News articles about CONSOL Energy (NYSE:CNX) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CONSOL Energy earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 47.0308042753894 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
CONSOL Energy (NYSE:CNX) opened at 15.68 on Friday. CONSOL Energy has a 52-week low of $13.55 and a 52-week high of $22.34. The firm’s market cap is $3.61 billion. The company has a 50 day moving average price of $14.91 and a 200-day moving average price of $15.40.
CONSOL Energy (NYSE:CNX) last released its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $865.95 million during the quarter, compared to the consensus estimate of $678.79 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. The firm’s quarterly revenue was up 202.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) earnings per share. Equities research analysts anticipate that CONSOL Energy will post $0.53 EPS for the current year.
CONSOL Energy announced that its board has approved a share repurchase plan on Tuesday, September 5th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
CNX has been the topic of a number of research analyst reports. Barclays PLC reissued a “hold” rating on shares of CONSOL Energy in a report on Wednesday, May 24th. BidaskClub lowered CONSOL Energy from a “hold” rating to a “sell” rating in a report on Monday, August 14th. ValuEngine lowered CONSOL Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Stifel Nicolaus set a $26.00 price target on CONSOL Energy and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC set a $20.00 target price on CONSOL Energy and gave the stock a “buy” rating in a report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $21.74.
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In related news, Director J. Palmer Clarkson acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $15.40 per share, for a total transaction of $154,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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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