Consol Energy Inc. (CNX) Trading Down 0.9%
Shares of Consol Energy Inc. (NYSE:CNX) were down 0.9% on Monday . The stock 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.
Several analysts recently weighed in on CNX shares. Zacks Investment Research downgraded Consol Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. BMO Capital Markets restated a “buy” rating on shares of Consol Energy in a research note on Sunday, June 12th. FBR & Co restated a “buy” rating on shares of Consol Energy in a research note on Tuesday, May 3rd. KLR Group downgraded Consol Energy from a “buy” rating to an “accumulate” rating and increased their target price for the company from $17.00 to $20.00 in a research note on Monday. Finally, Sterne Agee CRT reiterated a “buy” rating on shares of Consol Energy in a research report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Consol Energy has a consensus rating of “Hold” and an average price target of $14.16.
The stock’s market capitalization is $3.75 billion. The company’s 50 day moving average is $15.36 and its 200-day moving average is $11.89.
Consol Energy (NYSE:CNX) last posted its earnings results on Tuesday, April 26th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.02. The firm earned $558.50 million during the quarter, compared to analyst estimates of $693.56 million. Consol Energy’s revenue for the quarter was down 29.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Equities analysts predict that Consol Energy Inc. will post ($0.47) earnings per share for the current fiscal year.
In other news, major shareholder David Einhorn sold 173,910 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Several large investors recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted 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 bought a new stake in shares of Consol Energy during the fourth quarter valued at about $1,590,000. Commerzbank Aktiengesellschaft FI boosted 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 boosted 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 boosted 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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