Jefferies Keeps a Buy Rating on CONSOL Energy

By Austin Angelo

In a report released today, Michael Hsu from Jefferies reiterated a Buy rating on CONSOL Energy (NYSE: CNX), with a price target of $20. The company’s shares opened today at $16.22.

According to TipRanks.com, Hsu is a 1-star analyst with an average return of -4.5% and a 31.6% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Continental Resources, and Gulfport Energy Corp.

Currently, the analyst consensus on CONSOL Energy is Moderate Buy and the average price target is $21.50, representing a 32.6% upside.

In a report issued on May 3, KLR Group also reiterated a Buy rating on the stock with a $24 price target.

Based on CONSOL Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $672 million and GAAP net loss of $38.97 million. In comparison, last year the company earned revenue of $463 million and had a GAAP net loss of $59.21 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CONSOL Energy, Inc. engages in the exploration and production of oil, gas, and coal. It operates through the Exploration and Production; and Coal business divisions. The Exploration and Production business division produces pipeline natural gas for sale primarily to natural gas wholesalers. The Coal business divisions mines, prepares, and markets thermal coal for sale primarily to power generators; as well as offers metallurgical coal to metal and coke producers. The company was founded in 1860 and is headquartered in Canonsburg, PA.