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Wall Street Analyst Forecasts after Consol Energy’s 4Q15 Earnings

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Wall Street analysts’ ratings for Consol Energy

Currently, ~36% of Wall Street analysts rate Consol Energy (CNX) as a “buy,” ~59% of analysts rate it as a “hold,” and ~5% rate the stock a “sell.” The median price target from these recommendations is $11.42, which is ~44% higher than the January 29, 2016, closing price of $7.94.

Based on the median price targets of recommendations from Wall Street analysts, upstream companies Occidental Petroleum (OXY), Cimarex Energy (XEC), and Pioneer Natural Resources (PXD) have potential upsides of ~6%, ~17%, and ~20%, respectively, from their January 29, 2016, closing prices. The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies.

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CNX’s individual recommendations

The above table shows Wall Street analysts’ forecasts for CNX following its latest earnings release. The most recent recommendation of “outperform” comes from BMO Capital Markets, which was issued on January 29, 2016. BMO Capital Markets assigned MUR a target price of $9, which is ~13% higher than the January 29 closing price of $7.94. BMO Capital Markets did not mention any target date for the target price.

Morgan Stanley (MS) assigned CNX the highest target price of $29, which is ~365% higher than the January 29 closing price of $7.94. Morgan Stanley issued its recommendation on January 29 and expects it to reach the target price within the next 12 months from the date of recommendation.

Wall Street analysts expressed concern about CNX’s stock regarding the absence of demand for the catalyst for the Coal segment, falling EBITDA due to lower coal and natural gas realizations, and a stressed balanced sheet.

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