CONSOL Energy (NYSE:CEIX) Posts Earnings Results, Beats Expectations By $0.05 EPS

CONSOL Energy (NYSE:CEIX) issued its earnings results on Tuesday. The company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.17 by $0.05, Zacks reports. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. During the same period in the previous year, the company posted $3.11 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year.

CONSOL Energy Stock Performance

NYSE:CEIX traded up $13.23 during mid-day trading on Wednesday, reaching $126.86. 930,762 shares of the company’s stock were exchanged, compared to its average volume of 481,237. CONSOL Energy has a one year low of $75.43 and a one year high of $127.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. The business’s fifty day simple moving average is $102.78 and its two-hundred day simple moving average is $97.91. The firm has a market capitalization of $3.73 billion, a PE ratio of 8.41 and a beta of 1.73.

CONSOL Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s dividend payout ratio is 1.85%.

Analyst Ratings Changes

Separately, B. Riley raised their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

CONSOL Energy Company Profile

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.