Susquehanna Trims CONSOL Energy Inc. (CNX) Target Price to $7.00
CONSOL Energy Inc. (NYSE:CNX) had its target price reduced by Susquehanna from $8.50 to $7.00 in a research report sent to investors on Tuesday, Market Beat.com reports. They currently have a neutral rating on the stock.
In other news, Director William N. Thorndike, Jr. acquired 30,000 shares of CONSOL Energy stock in a transaction on Tuesday, November 17th. The shares were purchased at an average price of $7.78 per share, with a total value of $233,400.00. Following the acquisition, the director now owns 92,397 shares in the company, valued at $718,848.66. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Several hedge funds and institutional investors recently bought and sold shares of CNX. Russell Frank Co increased its position in CONSOL Energy by 953.7% in the fourth quarter. Russell Frank Co now owns 898,193 shares of the company’s stock worth $6,988,000 after buying an additional 812,953 shares during the period. Candriam Luxembourg S.C.A. bought a new position in CONSOL Energy during the fourth quarter worth $5,312,000. ICON Advisers bought a new position in CONSOL Energy during the third quarter worth $4,625,000. Capstone Asset Management Company increased its position in CONSOL Energy by 795.7% in the fourth quarter. Capstone Asset Management Company now owns 121,115 shares of the company’s stock worth $957,000 after buying an additional 107,593 shares during the period. Finally, KBC Group increased its position in CONSOL Energy by 238.4% in the third quarter. KBC Group now owns 76,767 shares of the company’s stock worth $752,000 after buying an additional 54,081 shares during the period.
Shares of CONSOL Energy (NYSE:CNX) traded up 17.63% during mid-day trading on Tuesday, reaching $7.94. The company’s stock had a trading volume of 21,642,091 shares. The company has a 50 day moving average of $7.02 and a 200-day moving average of $10.57. The firm’s market capitalization is $1.82 billion. CONSOL Energy has a 12 month low of $4.54 and a 12 month high of $34.56.
CONSOL Energy (NYSE:CNX) last posted its quarterly earnings data on Friday, January 29th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.02. During the same period in the previous year, the company earned $0.25 earnings per share. The company earned $761.90 million during the quarter, compared to analyst estimates of $717.26 million. Equities research analysts forecast that CONSOL Energy will post ($0.39) EPS for the current year.
Several other equities analysts have also issued reports on CNX. Barclays restated a hold rating on shares of CONSOL Energy in a research note on Friday, January 8th. Stifel Nicolaus lowered their price target on CONSOL Energy from $17.00 to $14.00 and set a buy rating on the stock in a research note on Wednesday, January 20th. Zacks Investment Research lowered CONSOL Energy from a hold rating to a strong sell rating in a research note on Friday, December 18th. BMO Capital Markets lowered their price target on CONSOL Energy from $20.00 to $10.00 in a research note on Wednesday, October 28th. Finally, Citigroup Inc. lowered their price target on CONSOL Energy from $13.00 to $12.00 and set a neutral rating on the stock in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $15.98.
CONSOL Energy Inc. is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (NYSE:CNX), and coal mining. The E&P division is focused on natural gas and liquids activities, including production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin (Pennsylvania, West Virginia, Ohio, Virginia and Tennessee). The coal division is focused on the extraction and preparation of coal, in the Appalachian Basin. It holds two joint ventures, one with Noble Energy, Inc. in the Marcellus Shale and one with a subsidiary of Hess Corporation in the Utica Shale. Its gas operations include Marcellus Shale, Utica Shale, Coalbed Methane and Other Gas properties. Its coal mining division includes Pennsylvania (PA) operations coal segment, Virginia (VA) operations coal segment and other coal segment. As of December 31, 2014, the Company has a total production of 645,792 million cubic feet per day (Mcfe per day).
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 MarketBeat.com's FREE daily email newsletter.






