CONSOL Energy Inc. (NYSE:CNX) – SunTrust Banks decreased their Q4 2017 earnings estimates for shares of CONSOL Energy in a report issued on Wednesday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will earn $0.10 per share for the quarter, down from their prior estimate of $0.11. SunTrust Banks currently has a “Hold” rating and a $17.00 price objective on the stock. SunTrust Banks also issued estimates for CONSOL Energy’s FY2018 earnings at $1.13 EPS.

A number of other brokerages have also commented on CNX. Zacks Investment Research raised CONSOL Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th. BidaskClub lowered CONSOL Energy from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Susquehanna Bancshares Inc upped their price objective on CONSOL Energy from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 25th. Stifel Nicolaus set a $26.00 price objective on CONSOL Energy and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of CONSOL Energy in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. CONSOL Energy presently has a consensus rating of “Hold” and an average target price of $20.97.

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CONSOL Energy (NYSE:CNX) last issued its earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $671.30 million during the quarter, compared to the consensus estimate of $623.00 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 7.49%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share.

CONSOL Energy announced that its Board of Directors has authorized a stock repurchase program on Tuesday, September 5th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the oil and gas producer to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Several hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. lifted its position in shares of CONSOL Energy by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 17,473 shares of the oil and gas producer’s stock worth $261,000 after buying an additional 300 shares during the last quarter. Utah Retirement Systems lifted its position in shares of CONSOL Energy by 0.7% during the 2nd quarter. Utah Retirement Systems now owns 41,671 shares of the oil and gas producer’s stock worth $623,000 after buying an additional 300 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of CONSOL Energy by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,921 shares of the oil and gas producer’s stock worth $223,000 after buying an additional 577 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CONSOL Energy by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock worth $114,000 after buying an additional 631 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its position in shares of CONSOL Energy by 3.0% during the 2nd quarter. Suntrust Banks Inc. now owns 28,310 shares of the oil and gas producer’s stock worth $422,000 after buying an additional 831 shares during the last quarter. Institutional investors and hedge funds own 99.84% of the company’s stock.

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.

Earnings History and Estimates for CONSOL Energy (NYSE:CNX)

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