CONSOL Energy Inc. (NYSE:CEIX) to Post Q2 2022 Earnings of $1.99 Per Share, B. Riley Forecasts

CONSOL Energy Inc. (NYSE:CEIXGet Rating) – Research analysts at B. Riley lowered their Q2 2022 earnings per share estimates for CONSOL Energy in a note issued to investors on Thursday, May 5th. B. Riley analyst L. Pipes now forecasts that the company will post earnings of $1.99 per share for the quarter, down from their previous estimate of $2.35. B. Riley also issued estimates for CONSOL Energy’s Q3 2022 earnings at $2.21 EPS, Q4 2022 earnings at $2.39 EPS, FY2022 earnings at $9.48 EPS, Q1 2023 earnings at $6.18 EPS, Q2 2023 earnings at $6.18 EPS, Q3 2023 earnings at $5.04 EPS, Q4 2023 earnings at $5.04 EPS, FY2023 earnings at $22.46 EPS and FY2024 earnings at $5.12 EPS.

CONSOL Energy (NYSE:CEIXGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($1.98). The firm had revenue of $358.53 million for the quarter, compared to analyst estimates of $354.10 million. CONSOL Energy had a return on equity of 20.76% and a net margin of 0.26%. During the same period last year, the firm earned $0.75 EPS.

CEIX has been the subject of a number of other research reports. Zacks Investment Research upgraded CONSOL Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Thursday, March 10th. TheStreet upgraded CONSOL Energy from a “d+” rating to a “c” rating in a research note on Tuesday, February 8th.

CEIX opened at $53.96 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.73. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -5,396.00 and a beta of 2.03. The business has a 50-day moving average of $39.99 and a two-hundred day moving average of $30.06. CONSOL Energy has a 12 month low of $12.51 and a 12 month high of $55.26.

In other CONSOL Energy news, insider Kurt R. Salvatori sold 6,995 shares of the firm’s stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of $42.04, for a total value 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in CONSOL Energy by 67.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,356 shares of the company’s stock valued at $35,000 after acquiring an additional 546 shares during the period. Captrust Financial Advisors grew its position in shares of CONSOL Energy by 97.3% in 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 during the last quarter. Confluence Wealth Services Inc. acquired a new stake in CONSOL Energy during the fourth quarter worth approximately $75,000. Mutual of America Capital Management LLC grew its position in CONSOL Energy by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 4,571 shares of the company’s stock worth $172,000 after buying an additional 237 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in 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 worth $147,000 after buying an additional 5,418 shares in the last quarter. 74.53% of the stock is owned by 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.

See Also

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

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