CONSOL Energy (NYSE:CEIX) Hits New 1-Year High – What’s Next?

CONSOL Energy Inc. (NYSE:CEIX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $131.31 and last traded at $130.67, with a volume of 103283 shares. The stock had previously closed at $126.01.

Wall Street Analysts Forecast Growth

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

CONSOL Energy Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a fifty day simple moving average of $110.35 and a 200-day simple moving average of $101.29. The firm has a market cap of $3.87 billion, a P/E ratio of 9.67 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. During the same quarter last year, the company earned $3.11 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts expect that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.76%. CONSOL Energy’s dividend payout ratio is presently 7.34%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CEIX. Blue Trust Inc. lifted its holdings in shares of CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after purchasing an additional 469 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of CONSOL Energy during the third quarter valued at approximately $51,000. CWM LLC increased its position in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after acquiring an additional 220 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CONSOL Energy during the first quarter valued at approximately $56,000. Finally, GAMMA Investing LLC increased its position in shares of CONSOL Energy by 54.1% during the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after acquiring an additional 309 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

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.