CONSOL Energy (NYSE:CEIX) Price Target Raised to $140.00

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

Separately, B. Riley lifted their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

CONSOL Energy Price Performance

CEIX opened at $126.06 on Monday. CONSOL Energy has a twelve month low of $75.43 and a twelve month high of $130.47. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The firm 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 fifty day simple moving average of $109.57 and a 200 day simple moving average of $101.07.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The business had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $554.00 million. During the same quarter in the previous year, the firm posted $3.11 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. Equities research analysts expect that CONSOL Energy will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

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

Institutional Investors Weigh In On CONSOL Energy

A number of institutional investors have recently made changes to their positions in the company. Lake Street Advisors Group LLC acquired a new position in CONSOL Energy in the first quarter worth $750,000. Samlyn Capital LLC bought a new position in shares of CONSOL Energy in the 2nd quarter worth about $36,033,000. Janus Henderson Group PLC boosted its holdings in shares of CONSOL Energy by 53.8% in the 1st quarter. Janus Henderson Group PLC now owns 23,860 shares of the company’s stock valued at $1,999,000 after buying an additional 8,347 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of CONSOL Energy during the 3rd quarter valued at about $3,619,000. Finally, Hourglass Capital LLC grew its position in shares of CONSOL Energy by 41.3% during the 3rd quarter. Hourglass Capital LLC now owns 47,120 shares of the company’s stock valued at $4,931,000 after buying an additional 13,770 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

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.