Consol Energy Inc. (CNX) Trading Up 4.2%
Consol Energy Inc. (NYSE:CNX) shares were up 4.2% during trading on Wednesday . The stock traded as high as $16.66 and last traded at $16.49, with a volume of 4,258,890 shares trading hands. The stock had previously closed at $15.82.
Several research analysts have recently commented on CNX shares. Bank of America Corp. reissued an “underperform” rating on shares of Consol Energy in a research note on Thursday, March 17th. KLR Group started coverage on shares of Consol Energy in a research note on Monday, April 4th. They issued a “buy” rating and a $17.00 price objective for the company. FBR & Co reissued a “buy” rating on shares of Consol Energy in a research note on Tuesday, May 3rd. Sterne Agee CRT reissued a “buy” rating on shares of Consol Energy in a research note on Monday, May 16th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Consol Energy in a research note on Sunday, June 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $13.40.
The company’s 50-day moving average price is $14.64 and its 200 day moving average price is $11.32. The firm’s market cap is $3.80 billion.
Consol Energy (NYSE:CNX) last posted its earnings results 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 had revenue of $558.50 million for the quarter, compared to analyst estimates of $693.56 million. During the same period last year, the company posted $0.37 EPS. The firm’s revenue for the quarter was down 29.5% compared to the same quarter last year. Equities analysts predict that Consol Energy Inc. will post ($0.57) earnings per share 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 that occurred on Wednesday, June 1st. The stock was sold at an average price of $15.01, for a total value of $105,070,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Several large investors have recently bought and sold shares of CNX. Trexquant Investment LP bought a new stake in shares of Consol Energy during the fourth quarter valued at $1,590,000. Principal Financial Group Inc. raised 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. Caymus Capital Partners L.P. bought a new stake in shares of Consol Energy during the fourth quarter valued at $11,789,000. Gamco Investors INC. ET AL raised its position in shares of Consol Energy by 54.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 830,371 shares of the company’s stock worth $6,560,000 after buying an additional 291,998 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its position 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 worth $1,596,000 after buying an additional 93,028 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.