Consol Energy Inc. (CNX) Trading 1.7% Higher
Consol Energy Inc. (NYSE:CNX) traded up 1.7% on Friday . The company traded as high as $17.19 and last traded at $17.05, with a volume of 1,331,782 shares trading hands. The stock had previously closed at $16.76.
A number of equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of Consol Energy in a research note on Sunday, June 12th. FBR & Co reaffirmed a “buy” rating on shares of Consol Energy in a research note on Tuesday, May 3rd. Sterne Agee CRT reaffirmed a “buy” rating on shares of Consol Energy in a research note on Monday, May 16th. Zacks Investment Research downgraded shares of Consol Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Finally, Barclays PLC raised their target price on shares of Consol Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday. 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 company has a consensus rating of “Hold” and a consensus price target of $13.70.
The firm’s market capitalization is $3.94 billion. The firm has a 50-day moving average price of $15.20 and a 200 day moving average price of $11.67.
Consol Energy (NYSE:CNX) last announced its quarterly earnings data on Tuesday, April 26th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. During the same period last year, the company earned $0.37 EPS. The business earned $558.50 million during the quarter, compared to the consensus estimate of $693.56 million. The business’s revenue was down 29.5% compared to the same quarter last year. On average, equities research analysts forecast that Consol Energy Inc. will post ($0.55) earnings per share for the current year.
In other Consol Energy news, major shareholder David Einhorn sold 7,000,000 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website.
A number of institutional investors have made changes to their positions in the stock. State of Tennessee Treasury Department increased 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 period. Trexquant Investment LP purchased a new position in Consol Energy during the fourth quarter worth about $1,590,000. Gamco Investors INC. ET AL increased its position in 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 last quarter. Commerzbank Aktiengesellschaft FI increased 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 during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in 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 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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