CONSOL Energy (NYSE:CEIX) Shares Gap Down to $86.35

CONSOL Energy Inc. (NYSE:CEIX)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $86.35, but opened at $79.81. CONSOL Energy shares last traded at $79.16, with a volume of 503,537 shares traded.

Analyst Ratings Changes

Separately, B. Riley lowered their price objective on CONSOL Energy from $111.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

CONSOL Energy Stock Performance

The firm has a 50 day moving average of $86.97 and a two-hundred day moving average of $95.88. The stock has a market cap of $2.46 billion, a PE ratio of 4.22 and a beta of 1.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share for the quarter, topping the consensus estimate of $4.28 by $0.77. The firm 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 revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.89 earnings per share. Research analysts predict that CONSOL Energy Inc. will post 12.66 EPS for the current fiscal year.

Insider Buying and Selling

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the completion of the sale, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On CONSOL Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CEIX. Pacer Advisors Inc. lifted its stake in CONSOL Energy by 58.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock valued at $121,462,000 after buying an additional 445,155 shares during the last quarter. Vanguard Group Inc. lifted its stake in CONSOL Energy by 21.0% in the fourth quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock valued at $244,994,000 after buying an additional 423,338 shares during the last quarter. State Street Corp lifted its stake in CONSOL Energy by 17.5% in the first quarter. State Street Corp now owns 2,740,648 shares of the company’s stock valued at $159,698,000 after buying an additional 407,651 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of CONSOL Energy in the third quarter valued at approximately $31,922,000. Finally, Tejara Capital Ltd acquired a new position in shares of CONSOL Energy in the fourth quarter valued at approximately $17,904,000. Hedge funds and other 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.