CONSOL Energy (NYSE:CEIX) Stock Price Up 4.9%

CONSOL Energy Inc. (NYSE:CEIX) shares shot up 4.9% during trading on Wednesday . The company traded as high as $84.93 and last traded at $84.45. 196,437 shares were traded during trading, a decline of 67% from the average session volume of 598,376 shares. The stock had previously closed at $80.50.

Analyst Ratings Changes

Separately, B. Riley decreased their target price on CONSOL Energy from $111.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

CONSOL Energy Price Performance

The company’s 50-day simple moving average is $86.66 and its 200-day simple moving average is $95.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 4.27 and a beta of 1.77.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share for the quarter, beating analysts’ consensus estimates of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The business had revenue of $649.90 million during the quarter, compared to analyst estimates of $608.90 million. During the same period last year, the business earned $3.89 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that CONSOL Energy Inc. will post 12.66 EPS for the current year.

Insider Activity

In related news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the transaction, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.49% of the company’s stock.

Institutional Trading of CONSOL Energy

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new position in CONSOL Energy during the 1st quarter worth $257,000. ProShare Advisors LLC acquired a new position in CONSOL Energy in the first quarter worth about $284,000. HighTower Advisors LLC bought a new stake in CONSOL Energy in the first quarter valued at about $315,000. Citigroup Inc. raised its stake in CONSOL Energy by 6.3% during the first quarter. Citigroup Inc. now owns 29,430 shares of the company’s stock valued at $1,107,000 after buying an additional 1,739 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in CONSOL Energy during the 1st quarter worth approximately $1,091,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

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.