Equities Analysts Set Expectations for CONSOL Energy Inc.’s Q1 2024 Earnings (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – Research analysts at B. Riley lowered their Q1 2024 EPS estimates for shares of CONSOL Energy in a report released on Tuesday, April 9th. B. Riley analyst L. Pipes now expects that the company will post earnings of $2.11 per share for the quarter, down from their prior forecast of $2.19. B. Riley has a “Buy” rating and a $98.00 price objective on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $12.66 per share.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $5.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.28 by $0.77. The firm had revenue of $649.90 million for the quarter, compared to the consensus estimate of $608.90 million. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.89 EPS.

CONSOL Energy Price Performance

CEIX opened at $84.05 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 4.28 and a beta of 1.76. The firm’s fifty day moving average price is $84.30 and its two-hundred day moving average price is $94.95. CONSOL Energy has a 1 year low of $53.40 and a 1 year high of $114.30.

Hedge Funds Weigh In On CONSOL Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in CONSOL Energy by 58.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock valued at $121,462,000 after acquiring an additional 445,155 shares during the period. Vanguard Group Inc. increased its position in shares of CONSOL Energy by 21.0% in the fourth quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock worth $244,994,000 after purchasing an additional 423,338 shares during the last quarter. State Street Corp increased its position in shares of CONSOL Energy by 17.5% in the first quarter. State Street Corp now owns 2,740,648 shares of the company’s stock worth $159,698,000 after purchasing an additional 407,651 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of CONSOL Energy in the third quarter worth approximately $31,922,000. Finally, Tejara Capital Ltd bought a new position in shares of CONSOL Energy in the fourth quarter worth approximately $17,904,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the transaction, the chief accounting officer now directly owns 13,108 shares of the company’s stock, valued at approximately $1,239,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.49% of the company’s stock.

CONSOL Energy Company Profile

CONSOL Energy Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.