CONSOL Energy (NYSE:CEIX) Price Target Lowered to $98.00 at B. Riley

CONSOL Energy (NYSE:CEIX) had its price target lowered by B. Riley from $100.00 to $98.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock. B. Riley also issued estimates for CONSOL Energy’s Q1 2024 earnings at $2.11 EPS.

CONSOL Energy Stock Performance

Shares of CEIX stock opened at $84.05 on Wednesday. The firm has a 50-day moving average of $84.30 and a 200-day moving average of $94.95. The company has a market cap of $2.49 billion, a P/E ratio of 4.28 and a beta of 1.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16. CONSOL Energy has a one year low of $53.40 and a one year high of $114.30.

CONSOL Energy (NYSE:CEIX) last announced its earnings results on Tuesday, February 6th. The company reported $5.05 EPS for the quarter, beating the consensus estimate of $4.28 by $0.77. The company had revenue of $649.90 million during the quarter, compared to the consensus estimate of $608.90 million. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.89 earnings per share. Equities research analysts forecast that CONSOL Energy will post 12.66 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO John Rothka sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the sale, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.49% of the stock is currently owned by corporate insiders.

Institutional Trading of CONSOL Energy

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in CONSOL Energy by 17.5% during the first quarter. State Street Corp now owns 2,740,648 shares of the company’s stock worth $159,698,000 after buying an additional 407,651 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of CONSOL Energy by 21.0% in the fourth quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock worth $244,994,000 after purchasing an additional 423,338 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CONSOL Energy by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,140,661 shares of the company’s stock worth $215,203,000 after purchasing an additional 71,873 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of CONSOL Energy by 58.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock worth $121,462,000 after purchasing an additional 445,155 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of CONSOL Energy by 1.6% in the first quarter. Geode Capital Management LLC now owns 676,906 shares of the company’s stock worth $39,443,000 after purchasing an additional 10,696 shares in the last quarter. Hedge funds and other institutional investors own 86.54% 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.