CONSOL Energy Inc. (CNX) Receives Buy Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of CONSOL Energy Inc. (NYSE:CNX) in a report published on Friday. They currently have a $26.00 price target on the oil and gas producer’s stock.

CNX has been the topic of a number of other reports. Zacks Investment Research downgraded shares of CONSOL Energy from a buy rating to a hold rating in a research report on Tuesday, March 21st. Scotiabank reiterated a hold rating and issued a $24.00 price target on shares of CONSOL Energy in a research report on Friday, March 24th. BidaskClub upgraded shares of CONSOL Energy from a strong sell rating to a sell rating in a research report on Tuesday, June 13th. FBR & Co reiterated a buy rating on shares of CONSOL Energy in a research report on Thursday, May 18th. Finally, ValuEngine downgraded shares of CONSOL Energy from a hold rating to a sell rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. CONSOL Energy has an average rating of Hold and a consensus price target of $22.70.

CONSOL Energy (NYSE:CNX) traded down 0.76% during mid-day trading on Friday, hitting $15.65. 1,660,193 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $15.07 and a 200 day moving average of $16.50. The stock’s market capitalization is $3.60 billion. CONSOL Energy has a 52 week low of $13.55 and a 52 week high of $22.34.

CONSOL Energy (NYSE:CNX) last released its earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. CONSOL Energy had a negative net margin of 36.01% and a negative return on equity of 1.12%. The company had revenue of $698.71 million for the quarter, compared to the consensus estimate of $648.26 million. During the same period in the prior year, the company posted ($0.43) EPS. The company’s revenue was up 31.1% compared to the same quarter last year. Equities analysts forecast that CONSOL Energy will post $0.45 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ardevora Asset Management LLP increased its position in CONSOL Energy by 44.0% in the second quarter. Ardevora Asset Management LLP now owns 1,552,600 shares of the oil and gas producer’s stock worth $23,196,000 after buying an additional 474,100 shares during the period. Oregon Public Employees Retirement Fund increased its position in CONSOL Energy by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 64,684 shares of the oil and gas producer’s stock worth $966,000 after buying an additional 2,785 shares during the period. CENTRAL TRUST Co bought a new position in CONSOL Energy during the second quarter worth approximately $192,000. Creative Planning increased its position in CONSOL Energy by 59.0% in the second quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 2,686 shares during the period. Finally, Bank of Montreal Can increased its position in CONSOL Energy by 12,407.3% in the second quarter. Bank of Montreal Can now owns 1,018,348 shares of the oil and gas producer’s stock worth $15,213,000 after buying an additional 1,010,206 shares during the period.

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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