Todays Report: The FBR & Co Analysts Raise Earnings Estimates for Consol Energy Inc. (CNX)

The FBR & Co Analysts Raise Earnings Estimates for Consol Energy Inc. (CNX)

Consol Energy Inc. (NYSE:CNX) – Analysts at FBR & Co upped their FY2016 earnings per share (EPS) estimates for Consol Energy in a research note issued to investors on Wednesday. FBR & Co analyst L. Pipes now expects that the firm will post earnings of ($0.50) per share for the year, up from their previous forecast of ($0.60). FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Consol Energy’s Q4 2016 earnings at ($0.08) EPS, FY2017 earnings at $0.02 EPS and FY2018 earnings at $0.84 EPS.

Other equities research analysts have also issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a $22.00 price target on shares of Consol Energy in a report on Wednesday, October 19th. Zacks Investment Research raised shares of Consol Energy from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, October 3rd. Vetr lowered shares of Consol Energy from a “strong-buy” rating to a “buy” rating and set a $20.30 price target for the company. in a report on Monday, August 29th. KLR Group raised shares of Consol Energy from an “accumulate” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, November 11th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $29.00 price target on shares of Consol Energy in a report on Tuesday, August 16th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $17.49.

Shares of Consol Energy (NYSE:CNX) opened at 19.64 on Monday. The stock has a 50 day moving average of $18.18 and a 200-day moving average of $17.06. Consol Energy has a one year low of $4.54 and a one year high of $20.66. The stock’s market capitalization is $4.51 billion.

Consol Energy (NYSE:CNX) last announced its earnings results on Tuesday, November 1st. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.28. Consol Energy had a negative net margin of 21.75% and a negative return on equity of 2.79%. The business earned $745.60 million during the quarter, compared to analysts’ expectations of $915.18 million. During the same period in the previous year, the company posted ($0.28) earnings per share. Consol Energy’s quarterly revenue was up 3.4% on a year-over-year basis.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Fund Advisors increased its stake in shares of Consol Energy by 7.7% in the second quarter. BlackRock Fund Advisors now owns 8,215,799 shares of the company’s stock valued at $132,192,000 after buying an additional 586,682 shares in the last quarter. FMR LLC boosted its position in Consol Energy by 2.6% in the second quarter. FMR LLC now owns 7,732,193 shares of the company’s stock valued at $124,411,000 after buying an additional 198,989 shares during the last quarter. State Street Corp boosted its position in Consol Energy by 6.9% in the second quarter. State Street Corp now owns 7,652,889 shares of the company’s stock valued at $123,134,000 after buying an additional 494,343 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Consol Energy by 534.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,587,472 shares of the company’s stock valued at $89,901,000 after buying an additional 4,706,553 shares during the last quarter. Finally, Morgan Stanley boosted its position in Consol Energy by 212.7% in the third quarter. Morgan Stanley now owns 2,787,904 shares of the company’s stock valued at $53,529,000 after buying an additional 1,896,445 shares during the last quarter.

Consol Energy Company Profile

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