Shares of Consol Energy Inc (NYSE:CEIX) have received an average broker rating score of 1.50 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company. Consol Energy’s rating score has declined by 50% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price target of $48.25 for the company and are expecting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned Consol Energy an industry rank of 27 out of 255 based on the ratings given to its competitors.
CEIX has been the subject of a number of recent analyst reports. Seaport Global Securities reissued a “buy” rating and issued a $52.00 price objective on shares of Consol Energy in a report on Thursday, August 2nd. Zacks Investment Research lowered Consol Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. B. Riley increased their price objective on Consol Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 10th. Finally, Stifel Nicolaus initiated coverage on Consol Energy in a report on Wednesday, June 27th. They issued a “hold” rating and a $40.00 price objective for the company.
In other Consol Energy news, Director John T. Mills sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $42.33, for a total value of $253,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.71% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in Consol Energy by 9.5% in the second quarter. Bank of New York Mellon Corp now owns 317,748 shares of the company’s stock worth $12,185,000 after purchasing an additional 27,487 shares during the period. WINTON GROUP Ltd lifted its position in shares of Consol Energy by 43.5% during the 2nd quarter. WINTON GROUP Ltd now owns 428,524 shares of the company’s stock valued at $16,434,000 after acquiring an additional 129,895 shares during the last quarter. Millennium Management LLC lifted its position in shares of Consol Energy by 32.4% during the 2nd quarter. Millennium Management LLC now owns 287,033 shares of the company’s stock valued at $11,008,000 after acquiring an additional 70,182 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Consol Energy during the 2nd quarter valued at $748,000. Finally, Bank of America Corp DE lifted its position in shares of Consol Energy by 827.0% during the 2nd quarter. Bank of America Corp DE now owns 186,084 shares of the company’s stock valued at $7,136,000 after acquiring an additional 166,011 shares during the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.
Shares of NYSE:CEIX traded down $0.65 during trading on Friday, hitting $42.85. 6,946 shares of the company traded hands, compared to its average volume of 262,995. The firm has a market capitalization of $1.20 billion and a PE ratio of 9.59. Consol Energy has a one year low of $19.51 and a one year high of $48.12. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 1.87.
Consol Energy (NYSE:CEIX) last posted its earnings results on Thursday, August 2nd. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.16. The company had revenue of $370.70 million during the quarter, compared to analyst estimates of $413.40 million. Consol Energy had a return on equity of 28.97% and a net margin of 5.70%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. analysts predict that Consol Energy will post 5.1 EPS for the current fiscal year.
About Consol Energy
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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