B.Riley FBR analyst Lucas Pipes reiterated a Buy rating on CONSOL Energy Inc (NYSE: CEIX) today and set a price target of $48. The company’s shares opened today at $44.76, close to its 52-week high of $48.12.
According to TipRanks.com, Pipes is a 5-star analyst with an average return of 9.2% and a 63.5% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.
Currently, the analyst consensus on CONSOL Energy Inc is a Moderate Buy with an average price target of $46.67, representing a 4.3% upside. In a report released yesterday, Seaport Global also reiterated a Buy rating on the stock with a $52 price target.
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Based on CONSOL Energy Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $45.16 million. In comparison, last year the company had a net profit of $47.93 million.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.
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CONSOL Energy Inc. engages in the production of bituminous coal. It operates through the Pennsylvania Mining Complex (PAMC) and Other segments. The PAMC segment consists of mining, preparation, and marketing of thermal coal, sold primarily to power generators.
