Consol Energy Inc (NYSE:CEIX) – Equities researchers at B. Riley lowered their Q1 2019 earnings estimates for shares of Consol Energy in a research note issued on Monday, February 11th. B. Riley analyst L. Pipes now anticipates that the company will earn $0.70 per share for the quarter, down from their prior forecast of $0.76. B. Riley has a “Buy” rating and a $50.00 price objective on the stock. B. Riley also issued estimates for Consol Energy’s Q2 2019 earnings at $0.84 EPS.
Consol Energy (NYSE:CEIX) last announced its earnings results on Friday, February 8th. The company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.65. The firm had revenue of $347.80 million for the quarter, compared to the consensus estimate of $352.30 million. Consol Energy had a return on equity of 34.43% and a net margin of 9.99%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.04) EPS.
CEIX has been the topic of several other reports. Seaport Global Securities set a $50.00 target price on Consol Energy and gave the stock a “buy” rating in a report on Saturday. Zacks Investment Research downgraded Consol Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, ValuEngine raised Consol Energy from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.75.
Shares of CEIX opened at $34.49 on Tuesday. The stock has a market cap of $923.06 million, a price-to-earnings ratio of 6.41 and a beta of 0.96. Consol Energy has a 12 month low of $26.62 and a 12 month high of $48.12. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.12 and a current ratio of 1.26.
Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Consol Energy during the 3rd quarter worth approximately $100,000. Oppenheimer Asset Management Inc. acquired a new position in Consol Energy during the 4th quarter worth approximately $128,000. American Century Companies Inc. acquired a new position in Consol Energy during the 3rd quarter worth approximately $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Consol Energy by 25.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,685 shares of the company’s stock worth $273,000 after buying an additional 1,349 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Consol Energy during the 4th quarter worth approximately $317,000. 83.33% of the stock is currently owned by hedge funds and other institutional investors.
About Consol Energy
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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