CONSOL Energy (NYSE:CEIX) Issues Earnings Results

CONSOL Energy (NYSE:CEIX) posted its quarterly earnings data on Tuesday. The company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.05, Zacks reports. The business had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.11 earnings per share.

CONSOL Energy Stock Performance

CEIX traded up $0.56 on Thursday, hitting $127.64. 723,808 shares of the company traded hands, compared to its average volume of 484,874. CONSOL Energy has a 12-month low of $75.43 and a 12-month high of $128.95. The company has a 50 day moving average of $103.34 and a 200-day moving average of $98.11. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.75 billion, a PE ratio of 9.43 and a beta of 1.73.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.85%.

Analyst Ratings Changes

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

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.