CONSOL Energy Inc. (CNX) Expected to Announce Earnings of $0.11 Per Share
Brokerages forecast that CONSOL Energy Inc. (NYSE:CNX) will post earnings per share of $0.11 for the current quarter, according to Zacks. Three analysts have issued estimates for CONSOL Energy’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.07. CONSOL Energy posted earnings per share of ($0.21) during the same quarter last year, which indicates a positive year over year growth rate of 152.4%. The company is expected to report its next earnings report before the market opens on Tuesday, August 1st.
According to Zacks, analysts expect that CONSOL Energy will report full year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.62. For the next fiscal year, analysts expect that the firm will post earnings of $0.79 per share, with EPS estimates ranging from $0.20 to $1.21. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow CONSOL Energy.
CONSOL Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. CONSOL Energy had a negative net margin of 36.01% and a negative return on equity of 1.12%. The business had revenue of $698.71 million during the quarter, compared to analysts’ expectations of $648.26 million. During the same quarter in the previous year, the company earned ($0.43) EPS. The business’s revenue was up 31.1% on a year-over-year basis.
CNX has been the subject of a number of research reports. BidaskClub upgraded shares of CONSOL Energy from a “strong sell” rating to a “sell” rating in a research 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 research report on Tuesday, April 4th. KLR Group restated a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of CONSOL Energy in a research report on Wednesday, May 3rd. Barclays PLC restated an “equal weight” rating and issued a $18.00 price objective (down from $20.00) on shares of CONSOL Energy in a research report on Saturday, April 22nd. Finally, FBR & Co restated a “buy” rating on shares of CONSOL Energy in a research report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. CONSOL Energy currently has a consensus rating of “Hold” and an average price target of $22.52.
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Shares of CONSOL Energy (CNX) opened at 16.71 on Thursday. CONSOL Energy has a 52 week low of $13.55 and a 52 week high of $22.34. The firm has a 50-day moving average of $15.14 and a 200 day moving average of $16.07. The firm’s market cap is $3.84 billion.
Several hedge funds and other institutional investors have recently bought and sold shares of CNX. Creative Planning increased its position in 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 position 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 valued at $121,000 after buying an additional 662 shares during the period. FNY Managed Accounts LLC acquired a new position in CONSOL Energy during the first quarter valued at approximately $136,000. Two Sigma Securities LLC acquired a new position in CONSOL Energy during the first quarter valued at approximately $169,000. Finally, Trexquant Investment LP acquired a new position in 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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