FBR Capital Keeps a Buy Rating on CONSOL Energy

By Ryan Adsit

In a report released yesterday, Joseph Allman from FBR Capital reiterated a Buy rating on CONSOL Energy (NYSE: CNX). The company’s shares opened today at $16.07.

According to TipRanks.com, Allman is ranked 0 out of 5 stars with an average return of -7.1% and a 33.6% success rate. Allman covers the Basic Materials sector, focusing on stocks such as Approach Resources Inc, Whiting Petroleum Corp, and Continental Resources.

Currently, the analyst consensus on CONSOL Energy is Moderate Buy and the average price target is $21.50, representing a 33.8% upside.

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

The company has a one year high of $22.34 and a one year low of $12.69. Currently, CONSOL Energy has an average volume of 3.38M.

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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.