Brokerage Firm Rating Update on CONSOL Energy (CNX)

CONSOL Energy (CNX) : 10 analysts are covering CONSOL Energy (CNX) and their average rating on the stock is 2, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CONSOL Energy (CNX) : Currently there are 9 street experts covering CONSOL Energy (CNX) stock. The most bullish and bearish price target for the stock is $29 and $18 respectively for the short term. The average price target of all the analysts comes to $22. The estimated standard deviation from the target is $3.24.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Bank of America, upgrades their rating on the shares of CONSOL Energy (NYSE:CNX). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 15, 2016.

CONSOL Energy (NYSE:CNX): stock was range-bound between the intraday low of $18.56 and the intraday high of $19.76 after having opened at $19.31 on Wednesdays session. The stock finally closed in the red at $19.31, a loss of -3.22%. The stock remained in the red for the whole trading day. The total traded volume was 3,847,479 shares. The stock failed to cross $19.76 in Wednesdays trading. The stocks closing price on Thursday was $19.24.

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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