Press coverage about CONSOL Energy (NYSE:CNX) has trended somewhat positive on Saturday, according to Alpha One. The research group, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CONSOL Energy earned a news sentiment score of 0.09 on Alpha One’s scale. Alpha One also gave press coverage about the oil and gas producer an impact score of 71 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Alpha One Sentiment Analysis’s scoring:
A number of brokerages have recently weighed in on CNX. Jefferies Group LLC set a $22.00 price objective on CONSOL Energy and gave the company a “buy” rating in a report on Saturday, March 4th. Scotiabank set a $24.00 price objective on CONSOL Energy and gave the company a “hold” rating in a report on Saturday, April 22nd. KLR Group reissued a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of CONSOL Energy in a report on Wednesday. Barclays PLC reissued an “equal weight” rating and issued a $18.00 price objective (down from $20.00) on shares of CONSOL Energy in a report on Saturday, April 22nd. Finally, Stifel Nicolaus lowered CONSOL Energy from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.87.
Shares of CONSOL Energy (NYSE:CNX) traded up 5.78% during mid-day trading on Friday, hitting $15.74. The stock had a trading volume of 3,485,803 shares. The firm’s market cap is $3.61 billion. The firm has a 50 day moving average price of $15.96 and a 200 day moving average price of $17.47. CONSOL Energy has a 52-week low of $12.62 and a 52-week high of $22.34.
CONSOL Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $698.71 million for the quarter, compared to analysts’ expectations of $648.26 million. CONSOL Energy had a negative return on equity of 2.32% and a negative net margin of 41.33%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) EPS. Equities analysts predict that CONSOL Energy will post $0.41 EPS for the current year.
In related news, Director Maureen Lally-Green purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were purchased at an average price of $16.97 per share, for a total transaction of $42,425.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.
CONSOL Energy Company Profile
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.