CONSOL Energy Inc. Expected to Earn Q2 2024 Earnings of $1.90 Per Share (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX - Free Report) - Stock analysts at B. Riley reduced their Q2 2024 earnings per share estimates for shares of CONSOL Energy in a research report issued on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will earn $1.90 per share for the quarter, down from their prior estimate of $1.97. B. Riley currently has a "Buy" rating and a $98.00 target price on the stock. The consensus estimate for CONSOL Energy's current full-year earnings is $11.02 per share. B. Riley also issued estimates for CONSOL Energy's Q3 2024 earnings at $3.36 EPS and Q4 2024 earnings at $3.56 EPS.

CONSOL Energy Stock Down 3.3 %

NYSE:CEIX traded down $2.90 during trading hours on Wednesday, hitting $85.50. 478,821 shares of the stock traded hands, compared to its average volume of 579,294. The firm has a 50 day moving average price of $83.78 and a 200 day moving average price of $94.40. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. CONSOL Energy has a fifty-two week low of $53.40 and a fifty-two week high of $114.30. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 4.35 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX - Get Free Report) last announced its earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The company had revenue of $649.90 million for the quarter, compared to the consensus estimate of $608.90 million. During the same period in the previous year, the business earned $3.89 EPS. The company's revenue was up 2.0% on a year-over-year basis.

Insider Transactions at CONSOL Energy

In other news, CAO John Rothka sold 2,000 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the transaction, the chief accounting officer now directly owns 13,108 shares of the company's stock, valued at $1,239,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CONSOL Energy

Hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. acquired a new position in shares of CONSOL Energy in the fourth quarter worth $28,000. Parallel Advisors LLC increased its position in CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company's stock worth $30,000 after buying an additional 150 shares during the last quarter. Parkside Financial Bank & Trust increased its position in 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 last quarter. FSC Wealth Advisors LLC acquired a new position in CONSOL Energy during the third quarter worth $50,000. Finally, Quadrant Capital Group LLC increased its position in CONSOL Energy by 41.7% during the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company's stock worth $77,000 after buying an additional 226 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.