B. Riley Brokers Increase Earnings Estimates for CONSOL Energy Inc. (NYSE:CEIX)

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

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $5.05 EPS for the quarter, beating the consensus estimate of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The company had revenue of $649.90 million during the quarter, compared to analysts’ expectations of $608.90 million. During the same quarter in the previous year, the company earned $3.89 earnings per share. CONSOL Energy’s revenue for the quarter was up 2.0% on a year-over-year basis.

CONSOL Energy Stock Down 3.3 %

CEIX opened at $85.50 on Thursday. 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. The firm has a market capitalization of $2.53 billion, a P/E ratio of 4.35 and a beta of 1.76. The company has a fifty day moving average price of $83.78 and a 200-day moving average price of $94.40.

Insider Activity at CONSOL Energy

In other news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction dated Thursday, March 7th. The stock was 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 approximately $1,239,492.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CONSOL Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its stake in CONSOL Energy by 17.5% in the 1st 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 in the last quarter. Vanguard Group Inc. grew its stake in CONSOL Energy by 21.0% in the 4th quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock worth $244,994,000 after buying an additional 423,338 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CONSOL Energy by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,140,661 shares of the company’s stock worth $215,203,000 after buying an additional 71,873 shares in the last quarter. Pacer Advisors Inc. grew its stake in CONSOL Energy by 58.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock worth $121,462,000 after buying an additional 445,155 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in CONSOL Energy by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 676,906 shares of the company’s stock worth $39,443,000 after buying an additional 10,696 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.