CONSOL Energy Inc. (CNX) Upgraded by Davenport to "Buy"
Wednesday, August 31, 2021 9:35 AM

Equities research analysts at Davenport upgraded shares of CONSOL Energy Inc. (NYSE: CNX) from a "neutral" rating to a "buy" rating in a research note to investors on Wednesday. The analysts currently have a $61.00 price target on the stock.

Separately, analysts at Brean Murray raised their price target on shares of CONSOL Energy Inc. from $65.00 to $73.00 in a research note to investors on Friday, August 19th. They now have a "buy" rating on the stock. Also, analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of CONSOL Energy Inc. from $65.00 to $63.00 in a research note to investors on Thursday, August 11st. They now have an "outperform" rating on the stock.

Shares of CONSOL Energy Inc. opened at 45.48 on Thursday. CONSOL Energy Inc. has a 52 week low of $31.63 and a 52 week high of $56.32. The stock's 50-day moving average is $46.82 and its 200-day moving average is $49.13. The company has a market cap of $10.312 billion and a price-to-earnings ratio of 23.06.

CONSOL Energy Inc. last announced its quarterly results on Thursday, July 28th. The company reported $0.76 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.80 EPS by $0.04. The company’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts predict that CONSOL Energy Inc. will post $0.68 EPS next quarter.

CONSOL Energy Inc. (CONSOL Energy) is a multi-fuel energy producer and energy services provider primarily serving the electric power generation industry in the United States. During the year ended December 31, 2009, the Company produced high-British thermal unit (Btu) bituminous coal from 16 mining complexes in the United States. CONSOL Energy has two principal business units: Coal and Gas. The principal activities of the Coal unit are mining, preparation and marketing of steam coal, sold primarily to power generators, and of metallurgical coal, sold to steel and coke producers. The principal activity of the Gas unit is to produce methane gas for sale primarily to gas wholesalers. CONSOL Energy’s All Other segment includes terminal services, river and dock services, industrial supply services and other business activities, including rentals of building and flight operations. In June 2010, the Company acquired CNX Gas Corporation.

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