Raymond James & Associates grew its holdings in Consol Energy Inc (NYSE:CEIX) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,822 shares of the company’s stock after purchasing an additional 6,149 shares during the period. Raymond James & Associates owned about 0.21% of Consol Energy worth $1,979,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Consol Energy by 33.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,812 shares of the company’s stock valued at $62,000 after purchasing an additional 455 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Consol Energy by 64.8% during the first quarter. Meeder Asset Management Inc. now owns 2,091 shares of the company’s stock valued at $70,000 after purchasing an additional 822 shares in the last quarter. Globeflex Capital L P bought a new stake in Consol Energy during the fourth quarter valued at about $106,000. Oppenheimer Asset Management Inc. bought a new stake in Consol Energy during the fourth quarter valued at about $128,000. Finally, Convergence Investment Partners LLC bought a new stake in Consol Energy during the first quarter valued at about $148,000. Institutional investors and hedge funds own 83.87% of the company’s stock.
Consol Energy stock opened at $25.84 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.97 and a quick ratio of 0.84. Consol Energy Inc has a 52 week low of $25.60 and a 52 week high of $47.49. The stock has a market cap of $742.46 million, a P/E ratio of 4.80 and a beta of 1.20.
Consol Energy (NYSE:CEIX) last released its earnings results on Wednesday, May 8th. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.42. The firm had revenue of $332.50 million during the quarter, compared to the consensus estimate of $366.50 million. Consol Energy had a return on equity of 24.27% and a net margin of 7.04%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. On average, equities analysts anticipate that Consol Energy Inc will post 3.89 EPS for the current fiscal year.
A number of brokerages recently weighed in on CEIX. ValuEngine downgraded Consol Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 9th. Zacks Investment Research raised Consol Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.50.
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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