CONSOL Energy Inc. (CNX) Given a $26.00 Price Target by Stifel Nicolaus Analysts
CONSOL Energy Inc. (NYSE:CNX) received a $26.00 price target from stock analysts at Stifel Nicolaus in a report released on Friday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 77.60% from the stock’s current price.
CNX has been the subject of several other research reports. Scotiabank set a $21.00 target price on CONSOL Energy and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised CONSOL Energy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Monday, July 24th. BidaskClub raised CONSOL Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Jefferies Group LLC set a $20.00 target price on CONSOL Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, FBR & Co reaffirmed a “buy” rating on shares of CONSOL Energy in a research report on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.97.
Shares of CONSOL Energy (CNX) opened at 14.64 on Friday. CONSOL Energy has a 52 week low of $13.55 and a 52 week high of $22.34. The firm’s market capitalization is $3.37 billion. The firm has a 50 day moving average price of $15.39 and a 200-day moving average price of $15.61.
CONSOL Energy (NYSE:CNX) last issued its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The business had revenue of $865.95 million during the quarter, compared to analysts’ expectations 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 revenue was up 202.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.21) earnings per share. Equities research analysts predict that CONSOL Energy will post $0.61 EPS for the current fiscal year.
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In other news, Director J. Palmer Clarkson acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average cost of $15.40 per share, for a total transaction of $154,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in CNX. ANTIPODES PARTNERS Ltd raised its position in CONSOL Energy by 117.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 2,806,977 shares of the oil and gas producer’s stock valued at $41,936,000 after buying an additional 1,516,289 shares during the period. Ardevora Asset Management LLP raised its position in CONSOL Energy by 44.0% in the second quarter. Ardevora Asset Management LLP now owns 1,552,600 shares of the oil and gas producer’s stock valued at $23,196,000 after buying an additional 474,100 shares during the period. James Investment Research Inc. raised its position 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 valued at $121,000 after buying an additional 662 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in CONSOL Energy by 139.3% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 129,140 shares of the oil and gas producer’s stock valued at $2,166,000 after buying an additional 75,168 shares during the period. Finally, Credit Agricole S A raised its position in CONSOL Energy by 78.9% in the first quarter. Credit Agricole S A now owns 40,446 shares of the oil and gas producer’s stock valued at $679,000 after buying an additional 17,844 shares during the period.
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.
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