CONSOL Energy (NYSE:CEIX) Trading Up 3.7% After Analyst Upgrade

CONSOL Energy Inc. (NYSE:CEIX) shares were up 3.7% during mid-day trading on Monday after B. Riley raised their price target on the stock from $109.00 to $138.00. B. Riley currently has a buy rating on the stock. CONSOL Energy traded as high as $108.71 and last traded at $108.45. Approximately 57,509 shares traded hands during trading, a decline of 88% from the average daily volume of 479,656 shares. The stock had previously closed at $104.57.

Institutional Trading of CONSOL Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 469 shares during the last quarter. CWM LLC raised its stake in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares during the period. EntryPoint Capital LLC acquired a new stake in CONSOL Energy during the 1st quarter valued at approximately $56,000. GAMMA Investing LLC boosted its stake in CONSOL Energy by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after acquiring an additional 309 shares during the last quarter. Finally, Choreo LLC bought a new stake in shares of CONSOL Energy in the 2nd quarter worth about $209,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

CONSOL Energy Price Performance

The company has a 50 day simple moving average of $96.83 and a 200-day simple moving average of $94.36. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 6.41 and a beta of 1.73. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. During the same period last year, the business posted $4.94 earnings per share. As a group, research analysts anticipate that CONSOL Energy Inc. will post 11.54 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

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

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.