CONSOL Energy Inc. (NYSE:CNX)‘s stock had its “hold” rating restated by equities researchers at Barclays PLC in a note issued to investors on Wednesday, May 24th.
Other equities research analysts also recently issued research reports about the stock. KLR Group reduced their target price on shares of CONSOL Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, February 1st. Jefferies Group LLC set a $22.00 target price on shares of CONSOL Energy and gave the company a “buy” rating in a research note on Saturday, March 4th. FBR & Co reiterated a “buy” rating on shares of CONSOL Energy in a research report on Thursday, May 18th. Scotiabank reiterated a “hold” rating and set a $24.00 price target on shares of CONSOL Energy in a research report on Friday, March 24th. Finally, Zacks Investment Research downgraded shares of CONSOL Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CONSOL Energy currently has an average rating of “Hold” and an average target price of $22.67.
CONSOL Energy (NYSE CNX) traded down 2.16% on Wednesday, hitting $14.49. 3,665,116 shares of the stock were exchanged. CONSOL Energy has a 1-year low of $13.36 and a 1-year high of $22.34. The company’s 50 day moving average is $15.41 and its 200 day moving average is $16.94. The stock’s market cap is $3.33 billion.
CONSOL Energy (NYSE:CNX) last issued its earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. CONSOL Energy had a negative net margin of 36.01% and a negative return on equity of 1.12%. The company had revenue of $698.71 million for the quarter, compared to the consensus estimate of $648.26 million. During the same quarter in the previous year, the company earned ($0.43) EPS. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, equities research analysts expect that CONSOL Energy will post $0.48 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in CNX. LMR Partners LLP boosted its stake in shares of CONSOL Energy by 226.9% in the third quarter. LMR Partners LLP now owns 99,224 shares of the oil and gas producer’s stock valued at $1,905,000 after buying an additional 68,870 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of CONSOL Energy by 63.0% in the third quarter. Riverhead Capital Management LLC now owns 7,100 shares of the oil and gas producer’s stock valued at $136,000 after buying an additional 2,744 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of CONSOL Energy during the third quarter valued at $622,000. AMP Capital Investors Ltd boosted its stake in shares of CONSOL Energy by 125.6% in the third quarter. AMP Capital Investors Ltd now owns 39,236 shares of the oil and gas producer’s stock valued at $736,000 after buying an additional 21,841 shares in the last quarter. Finally, Arlington Capital Management Inc. boosted its stake in shares of CONSOL Energy by 3.0% in the third quarter. Arlington Capital Management Inc. now owns 617,984 shares of the oil and gas producer’s stock valued at $11,865,000 after buying an additional 17,812 shares in the last quarter.
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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