Zacks: Consol Energy Inc (CEIX) Receives Average Recommendation of “Buy” from Brokerages

Shares of Consol Energy Inc (NYSE:CEIX) have been assigned a consensus broker rating score of 1.50 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and three have given a strong buy rating to the company.

Analysts have set a one year consensus price target of $47.25 for the company and are forecasting that the company will post $0.83 earnings per share for the current quarter, according to Zacks. Zacks has also given Consol Energy an industry rank of 78 out of 255 based on the ratings given to its competitors.

CEIX has been the topic of a number of recent analyst reports. Seaport Global Securities set a $50.00 price objective on Consol Energy and gave the company a “buy” rating in a research note on Saturday, February 9th. Zacks Investment Research downgraded Consol Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, ValuEngine raised Consol Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

Consol Energy stock traded down $0.41 during mid-day trading on Monday, reaching $33.23. 340,740 shares of the company were exchanged, compared to its average volume of 264,147. Consol Energy has a 12 month low of $29.34 and a 12 month high of $48.12. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.96 and a quick ratio of 0.86. The firm has a market cap of $917.41 million, a PE ratio of 6.18 and a beta of 0.87.

Consol Energy (NYSE:CEIX) last released its quarterly earnings data on Friday, February 8th. The company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.65. The company had revenue of $347.80 million for the quarter, compared to the consensus estimate of $352.30 million. Consol Energy had a return on equity of 32.47% and a net margin of 9.99%. Consol Energy’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the business posted ($1.04) EPS. Sell-side analysts expect that Consol Energy will post 3.16 earnings per share for the current fiscal year.

In related news, SVP James J. Mccaffrey sold 1,738 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.40, for a total value of $66,739.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its position in Consol Energy by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 19,797 shares of the company’s stock valued at $628,000 after buying an additional 435 shares in the last quarter. Texas Permanent School Fund increased its holdings in Consol Energy by 3.2% during the 4th quarter. Texas Permanent School Fund now owns 18,178 shares of the company’s stock worth $576,000 after purchasing an additional 558 shares in the last quarter. Strs Ohio increased its holdings in Consol Energy by 3.6% during the 4th quarter. Strs Ohio now owns 23,200 shares of the company’s stock worth $735,000 after purchasing an additional 800 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Consol Energy by 64.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,091 shares of the company’s stock worth $70,000 after purchasing an additional 822 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in Consol Energy by 4.4% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,718 shares of the company’s stock worth $974,000 after purchasing an additional 1,300 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

About Consol Energy

CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.

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