CONSOL Energy Inc. (NYSE:CEIX) to Post Q1 2024 Earnings of $2.19 Per Share, B. Riley Forecasts

CONSOL Energy Inc. (NYSE:CEIX) – Equities research analysts at B. Riley increased their Q1 2024 earnings per share estimates for CONSOL Energy in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will earn $2.19 per share for the quarter, up from their prior estimate of $2.11. B. Riley currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share.

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

CONSOL Energy Trading Down 0.0 %

Shares of CONSOL Energy stock opened at $83.99 on Thursday. CONSOL Energy has a 1 year low of $53.40 and a 1 year high of $114.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16. The stock has a market cap of $2.49 billion, a PE ratio of 4.27 and a beta of 1.76. The firm has a fifty day moving average price of $83.76 and a 200 day moving average price of $94.22.

Insider Buying and Selling at CONSOL Energy

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 13,108 shares of the company’s stock, valued at $1,239,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.10% 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. acquired a new position in shares of CONSOL Energy during the 4th quarter worth approximately $28,000. Parallel Advisors LLC raised its position in CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after acquiring an additional 150 shares during the period. Parkside Financial Bank & Trust lifted its holdings in 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 purchasing an additional 416 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of CONSOL Energy in the third quarter valued at about $50,000. Finally, Quarry LP increased its stake in shares of CONSOL Energy by 109.0% during the first 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. Hedge funds and other institutional investors own 86.54% of the company’s stock.

About CONSOL Energy

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.