CONSOL Energy (NYSE:CEIX) Issues Quarterly Earnings Results

CONSOL Energy (NYSE:CEIX) announced its quarterly earnings results on Tuesday. The company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.17 by $0.05, Zacks reports. The company had revenue of $574.90 million during the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.11 earnings per share.

CONSOL Energy Stock Up 0.3 %

Shares of CEIX stock traded up $0.34 during trading hours on Friday, reaching $128.00. The company had a trading volume of 207,915 shares, compared to its average volume of 483,597. CONSOL Energy has a twelve month low of $75.43 and a twelve month high of $129.97. The stock’s fifty day simple moving average is $103.86 and its 200 day simple moving average is $98.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. The company has a market capitalization of $3.76 billion, a P/E ratio of 9.45 and a beta of 1.73.

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. CONSOL Energy’s dividend payout ratio (DPR) is currently 1.85%.

Wall Street Analysts Forecast Growth

Separately, B. Riley increased their target price on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 7th.

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.