Research Analysts Offer Predictions for Consol Energy Inc.’s FY2017 Earnings (CNX)
Consol Energy Inc. (NYSE:CNX) – Stock analysts at FBR & Co increased their FY2017 EPS estimates for Consol Energy in a research note issued to investors on Thursday. FBR & Co analyst L. Pipes now forecasts that the firm will post earnings of ($0.02) per share for the year, up from their prior forecast of ($0.14). FBR & Co has a “Outperform” rating and a $22.00 price objective on the stock. FBR & Co also issued estimates for Consol Energy’s FY2018 earnings at $0.40 EPS.
Consol Energy (NYSE:CNX) last posted its earnings results on Tuesday, July 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.02. The company had revenue of $285.80 million for the quarter, compared to analysts’ expectations of $566.84 million. Consol Energy had a negative return on equity of 3.31% and a negative net margin of 17.27%. The company’s revenue was down 47.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.37) EPS.
A number of other analysts have also weighed in on CNX. Zacks Investment Research lowered shares of Consol Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Barclays PLC increased their price objective on shares of Consol Energy from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 13th. KLR Group lowered shares of Consol Energy from a “buy” rating to an “accumulate” rating and increased their price objective for the stock from $17.00 to $20.00 in a research report on Monday, July 18th. Howard Weil increased their price objective on shares of Consol Energy from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 27th. Finally, Jefferies Group increased their price objective on shares of Consol Energy from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $16.01.
Shares of Consol Energy (NYSE:CNX) opened at 18.70 on Monday. Consol Energy has a 52-week low of $4.54 and a 52-week high of $20.66. The firm’s 50 day moving average price is $18.41 and its 200 day moving average price is $16.06. The stock’s market cap is $4.29 billion.
A number of large investors have recently bought and sold shares of CNX. Advisor Group Inc. purchased a new stake in Consol Energy during the second quarter worth approximately $105,000. Bank of Montreal Can purchased a new stake in Consol Energy during the second quarter worth approximately $109,000. Creative Planning boosted its stake in Consol Energy by 48.4% in the third quarter. Creative Planning now owns 7,215 shares of the company’s stock worth $139,000 after buying an additional 2,354 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Consol Energy during the second quarter worth approximately $117,000. Finally, Gargoyle Investment Advisor L.L.C. purchased a new stake in Consol Energy during the second quarter worth approximately $166,000.
Consol Energy Company Profile
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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