CONSOL Energy (NYSE:CEIX) Trading Up 3.5%

CONSOL Energy Inc. (NYSE:CEIX) rose 3.5% during mid-day trading on Friday . The company traded as high as $99.78 and last traded at $99.74. Approximately 18,231 shares were traded during trading, a decline of 96% from the average daily volume of 503,444 shares. The stock had previously closed at $96.37.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their price objective on shares of CONSOL Energy from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th.

CONSOL Energy Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.21 and a current ratio of 1.47. The company has a market cap of $2.98 billion, a PE ratio of 6.16 and a beta of 1.73. The firm’s 50 day moving average is $92.94 and its 200-day moving average is $91.07.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $3.39 EPS for the quarter, topping the consensus estimate of $2.19 by $1.20. The firm had revenue of $565.00 million for the quarter, compared to analyst estimates of $516.85 million. CONSOL Energy had a net margin of 21.57% and a return on equity of 39.24%. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $6.55 EPS. On average, research analysts anticipate that CONSOL Energy Inc. will post 11.58 earnings per share for the current fiscal year.

Insider Activity at CONSOL Energy

In other CONSOL Energy news, CEO James A. Brock sold 5,400 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $98.21, for a total transaction of $530,334.00. Following the transaction, the chief executive officer now directly owns 532,087 shares of the company’s stock, valued at approximately $52,256,264.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Trading of CONSOL Energy

Several hedge funds and other institutional investors have recently made changes to their positions in CEIX. Vanguard Group Inc. grew its holdings in CONSOL Energy by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after purchasing an additional 125,087 shares during the period. Dimensional Fund Advisors LP increased its stake in CONSOL Energy by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,140,661 shares of the company’s stock valued at $215,203,000 after purchasing an additional 71,873 shares during the last quarter. Pacer Advisors Inc. increased its stake in CONSOL Energy by 58.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock valued at $121,462,000 after purchasing an additional 445,155 shares during the last quarter. American Century Companies Inc. grew its position in shares of CONSOL Energy by 8.4% during the third quarter. American Century Companies Inc. now owns 418,065 shares of the company’s stock worth $43,859,000 after acquiring an additional 32,492 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of CONSOL Energy by 8.5% during the fourth quarter. First Trust Advisors LP now owns 312,233 shares of the company’s stock worth $31,389,000 after acquiring an additional 24,529 shares during the last quarter. Institutional investors and hedge funds 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.