Consol Energy Inc. (CNX) Receives Outperform Rating from FBR & Co
FBR & Co reiterated their outperform rating on shares of Consol Energy Inc. (NYSE:CNX) in a report published on Thursday. FBR & Co currently has a $22.00 price target on the stock, up from their prior price target of $21.00.
CNX has been the topic of several other reports. Barclays PLC boosted their price objective on shares of Consol Energy from $12.00 to $14.00 and gave the company an equal weight rating in a research report on Wednesday, July 13th. Bank of America Corp. raised shares of Consol Energy from an underperform rating to a neutral rating in a research report on Monday, August 15th. KLR Group cut shares of Consol Energy from a buy rating to an accumulate rating and boosted their price objective for the company from $17.00 to $20.00 in a research report on Monday, July 18th. Jefferies Group reaffirmed a buy rating on shares of Consol Energy in a research report on Thursday, August 11th. Finally, Vetr raised shares of Consol Energy from a buy rating to a strong-buy rating and set a $20.30 price objective on the stock in a research report on Wednesday, August 10th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $15.79.
Shares of Consol Energy (NYSE:CNX) traded down 3.652% during midday trading on Thursday, hitting $19.125. The stock had a trading volume of 1,213,458 shares. The company’s 50 day moving average price is $18.39 and its 200-day moving average price is $16.00. Consol Energy has a 1-year low of $4.54 and a 1-year high of $20.66. The firm’s market capitalization is $4.39 billion.
Consol Energy (NYSE:CNX) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.02. The company earned $285.80 million during the quarter, compared to the consensus estimate of $566.84 million. Consol Energy had a negative net margin of 17.27% and a negative return on equity of 3.31%. The company’s revenue was down 47.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.37) earnings per share. Equities analysts predict that Consol Energy will post ($0.45) earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Texas Permanent School Fund boosted its stake in Consol Energy by 127.9% in the first quarter. Texas Permanent School Fund now owns 183,238 shares of the company’s stock valued at $2,069,000 after buying an additional 102,826 shares during the period. Virginia Retirement System purchased a new stake in Consol Energy during the first quarter valued at $331,000. TIAA CREF Investment Management LLC boosted its stake in Consol Energy by 21.7% in the first quarter. TIAA CREF Investment Management LLC now owns 652,842 shares of the company’s stock valued at $7,371,000 after buying an additional 116,207 shares during the period. BlackRock Fund Advisors boosted its stake in Consol Energy by 100.7% in the first quarter. BlackRock Fund Advisors now owns 7,629,117 shares of the company’s stock valued at $86,133,000 after buying an additional 3,827,895 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Consol Energy by 7.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,819,934 shares of the company’s stock valued at $76,997,000 after buying an additional 448,079 shares during the period.
About Consol Energy
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company that operates through two divisions: oil and gas exploration and production (E&P) and coal mining. The principal activity of the E&P division is to produce pipeline quality natural gas for sale primarily to natural gas wholesalers. The E&P division’s segments are Marcellus, Utica, Coalbed Methane, and Other Gas.
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