CONSOL Energy (NYSE:CEIX) Price Target Raised to $109.00 at B. Riley

CONSOL Energy (NYSE:CEIX) had its price target raised by B. Riley from $103.00 to $109.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

CONSOL Energy Stock Performance

CEIX opened at $91.40 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. The business has a fifty day simple moving average of $97.59 and a 200 day simple moving average of $92.00. CONSOL Energy has a 1 year low of $75.43 and a 1 year high of $114.30. The company has a market capitalization of $2.69 billion, a PE ratio of 5.54 and a beta of 1.77.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The business had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. During the same period last year, the firm earned $4.94 earnings per share. Research analysts expect that CONSOL Energy will post 11.46 EPS for the current year.

CONSOL Energy Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Friday, August 30th. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.52%.

Insider Activity at CONSOL Energy

In related news, CEO James A. Brock sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the completion of the transaction, the chief executive officer now directly owns 529,487 shares in the company, valued at approximately $52,710,430.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CONSOL Energy

Several large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new position in CONSOL Energy in the fourth quarter valued at approximately $28,000. Parallel Advisors LLC increased its position in CONSOL Energy by 101.4% in the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after buying an additional 150 shares in the last quarter. Blue Trust Inc. grew its position in CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after purchasing an additional 469 shares during the period. CWM LLC raised its holdings in CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after buying an additional 220 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of CONSOL Energy in the first quarter valued at $56,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.