CONSOL Energy Inc. (NYSE:CNX) announced its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07, Bloomberg Earnings reports. The business had revenue of $865.95 million for 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%. CONSOL Energy’s quarterly revenue was up 202.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.21) earnings per share.
Shares of CONSOL Energy (CNX) opened at 14.25 on Friday. The stock has a 50 day moving average of $15.49 and a 200 day moving average of $15.70. CONSOL Energy has a 52 week low of $13.55 and a 52 week high of $22.34. The firm’s market cap is $3.28 billion.
In related news, Director J. Palmer Clarkson bought 10,000 shares of CONSOL Energy stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $15.40 per share, with a total value of $154,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd raised its stake 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 valued at $41,936,000 after buying an additional 1,516,289 shares during the period. Ardevora Asset Management LLP raised its stake 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 valued at $23,196,000 after buying an additional 474,100 shares during the period. James Investment Research Inc. raised its stake 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 valued at $121,000 after buying an additional 662 shares during the period. Old Mutual Global Investors UK Ltd. raised its stake 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 valued at $2,166,000 after buying an additional 75,168 shares during the period. Finally, Credit Agricole S A raised its stake in CONSOL Energy by 78.9% in the first quarter. Credit Agricole S A now owns 40,446 shares of the oil and gas producer’s stock valued at $679,000 after buying an additional 17,844 shares during the period.
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Several brokerages have recently issued reports on CNX. BidaskClub downgraded shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Scotiabank set a $21.00 price objective on shares of CONSOL Energy and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of CONSOL Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Jefferies Group LLC set a $20.00 price objective on shares of CONSOL Energy and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $26.00 price objective on shares of CONSOL Energy in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.86.
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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