CONSOL Energy (NYSE:CEIX) Sees Strong Trading Volume – Here’s Why

CONSOL Energy Inc. (NYSE:CEIX) saw strong trading volume on Monday . 1,669,761 shares were traded during mid-day trading, an increase of 98% from the previous session’s volume of 842,885 shares.The stock last traded at $100.47 and had previously closed at $100.59.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Benchmark upped their target price on shares of CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th. B. Riley increased their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Price Performance

The stock has a market capitalization of $2.96 billion, a PE ratio of 7.39 and a beta of 1.80. The firm’s fifty day moving average is $117.05 and its 200-day moving average is $106.27. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.05. The firm had revenue of $574.90 million during the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $3.11 earnings per share. On average, equities research analysts predict that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of ∞. CONSOL Energy’s payout ratio is currently 7.34%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in CONSOL Energy by 4.4% during the third quarter. Geode Capital Management LLC now owns 751,044 shares of the company’s stock worth $78,609,000 after buying an additional 31,310 shares during the period. FMR LLC grew its position in CONSOL Energy by 266.2% during the third quarter. FMR LLC now owns 41,874 shares of the company’s stock worth $4,382,000 after buying an additional 30,440 shares during the period. Samlyn Capital LLC acquired a new position in CONSOL Energy during the second quarter worth about $36,033,000. Royce & Associates LP grew its position in CONSOL Energy by 141.5% during the third quarter. Royce & Associates LP now owns 10,695 shares of the company’s stock worth $1,119,000 after buying an additional 6,266 shares during the period. Finally, Intech Investment Management LLC grew its position in CONSOL Energy by 54.0% during the third quarter. Intech Investment Management LLC now owns 13,055 shares of the company’s stock worth $1,366,000 after buying an additional 4,575 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.