CONSOL Energy (NYSE:CNX) was upgraded by equities researchers at SunTrust Banks from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.

Several other equities research analysts also recently issued reports on CNX. BidaskClub downgraded CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Scotiabank set a $22.00 target price on CONSOL Energy and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Stifel Nicolaus set a $26.00 target price on CONSOL Energy and gave the stock a “buy” rating in a research report on Friday, August 25th. Jefferies Group set a $20.00 target price on CONSOL Energy and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, ValuEngine downgraded CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.21.

CONSOL Energy (NYSE:CNX) traded down $0.04 during trading on Thursday, reaching $14.54. The company had a trading volume of 3,258,917 shares, compared to its average volume of 3,950,486. CONSOL Energy has a fifty-two week low of $11.29 and a fifty-two week high of $18.62. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $3,287.02, a P/E ratio of 77.11 and a beta of 1.53.

CONSOL Energy (NYSE:CNX) last posted its quarterly earnings data 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 analysts’ expectations of $623.00 million. CONSOL Energy had a negative net margin of 7.49% and a positive return on equity of 1.09%. CONSOL Energy’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. equities analysts anticipate that CONSOL Energy will post 0.25 earnings per share for the current year.

CONSOL Energy announced that its Board of Directors has initiated a share buyback program on Tuesday, September 5th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Several hedge funds have recently modified their holdings of CNX. ICON Advisers purchased a new stake in shares of CONSOL Energy in the third quarter worth $4,625,000. Capstone Asset Management Company raised its position in shares of CONSOL Energy by 795.7% in the fourth quarter. Capstone Asset Management Company now owns 121,115 shares of the oil and gas producer’s stock worth $957,000 after buying an additional 107,593 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in shares of CONSOL Energy in the fourth quarter worth $5,312,000. Russell Frank Co raised its position in shares of CONSOL Energy by 953.7% in the fourth quarter. Russell Frank Co now owns 898,193 shares of the oil and gas producer’s stock worth $6,988,000 after buying an additional 812,953 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in CONSOL Energy by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 437,507 shares of the oil and gas producer’s stock valued at $3,456,000 after acquiring an additional 6,857 shares during the last quarter. Institutional investors own 96.84% of the company’s stock.

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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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Analyst Recommendations for CONSOL Energy (NYSE:CNX)

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