CONSOL Energy Inc. (CNX) Set to Announce Earnings on Tuesday
CONSOL Energy Inc. (NYSE:CNX) will release its earnings data before the market opens on Tuesday, October 31st. Analysts expect CONSOL Energy to post earnings of $0.12 per share for the quarter.
CONSOL Energy (NYSE:CNX) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. The business had revenue of $865.95 million for the quarter, compared to analysts’ expectations of $678.79 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. The business’s quarterly revenue was up 202.8% on a year-over-year basis. During the same period last year, the firm earned ($0.21) earnings per share. On average, analysts expect CONSOL Energy to post $0.47 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Shares of CONSOL Energy Inc. (NYSE:CNX) opened at 15.83 on Tuesday. The firm’s 50-day moving average price is $15.96 and its 200-day moving average price is $15.49. The company’s market capitalization is $3.64 billion. CONSOL Energy Inc. has a 12-month low of $13.55 and a 12-month high of $22.34.
CONSOL Energy declared that its Board of Directors has authorized a share repurchase program on Tuesday, September 5th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
A number of brokerages have weighed in on CNX. Scotiabank set a $21.00 price objective on shares of CONSOL Energy and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of CONSOL Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of CONSOL Energy in a research report on Tuesday, October 10th. Susquehanna Bancshares Inc upped their price objective on shares of CONSOL Energy from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price objective on shares of CONSOL Energy in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.97.
In related news, Director J. Palmer Clarkson purchased 10,000 shares of CONSOL Energy stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $15.40 per share, for a total transaction of $154,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.
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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