CONSOL Energy (CNX) Earning Somewhat Favorable Press Coverage, Analysis Finds
Media headlines about CONSOL Energy (NYSE:CNX) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CONSOL Energy earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 46.9125961427408 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
CONSOL Energy (NYSE CNX) opened at 16.94 on Thursday. CONSOL Energy has a one year low of $13.55 and a one year high of $22.34. The firm’s market cap is $3.90 billion. The firm’s 50-day moving average price is $14.86 and its 200 day moving average price is $15.40.
CONSOL Energy (NYSE:CNX) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The firm 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%. The business’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. On average, equities research analysts forecast that CONSOL Energy will post $0.54 EPS for the current year.
CONSOL Energy declared that its board has authorized a stock buyback program on Tuesday, September 5th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the oil and gas producer to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
CNX has been the topic of a number of research reports. Jefferies Group LLC set a $20.00 price objective on CONSOL Energy and gave the stock a “buy” rating in a report on Monday, August 28th. BidaskClub upgraded CONSOL Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine downgraded CONSOL Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Scotiabank set a $21.00 price objective on CONSOL Energy and gave the stock a “hold” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus set a $26.00 price objective on CONSOL Energy and gave the stock a “buy” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.37.
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In related news, Director J. Palmer Clarkson purchased 10,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $15.40 per share, with a total value of $154,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
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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