CONSOL Energy (NYSE:CEIX) Shares Down 3.4% – Here’s Why

Shares of CONSOL Energy Inc. (NYSE:CEIXGet Free Report) were down 3.4% during trading on Friday . The stock traded as low as $104.42 and last traded at $104.63. Approximately 320,808 shares traded hands during trading, a decline of 34% from the average daily volume of 485,097 shares. The stock had previously closed at $108.29.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. B. Riley increased their price objective on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Benchmark raised their price objective on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th.

Check Out Our Latest Analysis on CEIX

CONSOL Energy Stock Performance

The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 7.61 and a beta of 1.76. The firm’s fifty day moving average price is $118.42 and its 200 day moving average price is $105.45.

CONSOL Energy (NYSE:CEIXGet Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $554.00 million. During the same period in the prior year, the firm earned $3.11 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Analysts forecast that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy’s dividend payout ratio is currently 7.34%.

Institutional Trading of CONSOL Energy

Hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of CONSOL Energy by 266.2% in the third quarter. FMR LLC now owns 41,874 shares of the company’s stock valued at $4,382,000 after purchasing an additional 30,440 shares in the last quarter. Samlyn Capital LLC purchased a new position in CONSOL Energy in the 2nd quarter valued at approximately $36,033,000. Royce & Associates LP grew its stake in shares of CONSOL Energy by 141.5% in the third quarter. Royce & Associates LP now owns 10,695 shares of the company’s stock worth $1,119,000 after acquiring an additional 6,266 shares in the last quarter. Intech Investment Management LLC increased its position in shares of CONSOL Energy by 54.0% during the third quarter. Intech Investment Management LLC now owns 13,055 shares of the company’s stock worth $1,366,000 after acquiring an additional 4,575 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of CONSOL Energy in the third quarter valued at $3,619,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

CONSOL Energy Company Profile

(Get Free Report)

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.

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