONSOL Energy Inc. (NYSE:CNX) to report earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for CONSOL Energy’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.09. CONSOL Energy reported earnings of ($0.07) per share during the same quarter last year, which would indicate a positive year over year growth rate of 285.7%. The company is scheduled to report its next earnings results before the market opens on Tuesday, May 2nd.
According to Zacks, analysts expect that CONSOL Energy will report full-year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $0.57. For the next year, analysts anticipate that the firm will post earnings of $1.08 per share, with EPS estimates ranging from $0.49 to $1.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CONSOL Energy.
CONSOL Energy (NYSE:CNX) last issued its earnings results on Tuesday, January 31st. The oil and gas producer reported ($1.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $1.41. CONSOL Energy had a negative return on equity of 2.32% and a negative net margin of 41.33%. The firm had revenue of $462.02 million for the quarter, compared to analysts’ expectations of $613.18 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The firm’s revenue for the quarter was down 30.6% compared to the same quarter last year.
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CNX has been the topic of a number of research analyst reports. Zacks Investment Research raised CONSOL Energy from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, January 10th. SunTrust Banks, Inc. lowered CONSOL Energy from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Stifel Nicolaus lowered CONSOL Energy from a “buy” rating to a “hold” rating in a report on Monday, January 30th. KLR Group lowered their target price on CONSOL Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, February 1st. Finally, Scotiabank reaffirmed a “hold” rating and issued a $24.00 target price on shares of CONSOL Energy in a report on Tuesday, February 21st. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. CONSOL Energy presently has an average rating of “Hold” and a consensus target price of $22.47.
In other news, Director Maureen Lally-Green acquired 2,500 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were bought at an average price of $16.97 per share, with a total value of $42,425.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alvin R. Carpenter acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were purchased at an average cost of $16.71 per share, for a total transaction of $66,840.00. Following the acquisition, the director now directly owns 93,600 shares in the company, valued at approximately $1,564,056. The disclosure for this purchase can be found here. Insiders have bought a total of 47,700 shares of company stock worth $807,605 in the last three months. 1.50% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of CONSOL Energy by 3,116.0% in the fourth quarter. AQR Capital Management LLC now owns 2,172,973 shares of the oil and gas producer’s stock valued at $39,613,000 after buying an additional 2,105,406 shares during the last quarter. Morgan Stanley increased its position in CONSOL Energy by 212.7% in the third quarter. Morgan Stanley now owns 2,787,904 shares of the oil and gas producer’s stock valued at $53,529,000 after buying an additional 1,896,445 shares during the period. Scopia Capital Management LP bought a new position in CONSOL Energy during the third quarter valued at approximately $27,041,000. HBK Investments L P increased its position in CONSOL Energy by 557.2% in the third quarter. HBK Investments L P now owns 1,273,200 shares of the oil and gas producer’s stock valued at $24,445,000 after buying an additional 1,079,476 shares during the period. Finally, Shelton Capital Management increased its position in CONSOL Energy by 5,355.9% in the fourth quarter. Shelton Capital Management now owns 1,080,000 shares of the oil and gas producer’s stock valued at $354,000 after buying an additional 1,060,205 shares during the period.
Shares of CONSOL Energy (NYSE:CNX) opened at 15.46 on Thursday. The stock’s market cap is $3.55 billion. CONSOL Energy has a one year low of $12.29 and a one year high of $22.34. The stock’s 50 day moving average price is $15.92 and its 200-day moving average price is $17.81.
About CONSOL Energy
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.
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