CONSOL Energy (NYSE:CEIX) Sees Strong Trading Volume – Should You Buy?

CONSOL Energy Inc. (NYSE:CEIX) saw strong trading volume on Monday . 1,669,761 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 842,885 shares.The stock last traded at $100.47 and had previously closed at $100.59.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CEIX. Benchmark increased their price target on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th. B. Riley upped their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Price Performance

The stock has a market cap of $3.00 billion, a PE ratio of 7.48 and a beta of 1.80. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average is $117.43 and its 200 day moving average is $106.24.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. During the same period in the prior year, the firm earned $3.11 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, November 15th. CONSOL Energy’s dividend payout ratio is currently 7.34%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its holdings in shares of CONSOL Energy by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the company’s stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. Sound Income Strategies LLC acquired a new position in CONSOL Energy during the 3rd quarter valued at approximately $51,000. AdvisorNet Financial Inc bought a new position in CONSOL Energy during the 4th quarter worth $64,000. ORG Wealth Partners LLC bought a new stake in CONSOL Energy in the fourth quarter valued at $103,000. Finally, Quest Partners LLC bought a new stake in CONSOL Energy in the third quarter valued at $104,000. 86.54% of the stock is currently owned by institutional investors.

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.