CONSOL Energy (NYSE:CEIX) Shares Down 3.6% – What’s Next?

CONSOL Energy Inc. (NYSE:CEIX) traded down 3.6% during trading on Tuesday . The stock traded as low as $97.30 and last traded at $98.24. 89,808 shares traded hands during trading, a decline of 93% from the average session volume of 1,379,867 shares. The stock had previously closed at $101.95.

Analysts Set New Price Targets

Several research firms have issued reports on CEIX. Benchmark lifted their price target on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th. B. Riley boosted their target price on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

CONSOL Energy Price Performance

The company’s 50-day moving average is $117.05 and its 200 day moving average is $106.27. The stock has a market capitalization of $2.96 billion, a PE ratio of 7.39 and a beta of 1.80. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The business had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. During the same quarter in the prior year, the business posted $3.11 EPS. CONSOL Energy’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts anticipate that CONSOL Energy Inc. will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of ∞. CONSOL Energy’s dividend payout ratio (DPR) is 7.34%.

Institutional Trading of CONSOL Energy

Several large investors have recently added to or reduced their stakes in CEIX. Geode Capital Management LLC lifted its holdings in shares of CONSOL Energy by 4.4% during the third quarter. Geode Capital Management LLC now owns 751,044 shares of the company’s stock worth $78,609,000 after purchasing an additional 31,310 shares during the period. FMR LLC raised its position in CONSOL Energy by 266.2% during the 3rd quarter. FMR LLC now owns 41,874 shares of the company’s stock worth $4,382,000 after buying an additional 30,440 shares during the last quarter. Samlyn Capital LLC acquired a new stake in CONSOL Energy during the 2nd quarter valued at approximately $36,033,000. Royce & Associates LP boosted its holdings in shares of CONSOL Energy by 141.5% in the 3rd quarter. Royce & Associates LP now owns 10,695 shares of the company’s stock valued at $1,119,000 after acquiring an additional 6,266 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of CONSOL Energy by 54.0% in the third quarter. Intech Investment Management LLC now owns 13,055 shares of the company’s stock worth $1,366,000 after acquiring an additional 4,575 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.