Consol Energy (NYSE:CEIX) issued its earnings results on Wednesday, May 8th. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.42, Fidelity Earnings reports. Consol Energy had a return on equity of 24.27% and a net margin of 7.04%. The company had revenue of $332.50 million during the quarter, compared to the consensus estimate of $366.50 million. During the same quarter in the prior year, the business earned $2.20 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year.
Shares of NYSE CEIX opened at $26.40 on Friday. Consol Energy has a 52-week low of $26.32 and a 52-week high of $48.12. The company has a market cap of $748.81 million, a price-to-earnings ratio of 4.91 and a beta of 0.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.97.
Several research firms recently commented on CEIX. ValuEngine cut Consol Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 9th. Seaport Global Securities set a $50.00 price target on Consol Energy and gave the stock a “buy” rating in a research note on Saturday, February 9th. Finally, Zacks Investment Research upgraded Consol Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Wednesday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.50.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can raised its stake in Consol Energy by 8.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 35,868 shares of the company’s stock valued at $1,048,000 after buying an additional 2,729 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Consol Energy by 8.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,376 shares of the company’s stock valued at $150,000 after buying an additional 342 shares in the last quarter. Morgan Stanley grew its holdings in shares of Consol Energy by 184.8% during the third quarter. Morgan Stanley now owns 380,879 shares of the company’s stock valued at $15,545,000 after purchasing an additional 247,154 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Consol Energy during the third quarter valued at approximately $7,411,000. Finally, Teachers Advisors LLC grew its holdings in shares of Consol Energy by 62.8% during the third quarter. Teachers Advisors LLC now owns 88,867 shares of the company’s stock valued at $3,627,000 after purchasing an additional 34,271 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.
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About Consol Energy
CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.
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