CONSOL Energy Inc. (NYSE:CEIX) Short Interest Down 10.2% in September

CONSOL Energy Inc. (NYSE:CEIX) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 1,580,000 shares, a drop of 10.2% from the August 31st total of 1,760,000 shares. Based on an average daily volume of 460,900 shares, the days-to-cover ratio is currently 3.4 days. Approximately 5.5% of the shares of the company are short sold.

CONSOL Energy Price Performance

NYSE:CEIX traded up $0.20 during trading hours on Friday, hitting $104.33. The company’s stock had a trading volume of 370,038 shares, compared to its average volume of 485,452. The business’s 50-day moving average is $95.96 and its two-hundred day moving average is $93.16. The company has a market capitalization of $3.07 billion, a PE ratio of 6.33 and a beta of 1.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. CONSOL Energy has a 52-week low of $75.43 and a 52-week high of $114.30.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The firm had revenue of $501.10 million during the quarter, compared to analysts’ expectations of $429.90 million. During the same quarter in the prior year, the business posted $4.94 earnings per share. As a group, research analysts anticipate that CONSOL Energy will post 11.54 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy’s dividend payout ratio is presently 1.52%.

Wall Street Analyst Weigh In

Separately, B. Riley increased their price target on CONSOL Energy from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, September 6th.

Institutional Investors Weigh In On CONSOL Energy

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in shares of CONSOL Energy by 101.4% in the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. Blue Trust Inc. grew its holdings in CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after buying an additional 469 shares during the last quarter. CWM LLC increased its position in CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after buying an additional 220 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of CONSOL Energy in the first quarter worth $56,000. Finally, GAMMA Investing LLC raised its holdings in shares of CONSOL Energy by 54.1% in the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after acquiring an additional 309 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.