CRT Capital Cuts CONSOL Energy to Buy (CNX)

By admin | 6 years ago

CONSOL Energy (NYSE: CNX) was downgraded by analysts at CRT Capital to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently weighed in on CNX. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of CONSOL Energy in a research note to investors on Tuesday, April 17th. Separately, analysts at Credit Suisse (NYSE: CS) downgraded shares of CONSOL Energy from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, April 13rd. They now have a $40.00 price target on the stock. Finally, analysts at Howard Weil cut their price target on shares of CONSOL Energy from $54.00 to $44.00 in a research note to investors on Friday, March 23rd. They now have an “outperform” rating on the stock.

CONSOL Energy traded down 0.06% on Friday, hitting $32.66. CONSOL Energy has a 52-week low of $29.85 and a 52-week high of $55.33. The company has a market cap of $7.417 billion and a price-to-earnings ratio of 11.84.

The company last announced its quarterly results on Thursday, April 26th. It reported $0.42 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.58 EPS by $0.16. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts expect that CONSOL Energy will post $0.46 EPS next quarter.

CONSOL Energy Inc. (CONSOL Energy) is a producer of coal and natural gas for global energy and raw material markets, which include the electric power generation industry and the steelmaking industry.

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