Consol Energy Inc. (CNX) Stock Price Down 0.9%
Consol Energy Inc. (NYSE:CNX) traded down 0.9% during trading on Monday . The company traded as low as $16.86 and last traded at $17.03, with a volume of 1,592,888 shares changing hands. The stock had previously closed at $17.19.
A number of equities research analysts recently commented on the stock. BMO Capital Markets restated a “buy” rating on shares of Consol Energy in a research report on Sunday, June 12th. FBR & Co reiterated a “buy” rating on shares of Consol Energy in a research report on Tuesday, May 3rd. Sterne Agee CRT reiterated a “buy” rating on shares of Consol Energy in a research report on Monday, May 16th. Zacks Investment Research downgraded shares of Consol Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Finally, KLR Group downgraded shares of Consol Energy from a “buy” rating to an “accumulate” rating and lifted their price target for the company from $17.00 to $20.00 in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.16.
The stock’s 50 day moving average is $15.32 and its 200 day moving average is $11.86. The company’s market capitalization is $3.89 billion.
Consol Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, April 26th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. The company had revenue of $558.50 million for the quarter, compared to the consensus estimate of $693.56 million. During the same quarter last year, the business posted $0.37 earnings per share. Consol Energy’s revenue was down 29.5% on a year-over-year basis. Equities analysts predict that Consol Energy Inc. will post ($0.55) earnings per share for the current fiscal year.
In other news, major shareholder David Einhorn sold 7,000,000 shares of Consol Energy stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $15.01, for a total transaction of $105,070,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised 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 during the period. Trexquant Investment LP purchased a new stake in shares of Consol Energy during the fourth quarter valued at $1,590,000. Commerzbank Aktiengesellschaft FI raised 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 during the period. State of Tennessee Treasury Department raised its stake in shares of Consol Energy by 83.5% in the fourth quarter. State of Tennessee Treasury Department now owns 204,341 shares of the company’s stock valued at $1,614,000 after buying an additional 92,955 shares during the period. Finally, Rhumbline Advisers raised 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 during the period.
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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