B. Riley Analysts Raise Earnings Estimates for CONSOL Energy

CONSOL Energy Inc. (NYSE:CEIX) – Equities researchers at B. Riley increased their FY2024 earnings per share (EPS) estimates for CONSOL Energy in a research report issued on Wednesday, November 6th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $11.57 for the year, up from their prior forecast of $11.50. B. Riley has a “Buy” rating and a $138.00 price objective on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.50 per share. B. Riley also issued estimates for CONSOL Energy’s Q4 2024 earnings at $3.00 EPS and FY2025 earnings at $15.99 EPS.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The business had revenue of $574.90 million for the quarter, compared to the consensus estimate of $554.00 million. During the same period in the previous year, the company earned $3.11 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis.

CONSOL Energy Stock Performance

Shares of CEIX opened at $127.64 on Friday. The company has a market cap of $3.75 billion, a PE ratio of 9.45 and a beta of 1.73. The firm has a 50-day moving average of $103.86 and a 200-day moving average of $98.32. CONSOL Energy has a one year low of $75.43 and a one year high of $128.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31.

CONSOL Energy Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in CONSOL Energy in the 1st quarter valued at about $620,000. Jupiter Asset Management Ltd. acquired a new position in shares of CONSOL Energy in the first quarter valued at approximately $10,832,000. Lake Street Advisors Group LLC bought a new position in shares of CONSOL Energy during the first quarter worth approximately $750,000. Samlyn Capital LLC acquired a new stake in CONSOL Energy during the 2nd quarter worth approximately $36,033,000. Finally, Janus Henderson Group PLC lifted its holdings in CONSOL Energy by 53.8% during the 1st quarter. Janus Henderson Group PLC now owns 23,860 shares of the company’s stock worth $1,999,000 after purchasing an additional 8,347 shares during the last quarter. 86.54% of the stock is 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.