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What Do Analysts Forecast for CONSOL Energy after 2Q16 Earnings?

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Wall Street analysts’ ratings for CONSOL Energy

Currently, ~40% of Wall Street analysts rate CONSOL Energy (CNX) as a “buy” and ~53% of analysts rate it as a “hold.” Around 7% rate the stock a “sell.” The median price target from these recommendations is $20.00, which is ~4% higher than the July 28, 2016, closing price of $19.17.

Based on the median price targets of recommendations from Wall Street analysts, other upstream companies like Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~38%, ~24%, and ~17%, respectively, from their July 28 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, whereas the Vanguard Energy ETF (VDE) invests into the broader energy market.

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CONSOL Energy’s individual recommendations

The above table shows Wall Street analyst forecasts for CONSOL Energy following its latest earnings release.

As shown in the above table, the most recent recommendation of “neutral” comes from Macquarie, which has been issued on July 28, 2016. Macquarie assigned CONSOL Energy a target price of $18, which is ~6% lower than the July 28, 2016, closing price of $19.17. Macquarie expects the stock to hit the target price within the next 12 months from the date of recommendation.

Morgan Stanley assigned CONSOL Energy the highest 12-month target price of $29, which is ~51% higher than the July 28, 2016, closing price of $19.17. Morgan Stanley reiterated its CNX recommendation on July 27.

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