Consol Energy Inc (NYSE:CEIX) – Stock analysts at B. Riley increased their Q2 2019 earnings per share estimates for shares of Consol Energy in a report issued on Thursday, May 9th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of $0.97 for the quarter, up from their prior estimate of $0.84. B. Riley also issued estimates for Consol Energy’s Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $0.90 EPS, FY2019 earnings at $3.89 EPS and FY2020 earnings at $3.05 EPS.
A number of other equities research analysts have also issued reports on CEIX. Zacks Investment Research lowered Consol Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. ValuEngine lowered Consol Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Finally, Seaport Global Securities set a $50.00 price target on Consol Energy and gave the company a “buy” rating in a research report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Consol Energy presently has an average rating of “Hold” and a consensus target price of $45.50.
Consol Energy (NYSE:CEIX) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.42. Consol Energy had a return on equity of 24.27% and a net margin of 7.04%. The company had revenue of $332.50 million during the quarter, compared to analyst estimates of $366.50 million. During the same period in the previous year, the business earned $2.20 EPS. Consol Energy’s quarterly revenue was down 5.3% on a year-over-year basis.
In other news, SVP James J. Mccaffrey sold 1,738 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $38.40, for a total value of $66,739.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can grew its position in shares of Consol Energy by 8.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 35,868 shares of the company’s stock valued at $1,048,000 after purchasing an additional 2,729 shares in the last quarter. Morgan Stanley grew its position in shares of Consol Energy by 184.8% in the third quarter. Morgan Stanley now owns 380,879 shares of the company’s stock valued at $15,545,000 after purchasing an additional 247,154 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Consol Energy by 62.8% in the third quarter. Teachers Advisors LLC now owns 88,867 shares of the company’s stock valued at $3,627,000 after acquiring an additional 34,271 shares during the last quarter. Bank of America Corp DE lifted its holdings in Consol Energy by 7.2% in the fourth quarter. Bank of America Corp DE now owns 187,085 shares of the company’s stock valued at $5,933,000 after acquiring an additional 12,530 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Consol Energy by 21.8% in the fourth quarter. Rhumbline Advisers now owns 81,369 shares of the company’s stock valued at $2,580,000 after acquiring an additional 14,580 shares during the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.
About Consol Energy
CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.
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