Consol Energy Inc. (NYSE:CNX) dropped 6% during trading on Tuesday . The stock traded as low as $15.03 and last traded at $15.41, with a volume of 2,932,999 shares traded. The stock had previously closed at $16.40.

CNX has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Consol Energy from a “hold” rating to a “sell” rating in a research report on Monday. BMO Capital Markets reaffirmed a “buy” rating on shares of Consol Energy in a research note on Sunday, June 12th. FBR & Co reaffirmed a “buy” rating on shares of Consol Energy in a research note on Tuesday, May 3rd. Bank of America Corp. reaffirmed an “underperform” rating on shares of Consol Energy in a research note on Thursday, March 17th. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of Consol Energy in a research note on Monday, May 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.40.

The stock has a 50 day moving average price of $14.70 and a 200 day moving average price of $11.36. The stock’s market capitalization is $3.70 billion.

Consol Energy (NYSE:CNX) last announced its earnings results on Tuesday, April 26th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The firm had revenue of $558.50 million for the quarter, compared to the consensus estimate of $693.56 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s quarterly revenue was down 29.5% compared to the same quarter last year. On average, equities analysts expect that Consol Energy Inc. will post ($0.57) earnings per share for the current fiscal year.

In related news, major shareholder David Einhorn sold 7,000,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $15.01, for a total transaction of $105,070,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Several large investors recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in shares of Consol Energy by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 334,473 shares of the company’s stock valued at $2,642,000 after buying an additional 5,300 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Consol Energy by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 437,507 shares of the company’s stock valued at $3,456,000 after buying an additional 6,857 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Consol Energy by 6.7% in the fourth quarter. Rhumbline Advisers now owns 303,788 shares of the company’s stock valued at $2,400,000 after buying an additional 19,208 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Consol Energy by 85.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 201,998 shares of the company’s stock valued at $1,596,000 after buying an additional 93,028 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Consol Energy by 402.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 157,059 shares of the company’s stock valued at $1,239,000 after buying an additional 125,793 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.