What Analysts Are Saying about Consol Energy before 4Q16 Earnings



Analyst recommendations

Currently, 13 analysts are covering Consol Energy (CNX) stock. Four of them have recommended a “strong buy” for the stock, two have recommended a “buy,” and seven have recommended a “hold.” There are no “sell” or “strong sell” recommendations.

Article continues below advertisement

Estimated target price

Analysts’ median target price for Consol Energy is $23, which is ~18.0% higher than its January 25, 2017, closing price of $19.54. The mean target price for CNX from these recommendations is $22.58, which is slightly lower than the median target price.

How CNX’s recommendations have changed in the last three months

In the last three months, analysts’ “strong buy” recommendations for CNX have risen from three to four. The “buy” ratings for the stock have fallen from three to two, and the “hold” ratings have risen from six to seven. Recommendations for “sell” and “strong sell” have remained unchanged.

In the last three months, Consol Energy’s median and mean target prices have risen. During the same period of time, its median target price has risen from $22 to $23, and its mean target price has risen from $21.42 to $22.58.

Other oil and gas producers

Based on Wall Street analysts’ mean price targets for other oil and gas companies, Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Encana (ECA) have potential upsides of ~29.0%, ~44.0%, and ~9.0%, respectively, from their January 25, 2017, closing prices.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80.0% of its total assets in oil and gas exploration companies. The Energy Select Sector SPDR ETF (XLE) usually invests at least 95.0% of its total assets in oil and gas companies.


More From Market Realist