B. Riley set a $27.00 price objective on Consol Energy (NYSE:CEIX) in a research report sent to investors on Friday, TipRanks reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Consol Energy’s Q3 2019 earnings at $0.70 EPS and FY2020 earnings at $2.40 EPS.
Several other research firms have also commented on CEIX. Zacks Investment Research raised Consol Energy from a sell rating to a hold rating in a research report on Monday, October 14th. Clarkson Capital reissued a buy rating on shares of Consol Energy in a research report on Monday, September 23rd. Finally, ValuEngine raised Consol Energy from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Consol Energy currently has a consensus rating of Buy and an average price target of $39.67.
NYSE CEIX traded up $0.05 on Friday, reaching $14.55. 198,764 shares of the stock traded hands, compared to its average volume of 290,672. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.85 and a current ratio of 0.97. The company has a fifty day moving average price of $15.74 and a 200-day moving average price of $23.22. The company has a market cap of $395.96 million, a price-to-earnings ratio of 2.70 and a beta of 1.12. Consol Energy has a 12 month low of $13.81 and a 12 month high of $41.98.
Consol Energy (NYSE:CEIX) last issued its earnings results on Tuesday, August 6th. The company reported $1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.38. The business had revenue of $350.62 million during the quarter, compared to analyst estimates of $379.90 million. Consol Energy had a return on equity of 22.28% and a net margin of 7.06%. Consol Energy’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. As a group, research analysts anticipate that Consol Energy will post 4.08 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Arizona State Retirement System boosted its stake in shares of Consol Energy by 1.2% in the second quarter. Arizona State Retirement System now owns 42,831 shares of the company’s stock worth $1,140,000 after buying an additional 504 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Consol Energy by 164.0% in the second quarter. Bank of Montreal Can now owns 3,789 shares of the company’s stock worth $102,000 after buying an additional 2,354 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Consol Energy by 34.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,880 shares of the company’s stock worth $289,000 after buying an additional 2,780 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Consol Energy in the second quarter worth about $85,000. Finally, Van ECK Associates Corp boosted its stake in shares of Consol Energy by 10.0% in the second quarter. Van ECK Associates Corp now owns 36,887 shares of the company’s stock worth $982,000 after buying an additional 3,352 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.
Consol Energy Company Profile
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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