Consol Energy Inc. (NYSE:CNX)‘s stock had its “sector perform” rating reissued by analysts at Scotiabank in a report released on Wednesday. They presently have a $22.00 price objective on the stock, up from their prior price objective of $20.00. Scotiabank’s target price would indicate a potential upside of 16.46% from the stock’s current price.
Shares of Consol Energy (NYSE:CNX) traded up 2.94% during trading on Wednesday, hitting $18.89. 7,370,626 shares of the company traded hands. The company has a 50-day moving average of $15.63 and a 200-day moving average of $12.23. The stock’s market capitalization is $4.33 billion. Consol Energy has a 52-week low of $4.54 and a 52-week high of $19.62.
Consol Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.02. The company earned $285.80 million during the quarter, compared to analysts’ expectations of $566.84 million. The company’s revenue was down 47.6% on a year-over-year basis. During the same period last year, the firm earned ($0.37) earnings per share. Equities analysts expect that Consol Energy will post ($0.44) EPS for the current year.
Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Gargoyle Investment Advisor L.L.C. bought a new position in Consol Energy during the second quarter worth about $166,000. Traynor Capital Management Inc. raised its position in Consol Energy by 5.3% in the second quarter. Traynor Capital Management Inc. now owns 19,861 shares of the company’s stock worth $314,000 after buying an additional 1,000 shares during the last quarter. Bank of Montreal Can bought a new position in Consol Energy during the second quarter worth about $109,000. Meeder Asset Management Inc. raised its position in Consol Energy by 20.7% in the second quarter. Meeder Asset Management Inc. now owns 86,217 shares of the company’s stock worth $1,387,000 after buying an additional 14,768 shares during the last quarter. Finally, Oakbrook Investments LLC bought a new position in Consol Energy during the second quarter worth about $191,000.
A number of other analysts also recently issued reports on the company. Jefferies Group raised their price objective on Consol Energy from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday. Howard Weil lifted their target price on Consol Energy from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Wednesday. Zacks Investment Research raised Consol Energy from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, July 18th. KLR Group downgraded Consol Energy from a “buy” rating to an “accumulate” rating and lifted their target price for the company from $17.00 to $20.00 in a research report on Monday, July 18th. Finally, Barclays PLC lifted their target price on Consol Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.34.
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company that operates through two divisions: oil and gas exploration and production (E&P) and coal mining. The principal activity of the E&P division is to produce pipeline quality natural gas for sale primarily to natural gas wholesalers. The E&P division’s segments are Marcellus, Utica, Coalbed Methane, and Other Gas.
