Consol Energy Inc. (NYSE:CNX) has been given an average rating of “Hold” by the nineteen research firms that are currently covering the company. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $15.73.
CNX has been the topic of several research analyst reports. Vetr cut shares of Consol Energy from a “strong-buy” rating to a “buy” rating and set a $20.30 price target on the stock. in a research report on Monday, August 29th. Zacks Investment Research cut shares of Consol Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. KLR Group cut shares of Consol Energy from a “buy” rating to an “accumulate” rating and boosted their price target for the company from $17.00 to $20.00 in a research report on Monday, July 18th. Morgan Stanley reiterated a “hold” rating and set a $29.00 price target on shares of Consol Energy in a research report on Tuesday, August 16th. Finally, Jefferies Group boosted their price target on shares of Consol Energy from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Consol Energy by 534.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,587,472 shares of the company’s stock worth $89,901,000 after buying an additional 4,706,553 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Consol Energy by 100.7% in the first quarter. BlackRock Fund Advisors now owns 7,629,117 shares of the company’s stock worth $86,133,000 after buying an additional 3,827,895 shares during the last quarter. Quaker Capital Investments LLC boosted its stake in Consol Energy by 156.5% in the first quarter. Quaker Capital Investments LLC now owns 2,701,387 shares of the company’s stock worth $30,499,000 after buying an additional 1,648,058 shares during the last quarter. Ardevora Asset Management LLP purchased a new stake in Consol Energy during the second quarter worth approximately $18,721,000. Finally, Schneider Capital Management Corp boosted its stake in Consol Energy by 99.2% in the second quarter. Schneider Capital Management Corp now owns 2,181,960 shares of the company’s stock worth $35,108,000 after buying an additional 1,086,597 shares during the last quarter.
Consol Energy (NYSE:CNX) opened at 19.20 on Monday. The firm has a 50-day moving average price of $17.86 and a 200-day moving average price of $15.49. Consol Energy has a 1-year low of $4.54 and a 1-year high of $19.76. The firm’s market capitalization is $4.41 billion.
Consol Energy (NYSE:CNX) last announced its quarterly earnings results on Tuesday, July 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.02. Consol Energy had a negative net margin of 17.27% and a negative return on equity of 3.31%. The company had revenue of $285.80 million for the quarter, compared to analysts’ expectations of $566.84 million. During the same quarter in the prior year, the firm earned ($0.37) EPS. Consol Energy’s quarterly revenue was down 47.6% compared to the same quarter last year. Equities analysts expect that Consol Energy will post ($0.45) earnings per share for the current fiscal year.
About Consol Energy
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company that operates through two divisions: oil and gas exploration and production (E&P) and coal mining. The principal activity of the E&P division is to produce pipeline quality natural gas for sale primarily to natural gas wholesalers. The E&P division’s segments are Marcellus, Utica, Coalbed Methane, and Other Gas.
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