News stories about CONSOL Energy (NYSE:CNX) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CONSOL Energy earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 46.09778330405 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Short Interest in CONSOL Energy Inc. (CNX) Drops By 53.3% (americanbankingnews.com)
- CONSOL Energy Inc. (CNX) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- CONSOL Energy Breaks Below 200-Day Moving Average – Notable for CNX (nasdaq.com)
- CONSOL Energy Inc. (CNX) to Post Q1 2019 Earnings of $0.34 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Hot Stock to Track: CONSOL Energy Inc (NYSE: CNX) – Alpha Beta Stock (alphabetastock.com)
CONSOL Energy (NYSE:CNX) opened at 15.87 on Monday. The company’s market capitalization is $3.65 billion. CONSOL Energy has a 1-year low of $13.55 and a 1-year high of $22.34. The firm’s 50-day moving average is $15.77 and its 200-day moving average is $15.53.
CONSOL Energy (NYSE:CNX) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. The business had revenue of $865.95 million for the quarter, compared to the consensus estimate of $678.79 million. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. CONSOL Energy’s quarterly revenue was up 202.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.21) earnings per share. Equities research analysts predict that CONSOL Energy will post $0.53 EPS for the current year.
CONSOL Energy announced that its Board of Directors has initiated a stock repurchase program on Tuesday, September 5th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Several research firms have issued reports on CNX. Zacks Investment Research downgraded shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Stifel Nicolaus restated a “buy” rating and issued a $24.00 target price on shares of CONSOL Energy in a research note on Friday. Scotiabank set a $21.00 target price on shares of CONSOL Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. BidaskClub downgraded shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Susquehanna Bancshares Inc upped their target price on shares of CONSOL Energy from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.37.
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In related news, Director J. Palmer Clarkson acquired 10,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $15.40 per share, for a total transaction of $154,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.
About CONSOL Energy
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.
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