CONSOL Energy Inc. (NYSE:CEIX) Short Interest Down 21.8% in March

CONSOL Energy Inc. (NYSE:CEIXGet Rating) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,220,000 shares, a drop of 21.8% from the March 15th total of 1,560,000 shares. Based on an average trading volume of 611,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.6% of the shares of the stock are sold short.

Shares of CONSOL Energy stock opened at $48.78 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.73. The business’s 50 day simple moving average is $34.59 and its two-hundred day simple moving average is $28.45. The stock has a market capitalization of $1.70 billion, a P/E ratio of 56.07 and a beta of 2.37. CONSOL Energy has a one year low of $8.65 and a one year high of $49.39.

CONSOL Energy (NYSE:CEIXGet Rating) last posted its earnings results on Tuesday, February 8th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.31. CONSOL Energy had a return on equity of 13.71% and a net margin of 2.71%. The firm had revenue of $480.63 million for the quarter, compared to analysts’ expectations of $319.70 million. Sell-side analysts expect that CONSOL Energy will post 11.73 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on CEIX shares. TheStreet raised CONSOL Energy from a “d+” rating to a “c” rating in a report on Tuesday, February 8th. Zacks Investment Research raised CONSOL Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Thursday, March 10th.

In other news, insider Kurt R. Salvatori sold 6,995 shares of CONSOL Energy stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $42.04, for a total transaction of $294,069.80. Following the completion of the sale, the insider now owns 30,731 shares in the company, valued at approximately $1,291,931.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of CONSOL Energy by 67.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,356 shares of the company’s stock valued at $35,000 after purchasing an additional 546 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of CONSOL Energy by 97.3% during the third quarter. Captrust Financial Advisors now owns 1,839 shares of the company’s stock valued at $48,000 after purchasing an additional 907 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in shares of CONSOL Energy during the fourth quarter valued at approximately $75,000. O Shaughnessy Asset Management LLC boosted its position in shares of CONSOL Energy by 2,451.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 5,639 shares of the company’s stock valued at $147,000 after purchasing an additional 5,418 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of CONSOL Energy during the fourth quarter valued at approximately $153,000. 84.78% of the stock is currently owned by hedge funds and other institutional investors.

CONSOL Energy Company Profile (Get Rating)

CONSOL Energy Inc produces and exports bituminous coal in the United States. It operates through PAMC, CONSOL Marine Terminal, and Other segments. The company engages in the mining, preparation, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users; and provision of coal export terminal services, as well as development of the Itmann Mine and the Greenfield reserves.

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