CONSOL Energy Inc. (NYSE:CEIX) Short Interest Up 15.2% in October

CONSOL Energy Inc. (NYSE:CEIX) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 1,820,000 shares, an increase of 15.2% from the September 30th total of 1,580,000 shares. Approximately 6.3% of the shares of the stock are sold short. Based on an average daily volume of 458,100 shares, the days-to-cover ratio is currently 4.0 days.

CONSOL Energy Stock Performance

Shares of CONSOL Energy stock opened at $109.67 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.22 billion, a PE ratio of 6.65 and a beta of 1.73. The company has a 50 day moving average of $101.18 and a 200-day moving average of $97.03. CONSOL Energy has a 1-year low of $75.43 and a 1-year high of $114.30.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. The firm had revenue of $501.10 million for the quarter, compared to the consensus estimate of $429.90 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. During the same quarter last year, the business posted $4.94 EPS. As a group, equities research analysts forecast that CONSOL Energy will post 11.53 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy’s dividend payout ratio (DPR) is currently 1.52%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On CONSOL Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after acquiring an additional 469 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of CONSOL Energy in the third quarter valued at approximately $51,000. CWM LLC raised its holdings in CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 220 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in CONSOL Energy during the 1st quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its holdings in CONSOL Energy by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after acquiring an additional 309 shares during the last quarter. 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.