Consol Energy Inc (CEIX) Receives Consensus Recommendation of “Strong Buy” from Analysts

Consol Energy Inc (NYSE:CEIX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $42.75 for the company and are forecasting that the company will post $0.82 earnings per share for the current quarter, according to Zacks. Zacks has also given Consol Energy an industry rank of 84 out of 265 based on the ratings given to its competitors.

CEIX has been the topic of several recent analyst reports. Stifel Nicolaus cut their price target on shares of Consol Energy from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. B. Riley reaffirmed a “buy” rating on shares of Consol Energy in a report on Thursday, November 30th. Finally, Seaport Global Securities initiated coverage on shares of Consol Energy in a research note on Thursday, November 30th. They set a “buy” rating and a $32.00 target price for the company.

Consol Energy (NYSE:CEIX) traded up $0.78 on Friday, reaching $32.99. 252,941 shares of the company traded hands, compared to its average volume of 393,321. Consol Energy has a 1 year low of $19.51 and a 1 year high of $41.89.

In other Consol Energy news, Director John T. Mills bought 4,000 shares of the stock in a transaction on Friday, December 8th. The stock was purchased at an average price of $24.16 per share, for a total transaction of $96,640.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of hedge funds have recently added to or reduced their stakes in CEIX. QS Investors LLC bought a new stake in Consol Energy during the fourth quarter valued at $135,000. Sasco Capital Inc. CT bought a new stake in Consol Energy during the fourth quarter valued at $142,000. American International Group Inc. bought a new stake in Consol Energy during the fourth quarter valued at $148,000. Tower Research Capital LLC TRC bought a new stake in Consol Energy during the fourth quarter valued at $162,000. Finally, SG Americas Securities LLC bought a new stake in Consol Energy during the fourth quarter valued at $184,000. Hedge funds and other institutional investors own 3.73% of the company’s stock.

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About Consol Energy

CONSOL Energy Inc, formerly CONSOL Mining Corporation, is engaged in the natural gas exploration and production business. The Company is a producer and exporter of high-Btu bituminous thermal and crossover metallurgical coal. It holds interest in the Pennsylvania Mining Complex (PMC) and related coal assets, terminal operations at the Port of Baltimore.

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