Q1 2024 Earnings Forecast for CONSOL Energy Inc. Issued By B. Riley (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – Equities researchers at B. Riley raised their Q1 2024 EPS estimates for shares of CONSOL Energy in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will earn $2.19 per share for the quarter, up from their previous forecast of $2.11. B. Riley currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $5.05 earnings per share for the quarter, topping the consensus estimate of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The firm had revenue of $649.90 million for the quarter, compared to analysts’ expectations of $608.90 million. During the same quarter in the prior year, the business earned $3.89 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis.

CONSOL Energy Price Performance

Shares of NYSE:CEIX opened at $85.50 on Thursday. The firm’s 50 day moving average price is $83.78 and its 200-day moving average price is $94.40. CONSOL Energy has a twelve month low of $53.40 and a twelve month high of $114.30. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.53 billion, a PE ratio of 4.35 and a beta of 1.76.

Insider Transactions at CONSOL Energy

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the sale, the chief accounting officer now owns 13,108 shares in the company, valued at approximately $1,239,492.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On CONSOL Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new stake in CONSOL Energy during the 4th quarter worth approximately $28,000. Parallel Advisors LLC raised its stake in CONSOL Energy by 101.4% during the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after acquiring an additional 150 shares during the period. Parkside Financial Bank & Trust raised its stake in CONSOL Energy by 866.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock worth $49,000 after acquiring an additional 416 shares during the period. FSC Wealth Advisors LLC bought a new stake in CONSOL Energy during the 3rd quarter worth approximately $50,000. Finally, Quadrant Capital Group LLC raised its stake in CONSOL Energy by 41.7% during the 4th quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock worth $77,000 after acquiring an additional 226 shares during the period. Institutional investors own 86.54% of the company’s stock.

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.