CONSOL Energy Inc. Forecasted to Post Q1 2018 Earnings of $0.31 Per Share (NYSE:CNX)
CONSOL Energy Inc. (NYSE:CNX) – Stock analysts at Jefferies Group increased their Q1 2018 earnings per share (EPS) estimates for shares of CONSOL Energy in a report issued on Wednesday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas producer will post earnings per share of $0.31 for the quarter, up from their prior forecast of $0.30. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for CONSOL Energy’s Q4 2018 earnings at $0.34 EPS.
CONSOL Energy (NYSE:CNX) last released its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.06. The business had revenue of $698.71 million during the quarter, compared to analyst estimates of $648.26 million. CONSOL Energy had a negative net margin of 36.01% and a negative return on equity of 1.12%. The business’s revenue was up 31.1% on a year-over-year basis. During the same period last year, the business earned ($0.43) EPS.
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A number of other equities analysts have also issued reports on CNX. Barclays PLC reaffirmed a “hold” rating on shares of CONSOL Energy in a research report on Wednesday, May 24th. KLR Group reaffirmed a “buy” rating and set a $24.00 target price (up previously from $22.00) on shares of CONSOL Energy in a research report on Wednesday, May 3rd. ValuEngine lowered shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. FBR & Co reaffirmed a “buy” rating on shares of CONSOL Energy in a research report on Thursday, May 18th. Finally, BidaskClub raised shares of CONSOL Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. CONSOL Energy currently has a consensus rating of “Hold” and a consensus target price of $22.70.
CONSOL Energy (NYSE CNX) traded down 1.93% during midday trading on Thursday, reaching $16.27. 977,431 shares of the company were exchanged. The firm’s market cap is $3.74 billion. CONSOL Energy has a one year low of $13.55 and a one year high of $22.34. The firm’s 50-day moving average is $14.86 and its 200-day moving average is $16.12.
A number of large investors have recently made changes to their positions in the stock. Creative Planning raised its stake in shares of CONSOL Energy by 59.0% in the second quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 2,686 shares during the period. James Investment Research Inc. increased its stake in shares of 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 valued at $121,000 after buying an additional 662 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of CONSOL Energy during the first quarter valued at approximately $136,000. Two Sigma Securities LLC purchased a new stake in shares of CONSOL Energy during the first quarter valued at approximately $169,000. Finally, Trexquant Investment LP purchased a new stake in shares of CONSOL Energy during the first quarter valued at approximately $176,000.
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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