Consol Energy Inc. (NYSE:CNX)’s share price traded down 4.4% during mid-day trading on Monday . The stock traded as low as $18.51 and last traded at $18.52, with a volume of 4,179,784 shares trading hands. The stock had previously closed at $19.38.

A number of analysts recently issued reports on the company. Scotiabank reissued a “sector perform” rating and set a $22.00 target price (up from $20.00) on shares of Consol Energy in a research note on Wednesday, July 27th. Jefferies Group increased their target price on Consol Energy from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Howard Weil increased their target price on Consol Energy from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 27th. 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 note on Monday, July 18th. Finally, KLR Group cut Consol Energy from a “buy” rating to an “accumulate” rating and increased their target price for the stock from $17.00 to $20.00 in a research note on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. Consol Energy currently has an average rating of “Hold” and an average target price of $15.34.

The stock’s market capitalization is $4.25 billion. The firm has a 50 day moving average price of $16.13 and a 200-day moving average price of $12.60.

Consol Energy (NYSE:CNX) last issued its quarterly earnings results 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. During the same quarter last year, the business posted ($0.37) EPS. The firm had revenue of $285.80 million for the quarter, compared to analyst estimates of $566.84 million. The firm’s revenue for the quarter was down 47.6% on a year-over-year basis. On average, analysts forecast that Consol Energy Inc. will post ($0.44) EPS for the current fiscal year.

In other Consol Energy news, major shareholder David Einhorn sold 7,000,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $15.01, for a total transaction of $105,070,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Other hedge funds and institutional investors recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position 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 last quarter. Trexquant Investment LP bought a new position in shares of Consol Energy during the fourth quarter valued at $1,590,000. State of Tennessee Treasury Department raised its position 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 last quarter. Rhumbline Advisers raised its position 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 last quarter. Finally, California Public Employees Retirement System raised its position in shares of Consol Energy by 19.9% in the fourth quarter. California Public Employees Retirement System now owns 767,546 shares of the company’s stock valued at $6,064,000 after buying an additional 127,300 shares during 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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