Several other brokerages have also recently commented on CNX. Jefferies Group LLC set a $22.00 price objective on shares of CONSOL Energy and gave the company a buy rating in a research note on Tuesday, April 4th. Barclays PLC reaffirmed a hold rating on shares of CONSOL Energy in a research note on Wednesday, May 24th. KLR Group reaffirmed a buy rating and set a $24.00 price objective (up previously from $22.00) on shares of CONSOL Energy in a research note on Wednesday, May 3rd. ValuEngine cut shares of CONSOL Energy from a hold rating to a sell rating in a research note on Friday, June 2nd. Finally, FBR & Co reaffirmed a buy rating on shares of CONSOL Energy in a research note on Thursday, May 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $21.86.
Shares of CONSOL Energy (NYSE:CNX) opened at 14.25 on Tuesday. The stock’s 50 day moving average is $15.49 and its 200-day moving average is $15.70. CONSOL Energy has a one year low of $13.55 and a one year high of $22.34. The company’s market cap is $3.28 billion.
CONSOL Energy (NYSE:CNX) last posted its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. The firm had revenue of $865.95 million during the quarter, compared to the consensus estimate of $678.79 million. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. The company’s revenue was up 202.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. Equities research analysts forecast that CONSOL Energy will post $0.61 earnings per share for the current year.
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In related news, Director J. Palmer Clarkson bought 10,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of $15.40 per share, for a total transaction of $154,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Creative Planning raised its stake 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 valued at $108,000 after buying an additional 2,686 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 last quarter. James Investment Research Inc. raised its stake 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 last quarter. FNY Managed Accounts LLC acquired a new stake in shares of CONSOL Energy during the first quarter worth $136,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of CONSOL Energy during the first quarter worth $169,000.
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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