CONSOL Energy Inc. (NYSE:CEIX) to Post Q1 2024 Earnings of $2.19 Per Share, B. Riley Forecasts

CONSOL Energy Inc. (NYSE:CEIX) – Stock analysts at B. Riley upped their Q1 2024 EPS estimates for shares of CONSOL Energy in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of $2.19 for the quarter, up from their prior forecast of $2.11. B. Riley currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share.

CONSOL Energy Stock Performance

CEIX opened at $84.00 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 4.27 and a beta of 1.76. The company’s 50 day moving average is $83.74 and its 200 day moving average is $94.33. CONSOL Energy has a 12-month low of $53.40 and a 12-month high of $114.30.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $5.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.28 by $0.77. The company had revenue of $649.90 million for the quarter, compared to the consensus estimate of $608.90 million. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.89 earnings per share.

Insider Buying and Selling

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the sale, the chief accounting officer now owns 13,108 shares in the company, valued at approximately $1,239,492.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CONSOL Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new stake in shares of CONSOL Energy during the first quarter valued at approximately $257,000. ProShare Advisors LLC bought a new stake in shares of CONSOL Energy during the first quarter valued at approximately $284,000. HighTower Advisors LLC bought a new stake in shares of CONSOL Energy during the first quarter valued at approximately $315,000. Citigroup Inc. raised its position in shares of CONSOL Energy by 6.3% during the first quarter. Citigroup Inc. now owns 29,430 shares of the company’s stock valued at $1,107,000 after buying an additional 1,739 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of CONSOL Energy during the first quarter valued at approximately $1,091,000. Institutional investors own 86.54% of the company’s stock.

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.