B. Riley Comments on CONSOL Energy Inc.’s Q2 2024 Earnings (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – Investment analysts at B. Riley reduced their Q2 2024 EPS estimates for CONSOL Energy in a research report issued to clients and investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will earn $1.90 per share for the quarter, down from their previous forecast of $1.97. B. Riley currently has a “Buy” rating and a $98.00 price objective on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share. B. Riley also issued estimates for CONSOL Energy’s Q3 2024 earnings at $3.36 EPS and Q4 2024 earnings at $3.56 EPS.

CONSOL Energy Stock Performance

Shares of CEIX opened at $85.50 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.35. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 4.35 and a beta of 1.76. The company’s 50 day simple moving average is $83.78 and its 200 day simple moving average is $94.40. CONSOL Energy has a 1 year low of $53.40 and a 1 year high of $114.30.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The company had revenue of $649.90 million for the quarter, compared to the consensus estimate of $608.90 million. During the same quarter in the prior year, the firm earned $3.89 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year.

Insider Activity at CONSOL Energy

In related news, CAO John Rothka sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the transaction, the chief accounting officer now owns 13,108 shares of the company’s stock, valued at $1,239,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On CONSOL Energy

Several institutional investors and hedge funds have recently modified their holdings of CEIX. Benjamin F. Edwards & Company Inc. purchased a new position in CONSOL Energy during the fourth quarter worth approximately $28,000. Parallel Advisors LLC raised its stake in CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after purchasing an additional 150 shares during the period. Parkside Financial Bank & Trust raised its stake in CONSOL Energy by 866.7% during the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock worth $49,000 after purchasing an additional 416 shares during the period. FSC Wealth Advisors LLC purchased a new position in CONSOL Energy during the third quarter worth approximately $50,000. Finally, Quarry LP raised its stake in CONSOL Energy by 109.0% during the first quarter. Quarry LP now owns 903 shares of the company’s stock worth $53,000 after purchasing an additional 471 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.