Zacks: Consol Energy Inc (NYSE:CEIX) Given $23.00 Consensus Price Target by Brokerages

Shares of Consol Energy Inc (NYSE:CEIX) have earned a consensus 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.

Brokerages have set a 1 year consensus price objective of $23.00 for the company and are forecasting that the company will post $0.66 earnings per share for the current quarter, according to Zacks. Zacks has also given Consol Energy an industry rank of 224 out of 255 based on the ratings given to its competitors.

CEIX has been the subject of several recent research reports. Clarkson Capital reissued a “buy” rating on shares of Consol Energy in a report on Monday, September 23rd. ValuEngine raised shares of Consol Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. B. Riley set a $27.00 price target on shares of Consol Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research raised shares of Consol Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 14th.

In related news, Director John T. Mills purchased 4,000 shares of Consol Energy stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of $12.55 per share, for a total transaction of $50,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. bought a new position in Consol Energy during the 2nd quarter worth approximately $418,000. Arizona State Retirement System increased its stake in Consol Energy by 1.2% in the second quarter. Arizona State Retirement System now owns 42,831 shares of the company’s stock valued at $1,140,000 after purchasing an additional 504 shares in the last quarter. Strs Ohio raised its holdings in Consol Energy by 24.6% in the second quarter. Strs Ohio now owns 27,900 shares of the company’s stock worth $742,000 after purchasing an additional 5,500 shares during the period. Bowling Portfolio Management LLC acquired a new stake in Consol Energy in the second quarter worth $1,004,000. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Consol Energy during the second quarter worth $923,000. 91.43% of the stock is owned by institutional investors.

Shares of NYSE CEIX traded up $0.02 during midday trading on Friday, hitting $12.73. The stock had a trading volume of 227,600 shares, compared to its average volume of 306,168. The company’s 50-day simple moving average is $13.45 and its 200 day simple moving average is $19.42. The firm has a market cap of $330.50 million, a P/E ratio of 2.37 and a beta of 1.02. Consol Energy has a fifty-two week low of $11.71 and a fifty-two week high of $38.74. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.75.

Consol Energy (NYSE:CEIX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.41). The firm had revenue of $301.54 million for the quarter, compared to analyst estimates of $343.95 million. Consol Energy had a net margin of 6.92% and a return on equity of 20.78%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. Equities analysts expect that Consol Energy will post 3.75 EPS for the current fiscal year.

Consol Energy Company Profile

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.

Further Reading: Leveraged Buyout (LBO) Explained

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