CONSOL Energy Inc. (NYSE:CNX)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday, July 14th. They presently have a $26.00 price target on the oil and gas producer’s stock. Stifel Nicolaus’ price objective points to a potential upside of 67.31% from the stock’s current price.
Several other research firms have also issued reports on CNX. Jefferies Group LLC set a $22.00 target price on shares of CONSOL Energy and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Barclays PLC reissued a “hold” rating on shares of CONSOL Energy in a research note on Wednesday, May 24th. KLR Group reissued a “buy” rating and set a $24.00 target price (up from $22.00) on shares of CONSOL Energy in a research note on Wednesday, May 3rd. ValuEngine downgraded shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, FBR & Co restated a “buy” rating on shares of CONSOL Energy in a research report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.57.
Shares of CONSOL Energy (NYSE CNX) opened at 15.54 on Friday. CONSOL Energy has a 12-month low of $13.55 and a 12-month high of $22.34. The firm’s 50-day moving average price is $15.36 and its 200-day moving average price is $16.00. The company’s market capitalization is $3.58 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 (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. The business had revenue of $865.95 million for the quarter, compared to analyst estimates of $678.79 million. During the same period in the prior year, the company posted ($0.21) EPS. The company’s revenue for the quarter was up 202.8% on a year-over-year basis. On average, analysts expect that CONSOL Energy will post $0.60 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This news story was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://stocknewstimes.com/2017/08/05/stifel-nicolaus-reaffirms-buy-rating-for-consol-energy-inc-nysecnx-updated-updated.html.
In other CONSOL Energy news, Director J. Palmer Clarkson acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $15.40 per share, for a total transaction of $154,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in CONSOL Energy by 59.0% in the second quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 2,686 shares during the last quarter. James Investment Research Inc. increased 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 worth $121,000 after buying an additional 662 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in CONSOL Energy during the first quarter worth approximately $136,000. Two Sigma Securities LLC acquired a new stake in CONSOL Energy during the first quarter worth approximately $169,000. Finally, Trexquant Investment LP acquired a new stake in CONSOL Energy during the first quarter worth approximately $176,000.
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.
Receive News & Ratings for CONSOL Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CONSOL Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
