Consol Energy (NYSE:CEIX) Downgraded to Strong Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of Consol Energy (NYSE:CEIX) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday, Zacks.com reports.

According to Zacks, “CONSOL Energy Inc. is a producer and exporter of high-Btu bituminous thermal and crossover metallurgical coal. It owns and operates productive longwall mining operations primarily in the Northern Appalachian Basin. CONSOL Energy Inc. is based in CANONSBURG, Pa. “

Separately, ValuEngine raised VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research report on Thursday, May 9th.

NYSE CEIX opened at $25.31 on Tuesday. Consol Energy has a 1-year low of $24.78 and a 1-year high of $47.49. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.97. The firm has a 50-day moving average of $26.27. The company has a market cap of $695.52 million, a price-to-earnings ratio of 4.70 and a beta of 1.05.

Consol Energy (NYSE:CEIX) last released its earnings results on Wednesday, May 8th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.42. Consol Energy had a return on equity of 24.27% and a net margin of 7.04%. The company had revenue of $332.50 million during the quarter, compared to analyst estimates of $366.50 million. During the same quarter in the previous year, the company posted $2.20 EPS. Consol Energy’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that Consol Energy will post 4.06 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CEIX. WINTON GROUP Ltd boosted its stake in shares of Consol Energy by 4.6% in the 2nd quarter. WINTON GROUP Ltd now owns 250,469 shares of the company’s stock worth $6,665,000 after buying an additional 10,903 shares during the last quarter. Lancaster Investment Management LLP boosted its stake in shares of Consol Energy by 8.2% in the 1st quarter. Lancaster Investment Management LLP now owns 703,710 shares of the company’s stock worth $24,081,000 after buying an additional 53,374 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Consol Energy in the 1st quarter worth $445,000. AJO LP boosted its stake in shares of Consol Energy by 7.7% in the 1st quarter. AJO LP now owns 140,717 shares of the company’s stock worth $4,815,000 after buying an additional 10,120 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Consol Energy in the 1st quarter worth $136,000. 83.56% of the stock is owned by institutional investors and hedge funds.

Consol Energy Company Profile

CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.

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