Jefferies Group Comments on CONSOL Energy Inc.’s FY2017 Earnings (CNX)
CONSOL Energy Inc. (NYSE:CNX) – Stock analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for shares of CONSOL Energy in a report released on Tuesday. Jefferies Group analyst Z. Parham now anticipates that the oil and gas producer will post earnings of $0.38 per share for the year, down from their previous estimate of $0.39. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for CONSOL Energy’s Q4 2017 earnings at $0.05 EPS, Q2 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $0.91 EPS.
CONSOL Energy (NYSE:CNX) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. The firm had revenue of $865.95 million for the quarter, compared to analysts’ expectations of $678.79 million. During the same period in the previous year, the firm earned ($0.21) EPS. The business’s quarterly revenue was up 202.8% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Jefferies Group Comments on CONSOL Energy Inc.’s FY2017 Earnings (CNX)” was published by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/jefferies-group-comments-on-consol-energy-inc-s-fy2017-earnings-cnx/1532958.html.
A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus set a $26.00 price target on CONSOL Energy and gave the stock a “buy” rating in a report on Friday, August 25th. Scotiabank set a $22.00 price target on CONSOL Energy and gave the stock a “hold” rating in a report on Tuesday, August 22nd. BidaskClub cut CONSOL Energy from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research cut CONSOL Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, ValuEngine cut CONSOL Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CONSOL Energy presently has a consensus rating of “Hold” and a consensus target price of $21.97.
CONSOL Energy (CNX) opened at 14.34 on Wednesday. The stock’s 50 day moving average price is $15.39 and its 200-day moving average price is $15.61. The stock’s market capitalization is $3.30 billion. CONSOL Energy has a 52-week low of $13.55 and a 52-week high of $22.34.
A number of large investors have recently made changes to their positions in the stock. Southeastern Asset Management Inc. TN boosted its stake in shares of CONSOL Energy by 0.9% in the second quarter. Southeastern Asset Management Inc. TN now owns 50,917,034 shares of the oil and gas producer’s stock worth $760,701,000 after buying an additional 441,482 shares during the period. Vanguard Group Inc. boosted its stake in shares of CONSOL Energy by 0.8% in the second quarter. Vanguard Group Inc. now owns 13,822,103 shares of the oil and gas producer’s stock worth $206,502,000 after buying an additional 112,638 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of CONSOL Energy by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 9,493,977 shares of the oil and gas producer’s stock worth $141,844,000 after buying an additional 1,003,459 shares during the period. State Street Corp boosted 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 worth $128,389,000 after buying an additional 892,265 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its stake in shares of CONSOL Energy by 117.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 2,806,977 shares of the oil and gas producer’s stock worth $41,936,000 after buying an additional 1,516,289 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.
In related news, Director J. Palmer Clarkson bought 10,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $15.40 per share, for a total transaction of $154,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for CONSOL Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CONSOL Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.