Consol Energy Inc (NYSE:CEIX) – Stock analysts at B. Riley reduced their Q2 2019 EPS estimates for shares of Consol Energy in a research report issued on Wednesday, June 12th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $0.90 for the quarter, down from their previous estimate of $0.97. B. Riley also issued estimates for Consol Energy’s FY2019 earnings at $3.70 EPS, FY2020 earnings at $2.57 EPS and FY2021 earnings at $2.04 EPS.
Several other equities analysts have also commented on CEIX. Zacks Investment Research raised Consol Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. ValuEngine lowered Consol Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.50.
NYSE CEIX opened at $25.53 on Friday. The stock has a market capitalization of $713.47 million, a PE ratio of 4.75 and a beta of 1.20. Consol Energy has a 1-year low of $25.31 and a 1-year high of $47.49. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41.
Consol Energy (NYSE:CEIX) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.42. The business had revenue of $332.50 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $2.20 EPS.
A number of institutional investors have recently added to or reduced their stakes in CEIX. Lancaster Investment Management LLP acquired a new position in shares of Consol Energy in the 4th quarter valued at approximately $20,622,000. HITE Hedge Asset Management LLC acquired a new position in shares of Consol Energy in the 4th quarter valued at approximately $9,630,000. Anchor Bolt Capital LP acquired a new position in shares of Consol Energy in the 4th quarter valued at approximately $8,942,000. FMR LLC raised its position in shares of Consol Energy by 248.0% in the 4th quarter. FMR LLC now owns 318,551 shares of the company’s stock valued at $10,102,000 after purchasing an additional 227,023 shares in the last quarter. Finally, Man Group plc raised its position in shares of Consol Energy by 122.4% in the 1st quarter. Man Group plc now owns 409,704 shares of the company’s stock valued at $14,020,000 after purchasing an additional 225,466 shares in the last quarter. 83.87% of the stock is currently owned by hedge funds and other institutional investors.
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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