A number of research firms have changed their ratings and price targets for CONSOL Energy (NYSE: CNX):

  • 8/1/2017 – CONSOL Energy was given a new $21.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 7/27/2017 – CONSOL Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CONSOL Energy’s increasing focus on E&P business is yielding positive results. Thanks to its solid asset base, the company is well poised to achieve the new E&P production targets. The company sold non-core E&P assets in the reported quarter and continues to pursue its strategy of separating the coal and E&P business. Besides, it continues to implement its hedge program and some volume of natural gas production is hedged through 2020 to protect against fluctuating prices. The company has taken steps to separate its mining and E&P division. CONSOL Energy’s shares returned higher than the broader industry in the last three months. CONSOL’s dependence on a limited group of customers for bulk sales of coal and operation of traditionally risky underground mines are headwinds.”
  • 7/24/2017 – CONSOL Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “CONSOL Energy’s increasing focus on E&P business is yielding positive results. Thanks to its solid asset base, the company is well poised to achieve the new E&P production targets. The company sold non-core E&P assets in the reported quarter and continues to pursue its strategy of separating the coal and E&P business. Besides, it continues to implement its hedge program and some volume of natural gas production is hedged through 2020 to protect against fluctuating prices. The company has taken steps to separate its mining and E&P division. However, CONSOL Energy’s shares returned lower than the broader industry in the last one month. CONSOL’s dependence on a limited group of customers for bulk sales of coal and operation of traditionally risky underground mines are headwinds.”
  • 7/19/2017 – CONSOL Energy was given a new $20.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 7/14/2017 – CONSOL Energy had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $26.00 price target on the stock.
  • 7/1/2017 – CONSOL Energy was given a new $21.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 6/29/2017 – CONSOL Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/23/2017 – CONSOL Energy was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/13/2017 – CONSOL Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of CONSOL Energy Inc. (NYSE CNX) traded down 1.22% during trading on Monday, reaching $15.35. The company’s stock had a trading volume of 399,168 shares. The stock’s 50-day moving average is $15.36 and its 200-day moving average is $16.00. The stock’s market cap is $3.53 billion. CONSOL Energy Inc. has a 12-month low of $13.55 and a 12-month high of $22.34.

CONSOL Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. The firm had revenue of $865.95 million during the quarter, compared to analyst estimates of $678.79 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company’s revenue was up 202.8% compared to the same quarter last year. Equities research analysts anticipate that CONSOL Energy Inc. will post $0.60 earnings per share for the current fiscal year.

In other news, Director J. Palmer Clarkson purchased 10,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $15.40 per share, with a total value of $154,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

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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