CONSOL Energy (NYSE:CEIX) Price Target Lowered to $98.00 at B. Riley

CONSOL Energy (NYSE:CEIX) had its price objective cut by B. Riley from $100.00 to $98.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for CONSOL Energy’s Q1 2024 earnings at $2.11 EPS.

CONSOL Energy Stock Up 1.7 %

Shares of CONSOL Energy stock opened at $84.05 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $84.30 and its two-hundred day simple moving average is $94.95. The company has a market cap of $2.49 billion, a P/E ratio of 4.28 and a beta of 1.76. CONSOL Energy has a 12-month low of $53.40 and a 12-month high of $114.30.

CONSOL Energy (NYSE:CEIX) last announced its earnings results on Tuesday, February 6th. The company reported $5.05 EPS for the quarter, beating analysts’ consensus estimates of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The firm had revenue of $649.90 million for the quarter, compared to analysts’ expectations of $608.90 million. During the same quarter in the previous year, the business posted $3.89 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts anticipate that CONSOL Energy will post 12.66 EPS for the current year.

Insider Activity

In other news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the sale, the chief accounting officer now owns 13,108 shares in the company, valued at approximately $1,239,492.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On CONSOL Energy

A number of hedge funds have recently bought and sold shares of CEIX. Benjamin F. Edwards & Company Inc. bought a new position in CONSOL Energy in the 4th quarter worth about $28,000. Parallel Advisors LLC boosted its stake in CONSOL Energy by 101.4% in the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in CONSOL Energy by 866.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock worth $49,000 after purchasing an additional 416 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in CONSOL Energy in the 3rd quarter worth about $50,000. Finally, Quarry LP boosted its stake in CONSOL Energy by 109.0% in the 1st quarter. Quarry LP now owns 903 shares of the company’s stock worth $53,000 after purchasing an additional 471 shares in the last quarter. Institutional investors own 86.54% 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.