CONSOL Energy (CNX) has been initiated today with coverage from the research analysts at Davenport. Davenport begins this new coverage of CNX with an initial price target set at $59 dollars and rates performance of CNX as “buy.”
CONSOL is slated to release their next earnings report on July 28th, 2011 and is estimated to post EPS of 67 cents. Their last earnings report was released on April 28th, 2011 and announced EPS of 84 cents with revenue totaling 1.465 billion which was up 18.1 % year to year. CNX is currently trading between its 50 & 200-day moving averages and 2011 is just under a down year for the company.
CONSOL Energy is a multi-fuel energy producer and energy services provider primarily serving the electric power generation industry in the United States. The electric power industry generates over two-thirds of its output by burning coal or gas, the two fuels they produce. The company has market capitalization of $11,619,000,000 and 226,638,000 shares outstanding. CNX has a 52-week high of $56.32 with the low being $31.08 dollars.
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