Revenue Update on CONSOL Energy(NYSE:CNX)

CONSOL Energy(NYSE:CNX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $285.80M. Analysts estimated a revenue of $566.84M. Earnings per share were $-0.21. Analysts had estimated an EPS of $-0.22.

In a different note, On Jul 18, 2016, KLR Group said it Downgrades its rating on CONSOL Energy. In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Accumulate’ by the firm. On Jul 13, 2016, Barclays said it Maintains its rating on CONSOL Energy. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Equalweight’ by the firm.

CONSOL Energy (CNX) made into the market gainers list on Fridays trading session with the shares advancing 1.10% or 0.21 points. Due to strong positive momentum, the stock ended at $19.38, which is also near the day’s high of $19.44. The stock began the session at $19.2 and the volume stood at 32,52,586 shares. The 52-week high of the shares is $19.62 and the 52 week low is $4.54. The company has a current market capitalization of $4,445 M and it has 22,93,66,120 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 19, 2016, William N Jr Thorndike (director) purchased 50,000 shares at $16.88 per share price.Also, On Nov 4, 2015, Carl Kristopher Hagedorn (Controller) purchased 3,480 shares at $7.02 per share price.On Oct 30, 2015, Alvin R Carpenter (director) purchased 10,000 shares at $7.04 per share price, according to the Form-4 filing with the securities and exchange commission.

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 645792 million cubic feet per day (Mcfe per day).

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