CONSOL Energy Inc. (CNX) Scheduled to Post Earnings on Tuesday

CONSOL Energy Inc. (NYSE:CNX) is set to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect CONSOL Energy to post earnings of $0.12 per share for the quarter.

CONSOL Energy (NYSE:CNX) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $865.95 million during the quarter, compared to analysts’ expectations of $678.79 million. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. The company’s revenue for the quarter was up 202.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.21) earnings per share. On average, analysts expect CONSOL Energy to post $0.51 EPS for the current fiscal year and $0.99 EPS for the next fiscal year.

CONSOL Energy Inc. (NYSE CNX) opened at 16.32 on Friday. CONSOL Energy Inc. has a 52 week low of $13.55 and a 52 week high of $22.34. The firm’s 50-day moving average is $16.10 and its 200-day moving average is $15.49. The company’s market cap is $3.75 billion.

CONSOL Energy announced that its board has initiated a stock buyback program on Tuesday, September 5th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/29/consol-energy-inc-cnx-scheduled-to-post-earnings-on-tuesday.html.

In related news, Director J. Palmer Clarkson acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $15.40 per share, with a total value of $154,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of CONSOL Energy from a “sell” rating to a “hold” rating in a research report on Friday. SunTrust Banks, Inc. set a $17.00 price target on shares of CONSOL Energy and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 price target on shares of CONSOL Energy in a research report on Friday, October 13th. Jefferies Group LLC reiterated a “buy” rating and set a $20.00 price target on shares of CONSOL Energy in a research report on Tuesday, October 10th. Finally, Scotiabank reiterated a “hold” rating on shares of CONSOL Energy in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. CONSOL Energy currently has an average rating of “Hold” and an average price target of $20.97.

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.

Earnings History for CONSOL Energy (NYSE:CNX)

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.

Leave a Reply