CONSOL Energy (NYSE:CEIX) Shares Down 2.3%

CONSOL Energy Inc. (NYSE:CEIXGet Free Report) fell 2.3% during mid-day trading on Tuesday . The company traded as low as $82.31 and last traded at $82.31. 13,089 shares were traded during mid-day trading, a decline of 98% from the average session volume of 560,456 shares. The stock had previously closed at $84.22.

Analysts Set New Price Targets

Separately, B. Riley cut their target price on CONSOL Energy from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th.

Read Our Latest Analysis on CEIX

CONSOL Energy Stock Down 0.7 %

The business has a 50-day moving average price of $83.80 and a two-hundred day moving average price of $93.92. 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 firm has a market cap of $2.47 billion, a PE ratio of 4.25 and a beta of 1.76.

CONSOL Energy (NYSE:CEIXGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $5.05 earnings per share for the quarter, topping analysts’ consensus estimates of $4.28 by $0.77. The business had revenue of $649.90 million for the quarter, compared to analyst estimates of $608.90 million. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.89 earnings per share. On average, equities research analysts expect that CONSOL Energy Inc. will post 11.02 EPS for the current year.

Insider Buying and Selling

In related news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On CONSOL Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in CONSOL Energy in the first quarter valued at $1,682,000. Paradiem LLC boosted its stake in CONSOL Energy by 77.9% in the first quarter. Paradiem LLC now owns 28,545 shares of the company’s stock valued at $2,391,000 after acquiring an additional 12,503 shares in the last quarter. Financial Strategies Group Inc. acquired a new position in CONSOL Energy in the first quarter valued at $252,000. Allspring Global Investments Holdings LLC boosted its stake in CONSOL Energy by 750.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,031 shares of the company’s stock valued at $2,264,000 after acquiring an additional 23,852 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in CONSOL Energy by 23.9% in the first quarter. AlphaMark Advisors LLC now owns 3,029 shares of the company’s stock valued at $254,000 after acquiring an additional 585 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

About CONSOL Energy

(Get Free Report)

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.

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