CONSOL Energy (NYSE:CEIX) Trading Up 6.9% on Strong Earnings

Shares of CONSOL Energy Inc. (NYSE:CEIX) rose 6.9% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $89.23 and last traded at $89.23. Approximately 55,761 shares were traded during trading, a decline of 90% from the average daily volume of 536,141 shares. The stock had previously closed at $83.48.

The company reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $1.20. The business had revenue of $565.00 million during the quarter, compared to the consensus estimate of $516.85 million. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The company’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.55 EPS.

Wall Street Analysts Forecast Growth

Separately, B. Riley reduced their price objective on CONSOL Energy from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th.

Insider Buying and Selling at CONSOL Energy

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,108 shares of the company’s stock, valued at $1,239,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CONSOL Energy

Several large investors have recently added to or reduced their stakes in CEIX. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of CONSOL Energy during the 4th quarter valued at $28,000. Parallel Advisors LLC increased its stake in CONSOL Energy by 101.4% during the 4th 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. Parkside Financial Bank & Trust lifted its stake in shares of CONSOL Energy by 866.7% during the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock worth $49,000 after buying an additional 416 shares during the period. GAMMA Investing LLC acquired a new position in shares of CONSOL Energy in the 4th quarter valued at $74,000. Finally, Quadrant Capital Group LLC raised its stake in CONSOL Energy by 41.7% in the 4th quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock worth $77,000 after acquiring an additional 226 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

CONSOL Energy Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.35. The stock has a 50 day moving average of $84.74 and a 200-day moving average of $92.21. The company has a market cap of $2.60 billion, a PE ratio of 5.33 and a beta of 1.77.

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.