Q4 2017 Earnings Estimate for CONSOL Energy Inc. (CNX) Issued By FBR & Co
CONSOL Energy Inc. (NYSE:CNX) – Equities research analysts at FBR & Co lifted their Q4 2017 earnings per share (EPS) estimates for CONSOL Energy in a report released on Friday. FBR & Co analyst J. Allman now forecasts that the oil and gas producer will earn $0.17 per share for the quarter, up from their prior forecast of $0.15. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for CONSOL Energy’s FY2018 earnings at $0.79 EPS.
CONSOL Energy (NYSE:CNX) last announced its earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $698.71 million for the quarter, compared to the consensus estimate of $648.26 million. CONSOL Energy had a negative return on equity of 2.32% and a negative net margin of 41.33%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.43) EPS. TRADEMARK VIOLATION NOTICE: “Q4 2017 Earnings Estimate for CONSOL Energy Inc. (CNX) Issued By FBR & Co” was published by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/05/22/q4-2017-earnings-estimate-for-consol-energy-inc-cnx-issued-by-fbr-co.html.
CNX has been the topic of a number of other reports. Scotiabank reaffirmed a “hold” rating and set a $24.00 price objective on shares of CONSOL Energy in a research note on Tuesday, February 21st. Jefferies Group LLC set a $22.00 price objective on CONSOL Energy and gave the company a “buy” rating in a research note on Saturday, March 4th. Zacks Investment Research cut CONSOL Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Stifel Nicolaus cut CONSOL Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Finally, KLR Group reduced their price objective on CONSOL Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, February 1st. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.67.
CONSOL Energy (NYSE:CNX) opened at 16.08 on Monday. The firm’s 50-day moving average price is $16.06 and its 200 day moving average price is $17.38. The firm’s market capitalization is $3.70 billion. CONSOL Energy has a one year low of $12.69 and a one year high of $22.34.
Hedge funds have recently bought and sold shares of the company. James Investment Research Inc. raised its stake in CONSOL Energy by 10.1% in the first quarter. James Investment Research Inc. now owns 7,222 shares of the oil and gas producer’s stock worth $121,000 after buying an additional 662 shares in the last quarter. Riverhead Capital Management LLC raised its stake in CONSOL Energy by 63.0% in the third quarter. Riverhead Capital Management LLC now owns 7,100 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 2,744 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in CONSOL Energy during the first quarter worth $136,000. Two Sigma Securities LLC purchased a new stake in CONSOL Energy during the first quarter worth $169,000. Finally, Trexquant Investment LP purchased a new stake in CONSOL Energy during the first quarter worth $176,000.
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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