Consol Energy Inc. (CNX) Stock Price Down 2.5%
Shares of Consol Energy Inc. (NYSE:CNX) were down 2.5% during mid-day trading on Friday . The company traded as low as $17.24 and last traded at $17.31, with a volume of 1,462,576 shares. The stock had previously closed at $17.76.
A number of analysts recently issued reports on CNX shares. Jefferies Group increased their target price on shares of Consol Energy from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Scotiabank reaffirmed a “sector perform” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Consol Energy in a research report on Wednesday, July 27th. Zacks Investment Research downgraded shares of Consol Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. BMO Capital Markets reaffirmed a “buy” rating on shares of Consol Energy in a research report on Sunday, June 12th. Finally, Howard Weil increased their price objective on shares of Consol Energy from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $16.01.
The firm’s market cap is $3.95 billion. The company’s 50-day moving average price is $17.20 and its 200 day moving average price is $13.28.
Consol Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. The business earned $285.80 million during the quarter, compared to the consensus estimate of $566.84 million. During the same quarter in the prior year, the company posted ($0.37) earnings per share. The firm’s revenue for the quarter was down 47.6% on a year-over-year basis. On average, equities research analysts predict that Consol Energy Inc. will post ($0.46) EPS for the current fiscal year.
In other Consol Energy news, major shareholder David Einhorn sold 7,000,000 shares of Consol Energy 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 sale was disclosed in a filing with the SEC, which is available through this link.
Other hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in Consol Energy during the fourth quarter worth about $1,590,000. State of Tennessee Treasury Department boosted its stake in Consol Energy by 83.5% in the fourth quarter. State of Tennessee Treasury Department now owns 204,341 shares of the company’s stock worth $1,614,000 after buying an additional 92,955 shares in the last quarter. Rhumbline Advisers boosted its stake in Consol Energy by 6.7% in the fourth quarter. Rhumbline Advisers now owns 303,788 shares of the company’s stock worth $2,400,000 after buying an additional 19,208 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its stake in Consol Energy by 2.2% in the fourth quarter. BlackRock Advisors LLC now owns 10,024,790 shares of the company’s stock worth $79,196,000 after buying an additional 216,791 shares in 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.