CONSOL Energy Inc. (CNX) Lowered to Sell at ValuEngine
ValuEngine cut shares of CONSOL Energy Inc. (NYSE:CNX) from a hold rating to a sell rating in a research note published on Friday morning.
Several other research firms have also commented on CNX. Barclays PLC reaffirmed a hold rating on shares of CONSOL Energy in a research report on Wednesday, May 24th. Jefferies Group LLC set a $20.00 price target on shares of CONSOL Energy and gave the company a buy rating in a research report on Wednesday, May 17th. BidaskClub lowered shares of CONSOL Energy from a hold rating to a sell rating in a research report on Monday, August 14th. Stifel Nicolaus set a $26.00 price target on shares of CONSOL Energy and gave the company a buy rating in a research report on Friday, August 25th. 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 issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $21.97.
Shares of CONSOL Energy (NYSE CNX) traded up 1.58% during midday trading on Friday, reaching $14.78. The company’s stock had a trading volume of 2,595,194 shares. The stock’s 50 day moving average price is $15.28 and its 200 day moving average price is $15.51. CONSOL Energy has a one year low of $13.55 and a one year high of $22.34. The firm’s market cap is $3.40 billion.
CONSOL Energy (NYSE:CNX) last released its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, topping the Zacks’ 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 negative net margin of 5.42% and a positive return on equity of 1.09%. The business’s revenue was up 202.8% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. Analysts predict that CONSOL Energy will post $0.61 earnings per share for the current year.
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In related news, Director J. Palmer Clarkson bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $15.40 per share, for a total transaction of $154,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Key Group Holdings Cayman LTD. increased its stake in CONSOL Energy by 3,182.6% in the second quarter. Key Group Holdings Cayman LTD. now owns 1,721,238 shares of the oil and gas producer’s stock valued at $25,715,000 after buying an additional 1,668,802 shares during the period. ANTIPODES PARTNERS Ltd increased its stake 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. Canada Pension Plan Investment Board increased its stake in CONSOL Energy by 742.1% in the second quarter. Canada Pension Plan Investment Board now owns 1,552,569 shares of the oil and gas producer’s stock valued at $23,195,000 after buying an additional 1,368,200 shares during the period. Bank of Montreal Can increased its stake in CONSOL Energy by 12,407.3% in the second quarter. Bank of Montreal Can now owns 1,018,348 shares of the oil and gas producer’s stock valued at $15,213,000 after buying an additional 1,010,206 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 period. Hedge funds and other institutional investors 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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