CONSOL Energy Inc. (CNX) Rating Reiterated by Jefferies Group LLC

CONSOL Energy Inc. (NYSE:CNX)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a research note issued to investors on Tuesday. They currently have a $20.00 price target on the oil and gas producer’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 20.34% from the stock’s current price.

CNX has been the topic of several other reports. Scotiabank set a $21.00 price objective on CONSOL Energy and gave the company a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised CONSOL Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, July 24th. ValuEngine lowered CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised CONSOL Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $26.00 price objective on shares of CONSOL Energy in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.37.

CONSOL Energy (NYSE:CNX) remained flat at $16.62 on Tuesday. 735,818 shares of the stock traded hands. The stock has a 50-day moving average price of $15.54 and a 200-day moving average price of $15.53. The stock’s market cap is $3.82 billion. CONSOL Energy has a 12-month low of $13.55 and a 12-month high of $22.34.

CONSOL Energy (NYSE:CNX) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $865.95 million for the quarter, compared to analyst estimates of $678.79 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. CONSOL Energy’s revenue was up 202.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) earnings per share. On average, analysts anticipate that CONSOL Energy will post $0.53 EPS for the current year.

CONSOL Energy declared that its Board of Directors has initiated a share buyback program on Tuesday, September 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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In related news, Director J. Palmer Clarkson acquired 10,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of $15.40 per share, for a total transaction of $154,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Creative Planning increased its holdings in CONSOL Energy by 59.0% in the second quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 2,686 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CONSOL Energy by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock worth $114,000 after purchasing an additional 631 sha

CNX has been the topic of several other reports. Scotiabank set a $21.00 price objective on CONSOL Energy and gave the company a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised CONSOL Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, July 24th. ValuEngine lowered CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised CONSOL Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $26.00 price objective on shares of CONSOL Energy in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.37.

CONSOL Energy (NYSE:CNX) remained flat at $16.62 on Tuesday. 735,818 shares of the stock traded hands. The stock has a 50-day moving average price of $15.54 and a 200-day moving average price of $15.53. The stock’s market cap is $3.82 billion. CONSOL Energy has a 12-month low of $13.55 and a 12-month high of $22.34.

CONSOL Energy (NYSE:CNX) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $865.95 million for the quarter, compared to analyst estimates of $678.79 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. CONSOL Energy’s revenue was up 202.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) earnings per share. On average, analysts anticipate that CONSOL Energy will post $0.53 EPS for the current year.

CONSOL Energy declared that its Board of Directors has initiated a share buyback program on Tuesday, September 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

WARNING: This piece of content was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/consol-energy-inc-cnx-rating-reiterated-by-jefferies-group-llc.html.

In related news, Director J. Palmer Clarkson acquired 10,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of $15.40 per share, for a total transaction of $154,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Creative Planning increased its holdings in CONSOL Energy by 59.0% in the second quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 2,686 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CONSOL Energy by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock worth $114,000 after purchasing an additional 631 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in CONSOL Energy in the first quarter worth approximately $136,000. Two Sigma Securities LLC bought a new stake in CONSOL Energy in the first quarter worth approximately $169,000. Finally, Trexquant Investment LP bought a new stake in CONSOL Energy in the first quarter worth approximately $176,000. Institutional investors and hedge funds own 99.84% of the company’s stock.

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.

Analyst Recommendations for CONSOL Energy (NYSE:CNX)

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