CONSOL Energy Inc. (NYSE:CNX) Scheduled to Post Quarterly Earnings on Tuesday
CONSOL Energy Inc. (NYSE:CNX) is scheduled to announce its earnings results on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.09 per share for the quarter.
CONSOL Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. CONSOL Energy had a negative return on equity of 1.12% and a negative net margin of 36.01%. The firm had revenue of $698.71 million during the quarter, compared to analyst estimates of $648.26 million. During the same quarter in the previous year, the company posted ($0.43) earnings per share. The company’s revenue was up 31.1% compared to the same quarter last year. On average, analysts expect CONSOL Energy to post $0.51 EPS for the current fiscal year and $0.84 EPS for the next fiscal year.
Shares of CONSOL Energy Inc. (CNX) opened at 16.13 on Tuesday. CONSOL Energy Inc. has a 52 week low of $13.55 and a 52 week high of $22.34. The firm’s 50-day moving average price is $15.00 and its 200 day moving average price is $16.08. The company’s market cap is $3.71 billion.
Several research analysts have commented on CNX shares. BidaskClub raised shares of CONSOL Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Jefferies Group LLC set a $22.00 price objective on shares of CONSOL Energy and gave the company a “buy” rating in a report on Tuesday, April 4th. KLR Group reissued a “buy” rating and set a $24.00 price objective (up previously from $22.00) on shares of CONSOL Energy in a report on Wednesday, May 3rd. Barclays PLC reissued an “equal weight” rating and set a $18.00 price objective (down previously from $20.00) on shares of CONSOL Energy in a report on Saturday, April 22nd. Finally, FBR & Co reissued a “buy” rating on shares of CONSOL Energy in a report on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. CONSOL Energy has an average rating of “Hold” and a consensus target price of $22.52.
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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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