CONSOL Energy Sees Unusually High Options Volume (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) saw some unusual options trading on Monday. Traders bought 7,988 call options on the stock. This is an increase of 603% compared to the typical volume of 1,137 call options.

CONSOL Energy Stock Up 1.6 %

Shares of CONSOL Energy stock opened at $84.97 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16. CONSOL Energy has a 1-year low of $53.40 and a 1-year high of $114.30. The business’s fifty day moving average price is $83.71 and its two-hundred day moving average price is $94.58. The company has a market capitalization of $2.52 billion, a P/E ratio of 4.32 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $5.05 earnings per share for the quarter, beating analysts’ consensus estimates of $4.28 by $0.77. The business had revenue of $649.90 million for the quarter, compared to analysts’ expectations of $608.90 million. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.89 earnings per share. As a group, research analysts forecast that CONSOL Energy will post 11.02 EPS for the current year.

Insider Activity

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the sale, the chief accounting officer now directly owns 13,108 shares of the company’s stock, valued at $1,239,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.49% of the company’s stock.

Institutional Trading of CONSOL Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in CONSOL Energy by 58.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock worth $121,462,000 after acquiring an additional 445,155 shares during the period. Vanguard Group Inc. grew its stake in shares of CONSOL Energy by 21.0% in the 4th quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock worth $244,994,000 after purchasing an additional 423,338 shares during the last quarter. State Street Corp raised its holdings in shares of CONSOL Energy by 17.5% in the 1st quarter. State Street Corp now owns 2,740,648 shares of the company’s stock worth $159,698,000 after purchasing an additional 407,651 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of CONSOL Energy in the 3rd quarter worth approximately $31,922,000. Finally, Tejara Capital Ltd acquired a new stake in CONSOL Energy during the fourth quarter valued at approximately $17,904,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley dropped their price target on shares of CONSOL Energy from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th.

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.