Consol Energy Inc. (NYSE:CNX) – FBR & Co upped their FY2016 earnings per share (EPS) estimates for shares of Consol Energy in a research note issued on Wednesday. FBR & Co analyst L. Pipes now expects that the brokerage will post earnings per share of ($0.50) for the year, up from their previous forecast of ($0.60). FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Consol Energy’s Q4 2016 earnings at ($0.08) EPS, FY2017 earnings at $0.02 EPS and FY2018 earnings at $0.84 EPS.

Consol Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, November 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.28. The company had revenue of $745.60 million for the quarter, compared to analyst estimates of $915.18 million. Consol Energy had a negative return on equity of 2.79% and a negative net margin of 21.75%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.28) EPS. ILLEGAL ACTIVITY NOTICE: “FBR & Co Analysts Raise Earnings Estimates for Consol Energy Inc. (CNX)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2016/11/28/fbr-co-analysts-raise-earnings-estimates-for-consol-energy-inc-cnx.html.

Earnings History and Estimates for Consol Energy (NYSE:CNX)

Several other research analysts have also recently weighed in on CNX. Jefferies Group reiterated a “buy” rating and set a $22.00 price objective on shares of Consol Energy in a research report on Wednesday, October 19th. Vetr cut Consol Energy from a “strong-buy” rating to a “buy” rating and set a $20.30 price objective on the stock. in a research report on Monday, August 29th. Zacks Investment Research cut Consol Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Morgan Stanley reiterated a “hold” rating and set a $29.00 price objective on shares of Consol Energy in a research report on Tuesday, August 16th. Finally, Bank of America Corp. upgraded Consol Energy from an “underperform” rating to a “neutral” rating in a research report on Monday, August 15th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Consol Energy has an average rating of “Buy” and an average target price of $17.49.

Consol Energy (NYSE:CNX) opened at 19.64 on Monday. The company’s 50-day moving average is $18.18 and its 200 day moving average is $17.06. Consol Energy has a 12 month low of $4.54 and a 12 month high of $20.66. The firm’s market cap is $4.51 billion.

Several hedge funds have recently made changes to their positions in CNX. Advisor Group Inc. purchased a new stake in shares of Consol Energy during the second quarter worth approximately $105,000. Bank of Montreal Can bought a new position in Consol Energy during the second quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Consol Energy by 11.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,003 shares of the company’s stock worth $134,000 after buying an additional 718 shares in the last quarter. Riverhead Capital Management LLC raised its position in Consol Energy by 63.0% in the third quarter. Riverhead Capital Management LLC now owns 7,100 shares of the company’s stock worth $136,000 after buying an additional 2,744 shares in the last quarter. Finally, Creative Planning raised its position 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 in the last quarter.

ILLEGAL ACTIVITY NOTICE: “FBR & Co Analysts Raise Earnings Estimates for Consol Energy Inc. (CNX)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2016/11/28/fbr-co-analysts-raise-earnings-estimates-for-consol-energy-inc-cnx.html.

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.

5 Day Chart for NYSE:CNX

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