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

CONSOL Energy Inc. (NYSE:CEIX) 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 trading hands.

Wall Street Analysts Forecast Growth

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 note on Wednesday, February 7th.

CONSOL Energy Trading Up 3.0 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.35. The business has a fifty day simple moving average of $86.97 and a 200 day simple moving average of $95.88. The company has a market cap of $2.46 billion, a P/E ratio of 4.22 and a beta of 1.77.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Tuesday, February 6th. The company reported $5.05 EPS for the quarter, topping analysts’ consensus estimates of $4.28 by $0.77. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The company had revenue of $649.90 million for the quarter, compared to the consensus estimate of $608.90 million. During the same quarter last year, the business posted $3.89 EPS. CONSOL Energy’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that CONSOL Energy Inc. will post 12.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO John Rothka sold 2,000 shares of the firm’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 sale, the chief accounting officer now owns 13,108 shares of the company’s stock, valued at approximately $1,239,492.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.49% of the company’s stock.

Institutional Trading of CONSOL Energy

Several hedge funds have recently added to or reduced their stakes in CEIX. Envestnet Asset Management Inc. bought a new stake in CONSOL Energy during the 1st quarter valued at $257,000. ProShare Advisors LLC acquired a new position in shares of CONSOL Energy during the 1st quarter valued at $284,000. HighTower Advisors LLC acquired a new position in shares of CONSOL Energy during the 1st quarter valued at $315,000. Citigroup Inc. increased its position in shares of CONSOL Energy by 6.3% during the 1st quarter. Citigroup Inc. now owns 29,430 shares of the company’s stock valued at $1,107,000 after purchasing an additional 1,739 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of CONSOL Energy during the 1st quarter valued at $1,091,000. 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.