CONSOL Energy Inc. (CNX) Downgraded by BidaskClub to Sell
BidaskClub lowered shares of CONSOL Energy Inc. (NYSE:CNX) from a hold rating to a sell rating in a research report sent to investors on Monday.
Other analysts have also issued research reports about the company. Zacks Investment Research raised CONSOL Energy from a hold rating to a buy rating and set a $18.00 price target on the stock in a research note on Monday, July 24th. Jefferies Group LLC set a $20.00 price target on CONSOL Energy and gave the company a buy rating in a research note on Wednesday, July 19th. Stifel Nicolaus reaffirmed a buy rating and issued a $26.00 price target on shares of CONSOL Energy in a research note on Friday, July 14th. FBR & Co reaffirmed a buy rating on shares of CONSOL Energy in a research note on Thursday, May 18th. Finally, KLR Group reaffirmed a buy rating and issued a $24.00 price target (up previously from $22.00) on shares of CONSOL Energy in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $22.57.
Shares of CONSOL Energy (CNX) traded down 0.07% during midday trading on Monday, reaching $14.41. The company’s stock had a trading volume of 1,051,745 shares. CONSOL Energy has a 52-week low of $13.55 and a 52-week high of $22.34. The stock has a 50 day moving average price of $15.56 and a 200-day moving average price of $15.79. The company’s market capitalization is $3.32 billion.
CONSOL Energy (NYSE:CNX) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The business had revenue of $865.95 million for the quarter, compared to analyst estimates of $678.79 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. CONSOL Energy’s quarterly revenue was up 202.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.21) EPS. Equities research analysts expect that CONSOL Energy will post $0.65 EPS for the current year.
In other news, Director J. Palmer Clarkson bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $15.40 per share, for a total transaction of $154,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. James Investment Research Inc. increased its stake in CONSOL Energy by 10.1% in the first quarter. James Investment Research Inc. now owns 7,222 shares of the oil and gas producer’s stock worth $121,000 after buying an additional 662 shares during the last quarter. Creative Planning increased its stake in CONSOL Energy by 59.0% in the second quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 2,686 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CONSOL Energy by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock worth $114,000 after buying an additional 631 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in CONSOL Energy during the first quarter worth $136,000. Finally, Two Sigma Securities LLC purchased a new stake in CONSOL Energy during the first quarter worth $169,000.
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.
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