Analysts Set $23.00 Target Price for Consol Energy Inc (NYSE:CEIX)

Consol Energy Inc (NYSE:CEIX) has been assigned a consensus broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and three have given a strong buy rating to the company.

Analysts have set a 12-month consensus price target of $23.00 for the company and are predicting that the company will post $0.66 EPS for the current quarter, according to Zacks. Zacks has also given Consol Energy an industry rank of 224 out of 255 based on the ratings given to its competitors.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Consol Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 14th. B. Riley set a $27.00 price target on shares of Consol Energy and gave the company a “buy” rating in a research report on Friday, October 25th. Clarkson Capital reiterated a “buy” rating on shares of Consol Energy in a research note on Monday, September 23rd. Finally, ValuEngine raised shares of Consol Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of CEIX stock traded up $0.02 on Friday, reaching $12.73. 227,600 shares of the stock were exchanged, compared to its average volume of 306,168. The stock has a market cap of $330.50 million, a P/E ratio of 2.37 and a beta of 1.02. The company has a quick ratio of 0.75, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average of $13.45 and a two-hundred day moving average of $19.42. Consol Energy has a 1-year low of $11.71 and a 1-year high of $38.74.

Consol Energy (NYSE:CEIX) last issued its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.41). Consol Energy had a net margin of 6.92% and a return on equity of 20.78%. The firm had revenue of $301.54 million during the quarter, compared to analyst estimates of $343.95 million. During the same quarter in the previous year, the business posted $0.20 EPS. Consol Energy’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Consol Energy will post 3.75 EPS for the current fiscal year.

In related news, Director John T. Mills bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of $12.55 per share, with a total value of $50,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its position in Consol Energy by 74.1% in the 2nd quarter. Morgan Stanley now owns 137,279 shares of the company’s stock valued at $3,654,000 after buying an additional 58,430 shares during the last quarter. Rhumbline Advisers raised its position in shares of Consol Energy by 5.8% in the 3rd quarter. Rhumbline Advisers now owns 89,349 shares of the company’s stock valued at $1,397,000 after purchasing an additional 4,890 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Consol Energy by 519.2% in the 2nd quarter. Macquarie Group Ltd. now owns 11,963 shares of the company’s stock valued at $318,000 after purchasing an additional 10,031 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Consol Energy by 45.3% during the 2nd quarter. Renaissance Technologies LLC now owns 608,200 shares of the company’s stock valued at $16,184,000 after buying an additional 189,600 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Consol Energy by 8.3% in the second quarter. Invesco Ltd. now owns 198,457 shares of the company’s stock worth $5,282,000 after buying an additional 15,293 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Consol Energy Company Profile

CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.

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