Consol Energy (CEIX) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Consol Energy (NYSE:CEIX) released its quarterly earnings data on Thursday. The company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.16, MarketWatch Earnings reports. The business had revenue of $370.70 million for the quarter, compared to the consensus estimate of $413.40 million. The company’s revenue was up 22.1% on a year-over-year basis.

Consol Energy opened at $46.38 on Friday, according to MarketBeat.com. Consol Energy has a 52 week low of $19.51 and a 52 week high of $48.12. The company has a market capitalization of $1.17 billion and a price-to-earnings ratio of 10.31. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.12.

Several equities analysts have recently weighed in on CEIX shares. Zacks Investment Research cut Consol Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Seaport Global Securities set a $52.00 target price on Consol Energy and gave the company a “buy” rating in a research note on Thursday. B. Riley boosted their target price on Consol Energy from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 10th. Finally, Stifel Nicolaus initiated coverage on Consol Energy in a research note on Wednesday, June 27th. They issued a “hold” rating and a $40.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.75.

In other news, Director John T. Mills sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $42.33, for a total transaction of $253,980.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.71% of the company’s stock.

About Consol Energy

CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.

Further Reading: Short Selling Stocks, A Beginner’s Guide

Receive News & Ratings for Consol Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consol Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply