Benchmark Raises CONSOL Energy (NYSE:CEIX) Price Target to $140.00

CONSOL Energy (NYSE:CEIX) had its price target upped by Benchmark from $105.00 to $140.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

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

CONSOL Energy Stock Performance

CONSOL Energy stock opened at $126.29 on Monday. The company’s 50-day moving average price is $107.43 and its 200-day moving average price is $100.28. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.71 billion, a PE ratio of 9.28 and a beta of 1.73. CONSOL Energy has a twelve month low of $75.43 and a twelve month high of $130.47.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company had revenue of $574.90 million during the quarter, compared to analyst estimates of $554.00 million. During the same quarter last year, the business posted $3.11 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that CONSOL Energy will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.79%. CONSOL Energy’s payout ratio is 7.34%.

Institutional Trading of CONSOL Energy

Several institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after buying an additional 469 shares during the period. Sound Income Strategies LLC bought a new stake in shares of CONSOL Energy during the third quarter worth $51,000. CWM LLC boosted 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 bought a new position in shares of CONSOL Energy in the first quarter worth about $56,000. Finally, GAMMA Investing LLC increased its stake in CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after buying an additional 309 shares during the period. Institutional investors own 86.54% of the company’s stock.

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.