B. Riley Analysts Decrease Earnings Estimates for CONSOL Energy Inc. (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – Analysts at B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for CONSOL Energy in a research report issued on Wednesday, October 9th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of $3.16 per share for the quarter, down from their previous estimate of $3.17. B. Riley currently has a “Buy” rating and a $138.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.53 per share. B. Riley also issued estimates for CONSOL Energy’s Q4 2024 earnings at $2.99 EPS and FY2024 earnings at $11.50 EPS.

CONSOL Energy Trading Up 1.3 %

NYSE:CEIX opened at $110.68 on Friday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 6.71 and a beta of 1.73. 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 company has a fifty day moving average of $97.60 and a 200 day moving average of $94.82. CONSOL Energy has a 52 week low of $75.43 and a 52 week high of $114.30.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.96 earnings per share for the quarter, beating 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 the consensus estimate of $429.90 million. During the same quarter in the previous year, the company posted $4.94 earnings per share.

Institutional Investors Weigh In On CONSOL Energy

A number of large investors have recently made changes to their positions in CEIX. Vanguard Group Inc. lifted its stake in CONSOL Energy by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock worth $214,602,000 after acquiring an additional 125,087 shares during the period. American Century Companies Inc. lifted its position in shares of CONSOL Energy by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock worth $62,370,000 after purchasing an additional 38,669 shares during the period. Samlyn Capital LLC purchased a new stake in shares of CONSOL Energy in the 2nd quarter worth about $36,033,000. Hennessy Advisors Inc. boosted its stake in shares of CONSOL Energy by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock valued at $28,466,000 after purchasing an additional 42,800 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its position in shares of CONSOL Energy by 13.1% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 197,822 shares of the company’s stock valued at $20,184,000 after buying an additional 22,900 shares during the period. 86.54% of the stock is currently owned by institutional investors.

CONSOL Energy Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.25 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s dividend payout ratio (DPR) is 1.52%.

About CONSOL Energy

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.