Zacks: Consol Energy Inc (NYSE:CEIX) Given Consensus Rating of “Buy” by Analysts

Consol Energy Inc (NYSE:CEIX) has received an average broker rating score of 1.50 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and three have given a strong buy rating to the company.

Brokers have set a one year consensus price target of $25.75 for the company and are predicting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also given Consol Energy an industry rank of 232 out of 255 based on the ratings given to related companies.

A number of analysts have issued reports on the company. Clarkson Capital reissued a “buy” rating on shares of Consol Energy in a research report on Monday, September 23rd. ValuEngine raised Consol Energy from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised Consol Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, B. Riley set a $27.00 target price on Consol Energy and gave the company a “buy” rating in a research report on Thursday, August 22nd.

Shares of CEIX stock traded down $0.01 during trading on Monday, hitting $14.66. 336,589 shares of the stock traded hands, compared to its average volume of 292,914. The firm has a market capitalization of $397.28 million, a P/E ratio of 2.72 and a beta of 1.12. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.85. Consol Energy has a 52-week low of $14.04 and a 52-week high of $41.98. The firm’s fifty day moving average price is $16.60 and its 200-day moving average price is $25.31.

Consol Energy (NYSE:CEIX) last announced its earnings results on Tuesday, August 6th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.38. The company had revenue of $350.62 million for the quarter, compared to analyst estimates of $379.90 million. Consol Energy had a return on equity of 22.28% and a net margin of 7.06%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 earnings per share. As a group, equities research analysts expect that Consol Energy will post 4.06 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. grew its stake in shares of Consol Energy by 56.5% in the second quarter. Prudential Financial Inc. now owns 759,841 shares of the company’s stock worth $20,219,000 after acquiring an additional 274,455 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Consol Energy by 45.3% during the second quarter. Renaissance Technologies LLC now owns 608,200 shares of the company’s stock worth $16,184,000 after purchasing an additional 189,600 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Consol Energy by 51.3% during the second quarter. Nuveen Asset Management LLC now owns 421,489 shares of the company’s stock worth $11,216,000 after purchasing an additional 142,932 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Consol Energy by 96.1% during the first quarter. JPMorgan Chase & Co. now owns 219,302 shares of the company’s stock worth $7,506,000 after purchasing an additional 107,475 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Consol Energy by 32.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 415,056 shares of the company’s stock worth $11,045,000 after purchasing an additional 102,268 shares in the last quarter. 88.48% of the stock is currently owned by institutional investors.

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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