CONSOL Energy Inc. (CNX) PT Set at $17.00 by SunTrust Banks, Inc.

CONSOL Energy Inc. (NYSE:CNX) received a $17.00 price objective from analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Tuesday, October 17th. The brokerage presently has a “hold” rating on the oil and gas producer’s stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 4.17% from the stock’s previous close.

Several other research analysts have also weighed in on CNX. Scotiabank set a $21.00 price objective on CONSOL Energy and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub lowered CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Susquehanna Bancshares Inc increased their price objective on CONSOL Energy from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 25th. Zacks Investment Research cut CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus restated a “buy” rating and set a $24.00 price target on shares of CONSOL Energy in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.97.

Shares of CONSOL Energy (NYSE:CNX) traded up 3.62% during mid-day trading on Tuesday, reaching $16.32. The company’s stock had a trading volume of 4,339,829 shares. The company has a 50-day moving average price of $16.01 and a 200 day moving average price of $15.49. CONSOL Energy has a 52-week low of $13.55 and a 52-week high of $22.34. The company’s market cap is $3.75 billion.

CONSOL Energy (NYSE:CNX) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $865.95 million during 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%. The business’s revenue was up 202.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.21) earnings per share. Equities analysts expect that CONSOL Energy will post $0.48 earnings per share for the current year.

CONSOL Energy announced that its Board of Directors has approved a share buyback plan on Tuesday, September 5th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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In related news, Director J. Palmer Clarkson purchased 10,000 shares of CONSOL Energy 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 SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Creative Planning lifted its position in shares of CONSOL Energy by 59.0% during the 2nd quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 2,686 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CONSOL Energy by 9.0% during the 2nd 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 during the last quarter. FNY Managed Accounts LLC acquired a new position in shares of CONSOL Energy during the 1st quarter worth approximately $136,000. Two Sigma Securities LLC acquired a new position in shares of CONSOL Energy during the 1st quarter worth approximately $169,000. Finally, Soros Fund Management LLC acquired a new position in shares of CONSOL Energy during the 1st quarter worth approximately $188,000. Institutional investors 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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