Consol Energy (NYSE:CEIX) Trading 5.7% Higher

Consol Energy Inc (NYSE:CEIX)’s stock price traded up 5.7% on Thursday . The stock traded as high as $4.38 and last traded at $4.07, 833,827 shares changed hands during trading. An increase of 11% from the average session volume of 750,588 shares. The stock had previously closed at $3.85.

Several analysts recently weighed in on the company. Benchmark assumed coverage on Consol Energy in a report on Wednesday, February 19th. They set a “buy” rating and a $11.00 price target on the stock. B. Riley increased their price target on Consol Energy from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. ValuEngine lowered Consol Energy from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, Zacks Investment Research lowered Consol Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Consol Energy presently has a consensus rating of “Hold” and a consensus price target of $12.00.

The stock has a fifty day moving average of $5.83 and a 200 day moving average of $11.45. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a market cap of $96.05 million, a price-to-earnings ratio of 1.46 and a beta of 1.75.

Consol Energy (NYSE:CEIX) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.14). Consol Energy had a net margin of 5.31% and a return on equity of 16.22%. The business had revenue of $342.64 million during the quarter, compared to analysts’ expectations of $343.59 million. During the same quarter last year, the firm earned $1.41 earnings per share. As a group, equities analysts expect that Consol Energy Inc will post 1.45 earnings per share for the current fiscal year.

In other Consol Energy news, Director John T. Mills purchased 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average price of $6.46 per share, with a total value of $25,840.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CEIX. Bank of Montreal Can increased its holdings in shares of Consol Energy by 69.4% in the 4th quarter. Bank of Montreal Can now owns 5,118 shares of the company’s stock valued at $75,000 after acquiring an additional 2,097 shares during the last quarter. Gabelli Funds LLC lifted its position in Consol Energy by 18.8% during the 4th quarter. Gabelli Funds LLC now owns 12,025 shares of the company’s stock worth $174,000 after acquiring an additional 1,900 shares during the period. Magnus Financial Group LLC acquired a new stake in Consol Energy during the 4th quarter worth approximately $195,000. Alpine Global Management LLC acquired a new stake in shares of Consol Energy in the 4th quarter valued at approximately $215,000. Finally, 6 Meridian lifted its holdings in shares of Consol Energy by 22.9% in the 4th quarter. 6 Meridian now owns 16,639 shares of the company’s stock valued at $241,000 after buying an additional 3,101 shares during the period. Institutional investors own 86.66% of the company’s stock.

About Consol Energy (NYSE:CEIX)

CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.

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