Consol Energy Inc. (CNX) Trading Up 1.7%
Consol Energy Inc. (NYSE:CNX)’s share price was up 1.7% during trading on Friday . The company traded as high as $17.19 and last traded at $17.05, with a volume of 1,331,782 shares. The stock had previously closed at $16.76.
A number of equities analysts have commented on CNX shares. KLR Group started coverage on Consol Energy in a research note on Monday, April 4th. They set a “buy” rating and a $17.00 price objective on the stock. Barclays PLC raised their price objective on Consol Energy from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Zacks Investment Research lowered Consol Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Sterne Agee CRT restated a “buy” rating on shares of Consol Energy in a research note on Monday, May 16th. Finally, FBR & Co reiterated a “buy” rating on shares of Consol Energy in a research note on Tuesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.70.
The stock’s 50-day moving average price is $15.26 and its 200 day moving average price is $11.73. The firm’s market cap is $3.94 billion.
Consol Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. The business earned $558.50 million during the quarter, compared to analysts’ expectations of $693.56 million. During the same quarter last year, the business posted $0.37 EPS. The company’s quarterly revenue was down 29.5% on a year-over-year basis. On average, analysts predict that Consol Energy Inc. will post ($0.55) earnings per share for the current fiscal year.
In related news, major shareholder David Einhorn sold 173,910 shares of the stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $15.17, for a total value of $2,638,214.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Several large investors have modified their holdings of the company. 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 worth $1,239,000 after buying an additional 125,793 shares during the period. Trexquant Investment LP purchased a new position in Consol Energy during the fourth quarter worth approximately $1,590,000. Commerzbank Aktiengesellschaft FI boosted its position in Consol Energy by 85.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 201,998 shares of the company’s stock worth $1,596,000 after buying an additional 93,028 shares in the last quarter. State of Tennessee Treasury Department boosted its position in Consol Energy by 83.5% in the fourth quarter. State of Tennessee Treasury Department now owns 204,341 shares of the company’s stock worth $1,614,000 after buying an additional 92,955 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Consol Energy by 6.7% in the fourth quarter. Rhumbline Advisers now owns 303,788 shares of the company’s stock worth $2,400,000 after buying an additional 19,208 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.
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