CONSOL Energy (NYSE:CEIX) Issues Earnings Results

CONSOL Energy (NYSE:CEIX) posted its earnings results on Tuesday. The company reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $1.20, Briefing.com reports. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The business had revenue of $565.00 million for the quarter, compared to analyst estimates of $516.85 million. During the same period in the prior year, the company posted $6.55 EPS. The company’s revenue for the quarter was down 17.9% on a year-over-year basis.

CONSOL Energy Price Performance

CEIX traded down $1.26 during trading on Wednesday, reaching $85.26. The company’s stock had a trading volume of 170,732 shares, compared to its average volume of 539,243. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $84.63 and a two-hundred day simple moving average of $92.29. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 4.33 and a beta of 1.77. CONSOL Energy has a 1 year low of $53.40 and a 1 year high of $114.30.

Insiders Place Their Bets

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the transaction, the chief accounting officer now directly owns 13,108 shares of the company’s stock, valued at $1,239,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, B. Riley dropped their price objective on CONSOL Energy from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th.

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.