CONSOL Energy Inc. (CNX) PT Set at $21.00 by Scotiabank

CONSOL Energy Inc. (NYSE:CNX) received a $21.00 target price from stock analysts at Scotiabank in a research note issued on Monday. The brokerage presently has a “hold” rating on the oil and gas producer’s stock. Scotiabank’s target price would suggest a potential upside of 33.67% from the company’s previous close.

A number of other analysts have also recently commented on CNX. Zacks Investment Research cut CONSOL Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub cut CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Susquehanna Bancshares Inc upped their price target on CONSOL Energy from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 25th. SunTrust Banks, Inc. set a $17.00 price target on CONSOL Energy and gave the company a “hold” rating in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $24.00 target price on shares of CONSOL Energy in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.88.

Shares of CONSOL Energy (NYSE CNX) opened at $15.71 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.94 and a quick ratio of 0.86. The company has a market capitalization of $3,706.98, a PE ratio of 84.79 and a beta of 1.54. CONSOL Energy has a 52 week low of $13.55 and a 52 week high of $22.34.

CONSOL Energy (NYSE:CNX) last announced its quarterly earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $671.30 million during the quarter, compared to the consensus estimate of $623.00 million. CONSOL Energy had a negative net margin of 7.49% and a positive return on equity of 1.09%. The business’s revenue was down 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. sell-side analysts predict that CONSOL Energy will post 0.34 earnings per share for the current year.

CONSOL Energy declared that its board has authorized a share repurchase program on Tuesday, September 5th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the oil and gas producer to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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A number of large investors have recently added to or reduced their stakes in the business. Chicago Equity Partners LLC boosted its holdings in shares of CONSOL Energy by 62.5% in the 2nd quarter. Chicago Equity Partners LLC now owns 127,505 shares of the oil and gas producer’s stock valued at $1,905,000 after buying an additional 49,030 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CONSOL Energy in the 2nd quarter valued at approximately $573,000. Ardevora Asset Management LLP boosted its holdings in shares of CONSOL Energy by 44.0% in the 2nd quarter. Ardevora Asset Management LLP now owns 1,552,600 shares of the oil and gas producer’s stock valued at $23,196,000 after buying an additional 474,100 shares during the last quarter. Bridgewater Associates LP boosted its holdings in shares of CONSOL Energy by 252.0% in the 2nd quarter. Bridgewater Associates LP now owns 65,283 shares of the oil and gas producer’s stock valued at $975,000 after buying an additional 46,736 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its holdings in shares of CONSOL Energy by 170.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 601,636 shares of the oil and gas producer’s stock valued at $9,025,000 after buying an additional 379,243 shares during the last quarter. 99.84% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for CONSOL Energy (NYSE:CNX)

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