B. Riley Comments on Consol Energy Inc’s Q1 2019 Earnings (CEIX)

Consol Energy Inc (NYSE:CEIX) – Investment analysts at B. Riley lowered their Q1 2019 earnings per share estimates for shares of Consol Energy in a research report issued on Monday, February 11th. B. Riley analyst L. Pipes now expects that the company will earn $0.70 per share for the quarter, down from their previous estimate of $0.76. B. Riley has a “Buy” rating and a $50.00 price target on the stock. B. Riley also issued estimates for Consol Energy’s Q2 2019 earnings at $0.84 EPS.

Consol Energy (NYSE:CEIX) last posted its earnings results on Friday, February 8th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.65. The business had revenue of $347.80 million for the quarter, compared to analysts’ expectations of $352.30 million. Consol Energy had a net margin of 9.99% and a return on equity of 34.43%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.04) EPS.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Consol Energy from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Consol Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Seaport Global Securities set a $50.00 target price on shares of Consol Energy and gave the company a “buy” rating in a research note on Saturday, February 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.75.

CEIX opened at $35.37 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.85. The stock has a market cap of $923.06 million, a price-to-earnings ratio of 6.57 and a beta of 0.96. Consol Energy has a 52-week low of $26.62 and a 52-week high of $48.12.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors purchased a new stake in shares of Consol Energy during the 3rd quarter valued at about $31,806,000. BlackRock Inc. increased its position in shares of Consol Energy by 10.4% during the 3rd quarter. BlackRock Inc. now owns 4,123,750 shares of the company’s stock valued at $168,288,000 after purchasing an additional 389,866 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of Consol Energy during the 4th quarter valued at about $9,630,000. Marshall Wace LLP purchased a new stake in shares of Consol Energy during the 3rd quarter valued at about $11,994,000. Finally, Deutsche Bank AG increased its position in shares of Consol Energy by 243.4% during the 3rd quarter. Deutsche Bank AG now owns 382,136 shares of the company’s stock valued at $15,593,000 after purchasing an additional 270,865 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

About Consol Energy

CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.

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Earnings History and Estimates for Consol Energy (NYSE:CEIX)

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