CONSOL Energy Received its Third Buy in a Row

By Ryan Adsit

After FBR Capital and Jefferies assigned a Buy rating to CONSOL Energy in the last month, the company received another Buy, this time from KLR Group. Analyst John Gerdes upgraded CONSOL Energy (NYSE: CNX) to Buy today. The company’s shares closed yesterday at $17.63.

According to, Gerdes is a 4-star analyst with an average return of 5.2% and a 54.3% success rate. Gerdes covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Whiting Petroleum Corp., and Rosetta Resources Inc.

Currently, the analyst consensus on CONSOL Energy is Moderate Buy and the average price target is $22, representing a 24.8% upside.

In a report issued on November 1, FBR Capital also reiterated a Buy rating on the stock.

The company has a one year high of $20.66 and a one year low of $4.54. Currently, CONSOL Energy has an average volume of 4.51M.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2016, David Einhorn, a Major Shareholder at CNX sold 7,000,000 shares for a total of $105,070,000.

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