Nomura Securities Maintains a 'Buy' on CONSOL Energy (CNX); Reducing 2012/13 Estimates
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Price: $35.72 +0.96%
Rating Summary:
9 Buy, 17 Hold, 7 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 17 Hold, 7 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on CONSOL Energy (NYSE: CNX) price target of $45.00.
Analyst, Curt Woodworth, said, "Reducing 2012 EPS estimate from $2.90 to $1.30. Consol’s low vol coking coal segment generated ~$720 million in EBITDA during the strong 2011 market and we now forecast this number at $359 million for 2012. We have also revised our assumptions lower to account for the idling of Blacksville No. 2 as well as a more conservative outlook for high-vol met coal volumes. Our 2013E EPS goes from $2.50 to $1.75. Consol has taken a very proactive approach to managing the difficult end market environment, and as a result, we see less risk for additional EPS cuts over the course of the year."
For an analyst ratings summary and ratings history on CONSOL Energy click here. For more ratings news on CONSOL Energy click here.
Shares of CONSOL Energy closed at $32.90 yesterday.
Analyst, Curt Woodworth, said, "Reducing 2012 EPS estimate from $2.90 to $1.30. Consol’s low vol coking coal segment generated ~$720 million in EBITDA during the strong 2011 market and we now forecast this number at $359 million for 2012. We have also revised our assumptions lower to account for the idling of Blacksville No. 2 as well as a more conservative outlook for high-vol met coal volumes. Our 2013E EPS goes from $2.50 to $1.75. Consol has taken a very proactive approach to managing the difficult end market environment, and as a result, we see less risk for additional EPS cuts over the course of the year."
For an analyst ratings summary and ratings history on CONSOL Energy click here. For more ratings news on CONSOL Energy click here.
Shares of CONSOL Energy closed at $32.90 yesterday.
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