Brokerages expect CONSOL Energy Inc. (NYSE:CNX) to post sales of $662.69 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for CONSOL Energy’s earnings. The lowest sales estimate is $620.2 million and the highest is $704.88 million. CONSOL Energy reported sales of $285.8 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 131.9%. The firm is expected to report its next quarterly earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that CONSOL Energy will report full year sales of $662.69 million for the current fiscal year, with estimates ranging from $2.53 billion to $2.81 billion. For the next year, analysts forecast that the business will report sales of $2.92 billion per share, with estimates ranging from $2.81 billion to $2.97 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CONSOL Energy.
CONSOL Energy (NYSE:CNX) last released its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $698.71 million during the quarter, compared to the consensus estimate of $648.26 million. CONSOL Energy had a negative return on equity of 2.32% and a negative net margin of 41.33%. The firm’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.43) earnings per share.
Several research analysts recently issued reports on CNX shares. Zacks Investment Research raised CONSOL Energy from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, January 10th. SunTrust Banks, Inc. lowered CONSOL Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Stifel Nicolaus lowered CONSOL Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. KLR Group lowered their price objective on CONSOL Energy from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, February 1st. Finally, Scotiabank reissued a “hold” rating and issued a $24.00 price objective on shares of CONSOL Energy in a research report on Tuesday, February 21st. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.87.
CONSOL Energy (NYSE:CNX) traded down 3.68% during midday trading on Friday, reaching $15.69. The company had a trading volume of 3,626,062 shares. The company’s market capitalization is $3.61 billion. CONSOL Energy has a 12-month low of $12.62 and a 12-month high of $22.34. The stock has a 50-day moving average price of $15.96 and a 200 day moving average price of $17.47.
In other news, Director Maureen Lally-Green bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was acquired at an average cost of $16.97 per share, with a total value of $42,425.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased a total of 22,500 shares of company stock valued at $49,225 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its stake in shares of CONSOL Energy by 15.7% in the first quarter. Pacer Advisors Inc. now owns 28,124 shares of the oil and gas producer’s stock worth $472,000 after buying an additional 3,808 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of CONSOL Energy by 1.2% in the first quarter. Mason Street Advisors LLC now owns 83,462 shares of the oil and gas producer’s stock worth $1,400,000 after buying an additional 1,007 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of CONSOL Energy by 35.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,921 shares of the oil and gas producer’s stock worth $301,000 after buying an additional 4,668 shares during the last quarter. Arlington Capital Management Inc. raised its stake in shares of CONSOL Energy by 4.5% in the first quarter. Arlington Capital Management Inc. now owns 681,027 shares of the oil and gas producer’s stock worth $11,427,000 after buying an additional 29,593 shares during the last quarter. Finally, Oxford Asset Management purchased a new stake in shares of CONSOL Energy during the first quarter worth approximately $847,000.
CONSOL Energy Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.