BidaskClub cut shares of CONSOL Energy Inc. (NYSE:CNX) from a hold rating to a sell rating in a report issued on Monday morning.
A number of other research analysts also recently issued reports on CNX. Barclays PLC restated an equal weight rating and set a $18.00 price target (down previously from $20.00) on shares of CONSOL Energy in a report on Saturday, April 22nd. Scotiabank set a $24.00 price target on CONSOL Energy and gave the company a hold rating in a report on Saturday, April 22nd. KLR Group restated a buy rating and set a $24.00 price target (up previously from $22.00) on shares of CONSOL Energy in a report on Wednesday, May 3rd. Jefferies Group LLC set a $20.00 price target on CONSOL Energy and gave the company a buy rating in a report on Wednesday, May 17th. Finally, FBR & Co restated a buy rating on shares of CONSOL Energy in a report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. CONSOL Energy presently has a consensus rating of Hold and a consensus target price of $21.86.
Shares of CONSOL Energy (CNX) opened at 14.07 on Monday. CONSOL Energy has a 52 week low of $13.55 and a 52 week high of $22.34. The stock has a 50 day moving average price of $15.52 and a 200 day moving average price of $15.73. The firm’s market cap is $3.24 billion.
CONSOL Energy (NYSE:CNX) last released its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. The company had revenue of $865.95 million during the quarter, compared to analyst estimates of $678.79 million. During the same quarter in the previous year, the company posted ($0.21) EPS. CONSOL Energy’s revenue for the quarter was up 202.8% on a year-over-year basis. Equities analysts expect that CONSOL Energy will post $0.61 earnings per share for the current year.
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In other news, Director J. Palmer Clarkson bought 10,000 shares of CONSOL Energy stock in a transaction on Thursday, August 3rd. The shares were 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 is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd increased its position in CONSOL Energy by 117.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 2,806,977 shares of the oil and gas producer’s stock worth $41,936,000 after buying an additional 1,516,289 shares during the period. 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. James Investment Research Inc. increased its position in 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. Old Mutual Global Investors UK Ltd. increased its position in CONSOL Energy by 139.3% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 129,140 shares of the oil and gas producer’s stock worth $2,166,000 after buying an additional 75,168 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in CONSOL Energy by 35.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,921 shares of the oil and gas producer’s stock worth $301,000 after buying an additional 4,668 shares during the period.
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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