CONSOL Energy (NYSE:CEIX) Trading Down 7.1%

CONSOL Energy Inc. (NYSE:CEIXGet Rating) shares dropped 7.1% during trading on Thursday . The company traded as low as $46.84 and last traded at $46.84. Approximately 12,838 shares were traded during trading, a decline of 98% from the average daily volume of 722,215 shares. The stock had previously closed at $50.44.

Separately, B. Riley upped their target price on CONSOL Energy from $46.00 to $63.00 in a research note on Thursday, May 5th.

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.75. The stock has a market cap of $1.62 billion, a PE ratio of -4,585.00 and a beta of 2.03. The business has a fifty day moving average of $50.10 and a 200-day moving average of $36.09.

CONSOL Energy (NYSE:CEIXGet Rating) last posted its earnings results on Tuesday, May 3rd. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($1.98). The company had revenue of $358.53 million for the quarter, compared to analysts’ expectations of $354.10 million. CONSOL Energy had a return on equity of 20.76% and a net margin of 0.26%. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, equities research analysts predict that CONSOL Energy Inc. will post 9.48 EPS for the current year.

In related news, Director John T. Mills sold 2,947 shares of the company’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $50.55, for a total value of $148,970.85. Following the transaction, the director now directly owns 75,559 shares of the company’s stock, valued at approximately $3,819,507.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kurt R. Salvatori sold 6,995 shares of the company’s stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $42.04, for a total value of $294,069.80. Following the completion of the transaction, the insider now directly owns 30,731 shares in the company, valued at $1,291,931.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,319 shares of company stock valued at $2,275,197. Company insiders own 2.20% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Cloverfields Capital Group LP purchased a new position in CONSOL Energy during the fourth quarter worth approximately $1,737,000. Captrust Financial Advisors boosted its position in CONSOL Energy by 97.3% during the third quarter. Captrust Financial Advisors now owns 1,839 shares of the company’s stock worth $48,000 after purchasing an additional 907 shares in the last quarter. Confluence Wealth Services Inc. purchased a new position in CONSOL Energy during the fourth quarter worth approximately $75,000. Pacer Advisors Inc. boosted its position in CONSOL Energy by 146.5% during the fourth quarter. Pacer Advisors Inc. now owns 276,002 shares of the company’s stock worth $6,268,000 after purchasing an additional 164,026 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in CONSOL Energy by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,704,361 shares of the company’s stock worth $44,345,000 after purchasing an additional 7,105 shares in the last quarter. Institutional investors own 74.53% of the company’s stock.

About CONSOL Energy (NYSE:CEIX)

CONSOL Energy Inc produces and exports bituminous coal in the United States. It operates through PAMC, CONSOL Marine Terminal, and Other segments. The company engages in the mining, preparation, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users; and provision of coal export terminal services, as well as development of the Itmann Mine and the Greenfield reserves.

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