Q2 2024 Earnings Estimate for CONSOL Energy Inc. Issued By B. Riley (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – Analysts at B. Riley lowered their Q2 2024 EPS estimates for shares of CONSOL Energy in a report released on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will earn $1.90 per share for the quarter, down from their previous estimate of $1.97. B. Riley currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share. B. Riley also issued estimates for CONSOL Energy’s Q3 2024 earnings at $3.36 EPS and Q4 2024 earnings at $3.56 EPS.

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

CONSOL Energy Stock Down 1.8 %

Shares of NYSE CEIX opened at $84.00 on Wednesday. The firm’s 50-day moving average price is $83.74 and its 200-day moving average price is $94.33. 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 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 12-month low of $53.40 and a 12-month high of $114.30.

Hedge Funds Weigh In On CONSOL Energy

Several institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. acquired a new position in CONSOL Energy during the fourth quarter valued at $28,000. Parallel Advisors LLC lifted its position in CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares during the period. Parkside Financial Bank & Trust lifted its position in CONSOL Energy by 866.7% during the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock valued at $49,000 after purchasing an additional 416 shares during the period. FSC Wealth Advisors LLC acquired a new position in shares of CONSOL Energy in the third quarter worth about $50,000. Finally, Quadrant Capital Group LLC raised its position in shares of CONSOL Energy by 41.7% in the fourth 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. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO John Rothka sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the sale, the chief accounting officer now directly owns 13,108 shares of the company’s stock, valued at approximately $1,239,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

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.