B. Riley Brokers Decrease Earnings Estimates for CONSOL Energy Inc. (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – B. Riley reduced their Q2 2024 earnings per share (EPS) estimates for CONSOL Energy in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of $1.90 for the quarter, down from their prior forecast of $1.97. 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 $11.02 per share. B. Riley also issued estimates for CONSOL Energy’s Q3 2024 earnings at $3.36 EPS and Q4 2024 earnings at $3.56 EPS.

CONSOL Energy Trading Down 3.3 %

Shares of CONSOL Energy stock opened at $85.50 on Wednesday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 4.35 and a beta of 1.76. The business has a 50-day moving average price of $83.78 and a 200-day moving average price of $94.40. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. CONSOL Energy has a twelve month low of $53.40 and a twelve month high of $114.30.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CEIX. Benjamin F. Edwards & Company Inc. purchased a new position in shares of CONSOL Energy during the fourth quarter valued at approximately $28,000. Parallel Advisors LLC boosted its position in shares of CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after buying an additional 150 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of CONSOL Energy by 866.7% during the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock valued at $49,000 after acquiring an additional 416 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of CONSOL Energy during the third quarter valued at approximately $50,000. Finally, Quadrant Capital Group LLC raised its stake in shares of CONSOL Energy by 41.7% during the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock valued at $77,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Insider Activity

In related news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the completion of the transaction, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% 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.