Several other equities research analysts also recently weighed in on CNX. Jefferies Group LLC set a $20.00 price objective on CONSOL Energy and gave the company a buy rating in a report on Wednesday, July 19th. Zacks Investment Research raised CONSOL Energy from a hold rating to a buy rating and set a $18.00 price objective on the stock in a report on Monday, July 24th. BidaskClub downgraded CONSOL Energy from a hold rating to a sell rating in a report on Monday, August 14th. Stifel Nicolaus set a $26.00 price objective on CONSOL Energy and gave the company a buy rating in a report on Friday, August 25th. Finally, ValuEngine downgraded CONSOL Energy from a hold rating to a sell rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $20.88.
CONSOL Energy (NYSE CNX) traded up $0.38 during midday trading on Monday, hitting $16.11. The company had a trading volume of 4,642,100 shares, compared to its average volume of 3,260,681. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 0.94. CONSOL Energy has a 12 month low of $13.55 and a 12 month high of $22.34. The firm has a market cap of $3,619.54, a P/E ratio of 82.79 and a beta of 1.54.
CONSOL Energy (NYSE:CNX) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.14). CONSOL Energy had a negative net margin of 7.49% and a positive return on equity of 1.09%. The firm had revenue of $671.30 million for the quarter, compared to analyst estimates of $623.00 million. During the same period last year, the business earned $0.04 EPS. The company’s revenue was down 10.0% compared to the same quarter last year. equities research analysts anticipate that CONSOL Energy will post 0.34 EPS for the current year.
CONSOL Energy declared that its board has authorized a stock buyback program on Tuesday, September 5th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the oil and gas producer to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Hedge funds have recently bought and sold shares of the company. Creative Planning raised its position in shares of CONSOL Energy by 59.0% in the 2nd quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 2,686 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CONSOL Energy by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock worth $114,000 after acquiring an additional 631 shares in the last quarter. Strategic Global Advisors LLC bought a new position in shares of CONSOL Energy in the 3rd quarter worth about $172,000. Emerald Advisers Inc. PA bought a new position in shares of CONSOL Energy in the 3rd quarter worth about $192,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of CONSOL Energy in the 2nd quarter worth about $179,000. 99.84% of the stock is owned by hedge funds and other institutional investors.
About CONSOL Energy
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.