Nomura Reiterates Buy on CONSOL Energy (CNX)

By admin | 7 years ago

CONSOL Energy (NYSE: CNX)‘s stock had its “buy” rating restated by equities researchers at Nomura (NYSE: NMR) in a report issued on Friday.

Shares of CONSOL Energy traded down 0.49% during mid-day trading on Friday, hitting $32.52. CONSOL Energy has a one year low of $29.85 and a one year high of $55.33. The company has a market cap of $7.385 billion and a P/E 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. On average, analysts predict that CONSOL Energy will post $0.46 earnings per share next quarter.

CNX has been the subject of a number of other recent research reports. Analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of CONSOL Energy in a research note on Friday. They now have a “neutral” rating and a $38.00 price target on the stock. Separately, analysts at Brean Murray reiterated a “buy” rating on shares of CONSOL Energy in a research note to investors on Friday. Finally, analysts at CRT Capital downgraded shares of CONSOL Energy to a “buy” rating in a research note to investors on Friday.

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.

About the author