CONSOL Energy Inc. to Post Q1 2024 Earnings of $2.19 Per Share, B. Riley Forecasts (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX - Free Report) - Equities research analysts at B. Riley lifted their Q1 2024 earnings per share estimates for CONSOL Energy in a research report issued on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $2.19 for the quarter, up from their prior estimate of $2.11. B. Riley currently has a "Buy" rating and a $98.00 price target on the stock. The consensus estimate for CONSOL Energy's current full-year earnings is $11.02 per share.

CONSOL Energy Stock Performance

Shares of NYSE CEIX traded down $1.52 during mid-day trading on Thursday, hitting $84.00. The company had a trading volume of 292,634 shares, compared to its average volume of 575,471. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 4.27 and a beta of 1.76. CONSOL Energy has a 1 year low of $53.40 and a 1 year high of $114.30. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The stock's 50-day moving average price is $83.74 and its 200-day moving average price is $94.33.

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

Insider Activity

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the sale, the chief accounting officer now owns 13,108 shares of the company's stock, valued at $1,239,492.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On CONSOL Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. bought a new stake in shares of CONSOL Energy in the 4th quarter valued at about $28,000. Parallel Advisors LLC grew its holdings in shares of CONSOL Energy by 101.4% during the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company's stock worth $30,000 after acquiring an additional 150 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of CONSOL Energy by 866.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the company's stock worth $49,000 after acquiring an additional 416 shares during the period. FSC Wealth Advisors LLC purchased a new position in shares of CONSOL Energy during the 3rd quarter worth approximately $50,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of CONSOL Energy by 41.7% during the 4th quarter. Quadrant Capital Group LLC now owns 768 shares of the company's stock worth $77,000 after acquiring an additional 226 shares during the period. Institutional investors 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.