B. Riley Issues Positive Outlook for CONSOL Energy Earnings

CONSOL Energy Inc. (NYSE:CEIX) – Research analysts at B. Riley boosted their FY2024 earnings per share estimates for CONSOL Energy in a research report issued on Wednesday, November 6th. B. Riley analyst L. Pipes now anticipates that the company will earn $11.57 per share for the year, up from their prior estimate of $11.50. B. Riley currently has a “Buy” rating and a $138.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.50 per share. B. Riley also issued estimates for CONSOL Energy’s Q4 2024 earnings at $3.00 EPS and FY2025 earnings at $15.99 EPS.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) 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 EPS. CONSOL Energy’s revenue for the quarter was up .9% compared to the same quarter last year.

CONSOL Energy Stock Up 0.3 %

Shares of NYSE:CEIX opened at $128.02 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. CONSOL Energy has a fifty-two week low of $75.43 and a fifty-two week high of $129.97. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 9.40 and a beta of 1.73. The firm’s 50 day moving average price is $104.38 and its 200 day moving average price is $98.73.

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. CONSOL Energy’s payout ratio is currently 7.34%.

Institutional Trading of CONSOL Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CEIX. Intech Investment Management LLC raised its position in shares of CONSOL Energy by 54.0% during the 3rd quarter. Intech Investment Management LLC now owns 13,055 shares of the company’s stock worth $1,366,000 after acquiring an additional 4,575 shares in the last quarter. Moran Wealth Management LLC increased its stake in CONSOL Energy by 1.4% in the third quarter. Moran Wealth Management LLC now owns 31,984 shares of the company’s stock valued at $3,347,000 after purchasing an additional 450 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in CONSOL Energy by 13.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,828 shares of the company’s stock worth $715,000 after purchasing an additional 804 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of CONSOL Energy during the 3rd quarter worth approximately $145,000. Finally, Quest Partners LLC acquired a new position in shares of CONSOL Energy in the 3rd quarter valued at $104,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.