CONSOL Energy (NYSE:CEIX) Trading Up 3.5%

CONSOL Energy Inc. (NYSE:CEIX)’s share price shot up 3.5% during mid-day trading on Friday . The stock traded as high as $99.78 and last traded at $99.74. 18,231 shares were traded during trading, a decline of 96% from the average session volume of 503,444 shares. The stock had previously closed at $96.37.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price target on CONSOL Energy from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th.

CONSOL Energy Price Performance

The business has a fifty day moving average of $93.30 and a 200-day moving average of $91.08. The company has a current ratio of 1.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.00 billion, a PE ratio of 6.19 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $1.20. CONSOL Energy had a net margin of 21.57% and a return on equity of 39.24%. The firm had revenue of $565.00 million for the quarter, compared to the consensus estimate of $516.85 million. During the same period in the prior year, the firm posted $6.55 earnings per share. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. As a group, research analysts predict that CONSOL Energy Inc. will post 11.58 earnings per share for the current year.

Insider Activity

In related news, CEO James A. Brock sold 5,400 shares of CONSOL Energy stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $98.21, for a total value of $530,334.00. Following the transaction, the chief executive officer now owns 532,087 shares in the company, valued at approximately $52,256,264.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CONSOL Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC grew its position in shares of CONSOL Energy by 41.6% in the 1st quarter. Virtu Financial LLC now owns 5,900 shares of the company’s stock worth $494,000 after buying an additional 1,733 shares during the last quarter. EMC Capital Management bought a new position in shares of CONSOL Energy during the 1st quarter valued at $225,000. Tidal Investments LLC grew its holdings in shares of CONSOL Energy by 15.4% in the first quarter. Tidal Investments LLC now owns 6,996 shares of the company’s stock worth $586,000 after acquiring an additional 934 shares during the period. B. Riley Wealth Advisors Inc. increased its position in CONSOL Energy by 15.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 5,361 shares of the company’s stock valued at $449,000 after acquiring an additional 717 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in CONSOL Energy by 9.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 38,521 shares of the company’s stock worth $3,227,000 after purchasing an additional 3,427 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

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.