Analyst Rating Update on CONSOL Energy (CNX)

CONSOL Energy (CNX) has an average broker rating of 2, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

CONSOL Energy (CNX) : 10 Wall Street analysts covering CONSOL Energy (CNX) believe that the average level the stock could reach for the short term is $20.3. The maximum price target given is $29 and the minimum target for short term is around $14, hence the standard deviation is calculated at $4.6.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Jefferies maintains its rating on CONSOL Energy (NYSE:CNX). As per the latest information, the brokerage house raises the price target to $20 per share from a prior target of $19. The shares have been rated Buy. The rating by the firm was issued on July 27, 2016.


CONSOL Energy (NYSE:CNX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.50 and $18.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.82, notching a gain of 2.28% for the day. The total traded volume was 3,128,916 . The stock had closed at $18.40 on the previous day.

CONSOL Energy Inc. is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (E&P), and coal mining. The E&P division is focused on natural gas and liquids activities, including production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin (Pennsylvania, West Virginia, Ohio, Virginia and Tennessee). The coal division is focused on the extraction and preparation of coal, in the Appalachian Basin. It holds two joint ventures, one with Noble Energy, Inc. in the Marcellus Shale and one with a subsidiary of Hess Corporation in the Utica Shale. Its gas operations include Marcellus Shale, Utica Shale, Coalbed Methane and Other Gas properties. Its coal mining division includes Pennsylvania (PA) operations coal segment, Virginia (VA) operations coal segment and other coal segment. As of December 31, 2014, the Company has a total production of 645,792 million cubic feet per day (Mcfe per day).

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