Shares of Consol Energy Inc (NYSE:CEIX) have been assigned an average broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.
Brokerages have set a 12-month consensus price target of $49.75 for the company and are expecting that the company will post $0.83 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consol Energy an industry rank of 16 out of 255 based on the ratings given to its competitors.
Several brokerages have issued reports on CEIX. B. Riley lifted their target price on shares of Consol Energy from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. ValuEngine raised Consol Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 25th. Zacks Investment Research downgraded Consol Energy from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Seaport Global Securities set a $50.00 price objective on Consol Energy and gave the company a “buy” rating in a research report on Saturday, February 9th.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund boosted its holdings in Consol Energy by 3.2% in the 4th quarter. Texas Permanent School Fund now owns 18,178 shares of the company’s stock worth $576,000 after buying an additional 558 shares during the period. Strs Ohio increased its holdings in Consol Energy by 3.6% during the fourth quarter. Strs Ohio now owns 23,200 shares of the company’s stock valued at $735,000 after buying an additional 800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Consol Energy by 4.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,718 shares of the company’s stock worth $974,000 after purchasing an additional 1,300 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Consol Energy by 25.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,685 shares of the company’s stock valued at $273,000 after purchasing an additional 1,349 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Consol Energy by 11.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,362 shares of the company’s stock worth $790,000 after acquiring an additional 2,057 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.
CEIX opened at $35.37 on Thursday. Consol Energy has a 12 month low of $26.62 and a 12 month high of $48.12. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $923.06 million, a P/E ratio of 6.57 and a beta of 0.96.
Consol Energy (NYSE:CEIX) last issued its earnings results on Friday, February 8th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.65. The business had revenue of $347.80 million during the quarter, compared to analysts’ expectations of $352.30 million. Consol Energy had a net margin of 9.99% and a return on equity of 34.43%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.04) earnings per share. On average, equities analysts expect that Consol Energy will post 3.63 earnings per share for the current 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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