Benchmark Issues Positive Forecast for CONSOL Energy (NYSE:CEIX) Stock Price

CONSOL Energy (NYSE:CEIX) had its target price lifted by Benchmark from $105.00 to $140.00 in a research report sent to investors on Monday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Separately, B. Riley increased their price objective on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Stock Performance

Shares of CEIX opened at $126.06 on Monday. The firm has a fifty day moving average of $109.57 and a 200-day moving average of $101.07. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 9.26 and a beta of 1.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. CONSOL Energy has a 1 year low of $75.43 and a 1 year high of $130.47.

CONSOL Energy (NYSE:CEIX) last posted its 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 firm had revenue of $574.90 million during the quarter, compared to analyst estimates of $554.00 million. During the same period in the previous year, the business posted $3.11 EPS. CONSOL Energy’s revenue was up .9% on a year-over-year basis. As a group, equities analysts anticipate that CONSOL Energy will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. CONSOL Energy’s dividend payout ratio is presently 7.34%.

Institutional Trading of CONSOL Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in shares of CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after acquiring an additional 469 shares in the last quarter. Sound Income Strategies LLC bought a new position in CONSOL Energy during the 3rd quarter valued at $51,000. CWM LLC increased its position in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares during the period. EntryPoint Capital LLC bought a new stake in shares of CONSOL Energy in the 1st quarter worth $56,000. Finally, GAMMA Investing LLC raised its stake in shares of CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after buying an additional 309 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

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.