CONSOL Energy (NYSE:CEIX) Shares Gap Up on Strong Earnings

CONSOL Energy Inc. (NYSE:CEIX)’s share price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $88.45, but opened at $97.00. CONSOL Energy shares last traded at $92.53, with a volume of 162,051 shares trading hands.

The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. The firm had revenue of $501.10 million during the quarter, compared to analyst estimates of $429.90 million. CONSOL Energy had a return on equity of 39.24% and a net margin of 21.57%. During the same quarter in the prior year, the firm posted $4.94 earnings per share.

Insiders Place Their Bets

In other news, CEO James A. Brock sold 1,700 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $99.55, for a total value of $169,235.00. Following the completion of the transaction, the chief executive officer now owns 529,487 shares of the company’s stock, valued at approximately $52,710,430.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO James A. Brock sold 5,400 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $98.21, for a total value of $530,334.00. Following the sale, the chief executive officer now directly owns 532,087 shares of the company’s stock, valued at $52,256,264.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James A. Brock sold 1,700 shares of CONSOL Energy stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $99.55, for a total value of $169,235.00. Following the completion of the transaction, the chief executive officer now directly owns 529,487 shares of the company’s stock, valued at approximately $52,710,430.85. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Institutional Trading of CONSOL Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of CONSOL Energy during the fourth quarter valued at approximately $28,000. Parallel Advisors LLC increased its holdings in shares of CONSOL Energy by 101.4% in the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Blue Trust Inc. raised its stake 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 purchasing an additional 469 shares during the last quarter. CWM LLC raised its stake in shares of CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after purchasing an additional 220 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of CONSOL Energy during the first quarter valued at $56,000. 86.54% of the stock is currently owned by institutional investors.

CONSOL Energy Price Performance

The firm has a 50-day moving average of $98.79 and a 200 day moving average of $91.00. The company has a market capitalization of $2.82 billion, a PE ratio of 5.83 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.21.

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.