CONSOL Energy Inc. (NYSE:CNX) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

CNX has been the subject of several other reports. Scotiabank set a $21.00 target price on shares of CONSOL Energy and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of CONSOL Energy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Monday, July 24th. BidaskClub raised 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 $20.00 target price on shares of CONSOL Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $26.00 target price on shares of CONSOL Energy in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.97.

CONSOL Energy (NYSE:CNX) traded up 1.58% during trading on Friday, hitting $14.78. 2,595,194 shares of the stock were exchanged. The firm’s 50-day moving average is $15.28 and its 200 day moving average is $15.51. The firm’s market cap is $3.40 billion. CONSOL Energy has a 52 week low of $13.55 and a 52 week high of $22.34.

CONSOL Energy (NYSE:CNX) last posted its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $865.95 million during the quarter, compared to the consensus estimate of $678.79 million. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. The firm’s revenue for the quarter was up 202.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.21) earnings per share. Analysts expect that CONSOL Energy will post $0.61 earnings per share for the current fiscal year.

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In other news, Director J. Palmer Clarkson acquired 10,000 shares of CONSOL Energy stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of $15.40 per share, with a total value of $154,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Southeastern Asset Management Inc. TN grew its position in CONSOL Energy by 0.9% in the 2nd quarter. Southeastern Asset Management Inc. TN now owns 50,917,034 shares of the oil and gas producer’s stock worth $760,701,000 after purchasing an additional 441,482 shares in the last quarter. Vanguard Group Inc. grew its position in CONSOL Energy by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 13,822,103 shares of the oil and gas producer’s stock worth $206,502,000 after purchasing an additional 112,638 shares in the last quarter. Dimensional Fund Advisors LP grew its position in CONSOL Energy by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,493,977 shares of the oil and gas producer’s stock worth $141,844,000 after purchasing an additional 1,003,459 shares in the last quarter. State Street Corp grew its position in CONSOL Energy by 13.2% in the 1st quarter. State Street Corp now owns 7,651,383 shares of the oil and gas producer’s stock worth $128,389,000 after purchasing an additional 892,265 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd grew its position in CONSOL Energy by 117.5% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 2,806,977 shares of the oil and gas producer’s stock worth $41,936,000 after purchasing an additional 1,516,289 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CONSOL Energy (NYSE:CNX)

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