CONSOL Energy Inc. (NYSE:CNX)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a report issued on Friday, July 14th. They presently have a $26.00 price objective on the oil and gas producer’s stock. Stifel Nicolaus’ price target indicates a potential upside of 73.33% from the stock’s previous close.
Several other research analysts have also weighed in on the stock. Scotiabank set a $21.00 target price on shares of CONSOL Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. BidaskClub raised shares of CONSOL Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. ValuEngine cut shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Barclays PLC reissued a “hold” rating on shares of CONSOL Energy in a research report on Wednesday, May 24th. Finally, FBR & Co reissued a “buy” rating on shares of CONSOL Energy in a research report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.57.
CONSOL Energy (NYSE:CNX) opened at 15.00 on Friday. The stock’s market capitalization is $3.45 billion. The stock’s 50 day moving average is $15.55 and its 200-day moving average is $15.87. CONSOL Energy has a 52-week low of $13.55 and a 52-week high of $22.34.
CONSOL Energy (NYSE:CNX) last announced its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $865.95 million during the quarter, compared to analyst estimates of $678.79 million. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. CONSOL Energy’s revenue was up 202.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.21) earnings per share. Equities research analysts anticipate that CONSOL Energy will post $0.65 EPS for the current fiscal year.
In related news, Director J. Palmer Clarkson purchased 10,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $15.40 per share, for a total transaction of $154,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in CNX. Creative Planning raised its position in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CONSOL Energy by 9.0% in the second 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 period. James Investment Research Inc. raised its position in shares of CONSOL Energy by 10.1% in the first quarter. James Investment Research Inc. now owns 7,222 shares of the oil and gas producer’s stock worth $121,000 after buying an additional 662 shares during the period. FNY Managed Accounts LLC acquired a new position in shares of CONSOL Energy during the first quarter worth about $136,000. Finally, Two Sigma Securities LLC acquired a new position in shares of CONSOL Energy during the first quarter worth about $169,000.
About CONSOL Energy
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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