CONSOL Energy’s (CNX) “Hold” Rating Reaffirmed at Barclays PLC
CONSOL Energy Inc. (NYSE:CNX)‘s stock had its “hold” rating reissued by equities research analysts at Barclays PLC in a report issued on Wednesday.
A number of other research analysts have also recently commented on CNX. Jefferies Group LLC set a $22.00 price target on CONSOL Energy and gave the company a “buy” rating in a research note on Saturday, March 4th. Scotiabank set a $24.00 price target on CONSOL Energy and gave the company a “hold” rating in a research note on Saturday, April 22nd. FBR & Co reiterated a “buy” rating on shares of CONSOL Energy in a research note on Thursday, May 18th. KLR Group dropped their price target on CONSOL Energy from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, February 1st. Finally, Stifel Nicolaus cut CONSOL Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. 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’s stock. The company has an average rating of “Hold” and an average price target of $22.67.
CONSOL Energy (NYSE:CNX) traded down 0.18% during midday trading on Wednesday, hitting $16.40. The stock had a trading volume of 2,372,058 shares. The company’s market capitalization is $3.77 billion. The company’s 50-day moving average price is $16.00 and its 200 day moving average price is $17.36. CONSOL Energy has a 52 week low of $12.87 and a 52 week high of $22.34.
CONSOL Energy (NYSE:CNX) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.06. CONSOL Energy had a negative return on equity of 2.32% and a negative net margin of 41.33%. The company had revenue of $698.71 million during the quarter, compared to analysts’ expectations of $648.26 million. During the same period in the prior year, the company earned ($0.43) EPS. CONSOL Energy’s revenue was up 31.1% compared to the same quarter last year. On average, analysts expect that CONSOL Energy will post $0.46 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. LMR Partners LLP increased its stake in shares of CONSOL Energy by 226.9% in the third quarter. LMR Partners LLP now owns 99,224 shares of the oil and gas producer’s stock worth $1,905,000 after buying an additional 68,870 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of 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 during the last quarter. KCG Holdings Inc. acquired a new stake in shares of CONSOL Energy during the third quarter worth $622,000. AMP Capital Investors Ltd increased its stake in shares of CONSOL Energy by 125.6% in the third quarter. AMP Capital Investors Ltd now owns 39,236 shares of the oil and gas producer’s stock worth $736,000 after buying an additional 21,841 shares during the last quarter. Finally, Arlington Capital Management Inc. increased its stake in shares of CONSOL Energy by 3.0% in the third quarter. Arlington Capital Management Inc. now owns 617,984 shares of the oil and gas producer’s stock worth $11,865,000 after buying an additional 17,812 shares during the last quarter.
CONSOL Energy Company Profile
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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