CONSOL Energy Inc. (CNX) PT Set at $20.00 by Jefferies Group LLC
CONSOL Energy Inc. (NYSE:CNX) has been given a $20.00 price target by equities researchers at Jefferies Group LLC in a research report issued on Monday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Jefferies Group LLC’s price target suggests a potential upside of 38.03% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. Zacks Investment Research cut CONSOL Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $26.00 price objective on shares of CONSOL Energy in a report on Friday, July 14th. Scotiabank set a $21.00 price objective on CONSOL Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. FBR & Co reissued a “buy” rating on shares of CONSOL Energy in a report on Thursday, May 18th. Finally, Barclays PLC reissued a “hold” rating on shares of CONSOL Energy in a report on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.97.
CONSOL Energy (NYSE CNX) opened at 14.49 on Monday. The company’s 50-day moving average is $15.39 and its 200-day moving average is $15.61. The company’s market cap is $3.33 billion. CONSOL Energy has a 12 month low of $13.55 and a 12 month high of $22.34.
CONSOL Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $865.95 million for 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%. The firm’s quarterly revenue was up 202.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.21) EPS. On average, equities research analysts anticipate that CONSOL Energy will post $0.61 earnings per share for the current year.
In other news, Director J. Palmer Clarkson acquired 10,000 shares of CONSOL Energy stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average cost of $15.40 per share, for a total transaction of $154,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CNX. Southeastern Asset Management Inc. TN raised its position in CONSOL Energy by 0.9% in the second quarter. Southeastern Asset Management Inc. TN now owns 50,917,034 shares of the oil and gas producer’s stock valued at $760,701,000 after buying an additional 441,482 shares during the last quarter. Vanguard Group Inc. raised its position in CONSOL Energy by 0.8% in the second quarter. Vanguard Group Inc. now owns 13,822,103 shares of the oil and gas producer’s stock valued at $206,502,000 after buying an additional 112,638 shares during the last quarter. Dimensional Fund Advisors LP raised its position in CONSOL Energy by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 9,493,977 shares of the oil and gas producer’s stock valued at $141,844,000 after buying an additional 1,003,459 shares during the last quarter. State Street Corp raised its position in CONSOL Energy by 13.2% in the first quarter. State Street Corp now owns 7,651,383 shares of the oil and gas producer’s stock valued at $128,389,000 after buying an additional 892,265 shares during the last quarter. Finally, 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 last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.
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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