CONSOL Energy Inc. (NYSE:CEIX) Sees Significant Decrease in Short Interest

CONSOL Energy Inc. (NYSE:CEIX) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,650,000 shares, a decrease of 9.3% from the October 15th total of 1,820,000 shares. Approximately 5.7% of the company’s shares are sold short. Based on an average trading volume of 488,400 shares, the days-to-cover ratio is currently 3.4 days.

Analyst Ratings Changes

CEIX has been the topic of a number of recent analyst reports. Benchmark boosted their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. B. Riley raised their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th.

Institutional Investors Weigh In On CONSOL Energy

Several hedge funds have recently added to or reduced their stakes in CEIX. Blue Trust Inc. lifted its position in CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after acquiring an additional 469 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of CONSOL Energy during the third quarter worth about $51,000. CWM LLC boosted its holdings in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of CONSOL Energy during the first quarter valued at about $56,000. Finally, GAMMA Investing LLC lifted its position in shares of CONSOL Energy by 54.1% in the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after buying an additional 309 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

CONSOL Energy Stock Performance

Shares of CONSOL Energy stock traded up $0.19 during trading hours on Tuesday, reaching $126.58. The company had a trading volume of 445,243 shares, compared to its average volume of 491,647. CONSOL Energy has a one year low of $75.43 and a one year high of $130.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a market cap of $3.72 billion, a PE ratio of 9.25 and a beta of 1.73. The business has a fifty day simple moving average of $107.43 and a 200 day simple moving average of $100.28.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share 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 business had revenue of $574.90 million during the quarter, compared to analysts’ expectations of $554.00 million. During the same quarter last year, the business posted $3.11 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, analysts anticipate that CONSOL Energy will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

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

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.