CONSOL Energy Inc. (NYSE:CNX) – Equities researchers at Jefferies Group dropped their Q2 2017 EPS estimates for shares of CONSOL Energy in a research note issued on Wednesday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas producer will post earnings per share of ($0.01) for the quarter, down from their prior estimate of $0.09. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for CONSOL Energy’s FY2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.30 EPS and Q4 2018 earnings at $0.32 EPS.
CONSOL Energy (NYSE:CNX) last posted its earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.06. The company had revenue of $698.71 million during the quarter, compared to analysts’ expectations of $648.26 million. CONSOL Energy had a negative return on equity of 2.32% and a negative net margin of 41.33%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.43) earnings per share. ILLEGAL ACTIVITY WARNING: “CONSOL Energy Inc. (CNX) Forecasted to Post Q2 2017 Earnings of ($0.01) Per Share” was first published by Mideast Time and is the property of of Mideast Time. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.mideasttime.com/consol-energy-inc-cnx-forecasted-to-post-q2-2017-earnings-of-0-01-per-share/1709222.html.
Several other brokerages also recently weighed in on CNX. Stifel Nicolaus downgraded CONSOL Energy from a “buy” rating to a “hold” rating in a report on Monday, January 30th. SunTrust Banks, Inc. downgraded CONSOL Energy from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Scotiabank reiterated a “hold” rating and issued a $24.00 price target on shares of CONSOL Energy in a report on Tuesday, February 21st. KLR Group cut their price target on CONSOL Energy from $25.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, February 1st. Finally, FBR & Co reiterated a “buy” rating on shares of CONSOL Energy in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $22.67.
Shares of CONSOL Energy (NYSE:CNX) opened at 16.08 on Friday. The firm’s market cap is $3.70 billion. The firm’s 50-day moving average price is $16.06 and its 200 day moving average price is $17.38. CONSOL Energy has a 1-year low of $12.69 and a 1-year high of $22.34.
Several hedge funds have recently added to or reduced their stakes in CNX. AQR Capital Management LLC increased its stake in shares of CONSOL Energy by 3,116.0% in the fourth quarter. AQR Capital Management LLC now owns 2,172,973 shares of the oil and gas producer’s stock valued at $39,613,000 after buying an additional 2,105,406 shares in the last quarter. Morgan Stanley increased its stake in shares of CONSOL Energy by 212.7% in the third quarter. Morgan Stanley now owns 2,787,904 shares of the oil and gas producer’s stock valued at $53,529,000 after buying an additional 1,896,445 shares in the last quarter. Scopia Capital Management LP bought a new stake in shares of CONSOL Energy during the third quarter valued at about $27,041,000. Shelton Capital Management increased its stake in shares of CONSOL Energy by 5,355.9% in the fourth quarter. Shelton Capital Management now owns 1,080,000 shares of the oil and gas producer’s stock valued at $354,000 after buying an additional 1,060,205 shares in the last quarter. Finally, State Street Corp increased its stake in shares of CONSOL Energy by 13.2% in the first quarter. State Street Corp now owns 7,651,383 shares of the oil and gas producer’s stock valued at $128,389,000 after buying an additional 892,265 shares in the last quarter.
About CONSOL Energy
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.
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