Electricity and natural gas provider Consol Energy Inc. ( CNX ) on Thursday saw its price target and earnings estimates lowered by analysts UBS.
The firm said it now expects CNX shares to reach $84, suggesting a still-massive 84% upside to the stock's Wednesday closing price of $45.56.
UBS also maintained its "Buy" rating on CNX but lowered its earnings estimates, citing lower natural gas forecasts.
Consol Energy shares were unchanged in premarket trading Thursday.
The Bottom Line
Shares of Consol Energy ( CNX ) have a .88% dividend yield, based on last night's closing stock price of $45.56. The stock has technical support in the $40-$41 price area. If the shares can firm up, we see overhead resistance around the $48-$50 price levels.
Consol Energy Inc. ( CNX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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