Emerald Advisers Inc. PA purchased a new stake in CONSOL Energy Inc. (NYSE:CNX) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,330 shares of the oil and gas producer’s stock, valued at approximately $192,000.
Other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of CONSOL Energy by 59.0% in the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CONSOL Energy by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock valued at $114,000 after buying an additional 631 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of CONSOL Energy in the 2nd quarter valued at about $179,000. CENTRAL TRUST Co bought a new stake in shares of CONSOL Energy in the 2nd quarter valued at about $192,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of CONSOL Energy by 20.5% in the 2nd quarter. LS Investment Advisors LLC now owns 14,168 shares of the oil and gas producer’s stock valued at $212,000 after buying an additional 2,414 shares in the last quarter. Institutional investors and hedge funds own 99.84% of the company’s stock.
CNX has been the topic of a number of recent analyst reports. Jefferies Group LLC set a $20.00 price target on shares of CONSOL Energy and gave the company a “buy” rating in a report on Monday, August 28th. ValuEngine cut shares of CONSOL Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Scotiabank set a $21.00 price target on shares of CONSOL Energy and gave the company a “hold” rating in a report on Tuesday, August 1st. SunTrust Banks, Inc. set a $17.00 price target on shares of CONSOL Energy and gave the company a “hold” rating in a report on Tuesday, October 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $24.00 price target on shares of CONSOL Energy in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.97.
CONSOL Energy Inc. (NYSE CNX) opened at $16.27 on Monday. CONSOL Energy Inc. has a 1 year low of $13.55 and a 1 year high of $22.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 0.94. The stock has a market cap of $3,743.79, a P/E ratio of 85.63 and a beta of 1.54.
CONSOL Energy (NYSE:CNX) last posted its quarterly earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 7.49%. The business had revenue of $671.30 million for the quarter, compared to analysts’ expectations of $623.00 million. During the same period in the prior year, the business posted $0.04 earnings per share. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. equities analysts predict that CONSOL Energy Inc. will post 0.44 earnings per share for the current fiscal year.
CONSOL Energy declared that its board has initiated a share repurchase program on Tuesday, September 5th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the oil and gas producer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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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