Today: Today, Consol Energy Inc. Expected to Post FY2017 Earnings of ($0.02) Per Share (CNX)

Today, Consol Energy Inc. Expected to Post FY2017 Earnings of ($0.02) Per Share (CNX)

Consol Energy Inc. (NYSE:CNX) – Equities researchers at FBR & Co lifted their FY2017 earnings estimates for Consol Energy in a report released on Thursday. FBR & Co analyst L. Pipes now expects that the brokerage will post earnings per share of ($0.02) for the year, up from their previous forecast of ($0.14). FBR & Co has a “Outperform” rating and a $22.00 price objective on the stock. FBR & Co also issued estimates for Consol Energy’s FY2018 earnings at $0.40 EPS.

Consol Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.02. Consol Energy had a negative net margin of 17.27% and a negative return on equity of 3.31%. The business earned $285.80 million during the quarter, compared to analyst estimates of $566.84 million. During the same period in the previous year, the company posted ($0.37) earnings per share. Consol Energy’s revenue was down 47.6% compared to the same quarter last year.

A number of other brokerages have also commented on CNX. Zacks Investment Research upgraded Consol Energy from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, October 3rd. Scotiabank reiterated a “sector perform” rating and set a $22.00 price objective (up from $20.00) on shares of Consol Energy in a research note on Wednesday, July 27th. Howard Weil increased their price objective 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. Jefferies Group increased their price objective on Consol Energy from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Vetr lowered Consol Energy from a “strong-buy” rating to a “buy” rating and set a $20.30 price objective for the company. in a research note on Thursday, August 18th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Consol Energy currently has a consensus rating of “Buy” and a consensus price target of $16.01.

Shares of Consol Energy (NYSE:CNX) traded down 0.623% during midday trading on Monday, reaching $18.335. 771,526 shares of the company’s stock were exchanged. The company’s market capitalization is $4.21 billion. The firm has a 50-day moving average of $18.42 and a 200-day moving average of $16.18. Consol Energy has a 1-year low of $4.54 and a 1-year high of $20.66.

Institutional investors have recently modified their holdings of the company. Utah Retirement Systems raised its stake in Consol Energy by 0.7% in the second quarter. Utah Retirement Systems now owns 41,371 shares of the company’s stock worth $666,000 after buying an additional 300 shares in the last quarter. World Asset Management Inc raised its stake in Consol Energy by 3.3% in the second quarter. World Asset Management Inc now owns 15,181 shares of the company’s stock worth $244,000 after buying an additional 487 shares in the last quarter. State Treasurer State of Michigan raised its stake in Consol Energy by 0.7% in the second quarter. State Treasurer State of Michigan now owns 92,000 shares of the company’s stock worth $1,480,000 after buying an additional 600 shares in the last quarter. Prudential Financial Inc. raised its stake in Consol Energy by 0.7% in the second quarter. Prudential Financial Inc. now owns 138,203 shares of the company’s stock worth $2,224,000 after buying an additional 900 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its stake in Consol Energy by 5.3% in the second quarter. Traynor Capital Management Inc. now owns 19,861 shares of the company’s stock worth $314,000 after buying an additional 1,000 shares in the last quarter.

Consol Energy Company Profile

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