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.
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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.
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