CONSOL Energy Inc. (NYSE:CEIX) to Post Q1 2024 Earnings of $2.19 Per Share, B. Riley Forecasts

CONSOL Energy Inc. (NYSE:CEIX) – Equities researchers at B. Riley upped their Q1 2024 EPS estimates for shares of CONSOL Energy in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $2.19 for the quarter, up from their prior forecast of $2.11. B. Riley currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share.

CONSOL Energy Price Performance

CONSOL Energy stock opened at $84.00 on Thursday. The company’s fifty day moving average price is $83.74 and its 200 day moving average price is $94.33. CONSOL Energy has a 1 year low of $53.40 and a 1 year high of $114.30. The stock has a market capitalization of $2.49 billion, a P/E ratio of 4.27 and a beta of 1.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.35.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The firm had revenue of $649.90 million for the quarter, compared to analysts’ expectations of $608.90 million. During the same quarter last year, the company earned $3.89 EPS. The firm’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 CONSOL Energy stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the sale, the chief accounting officer now owns 13,108 shares of the company’s stock, valued at approximately $1,239,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CEIX. Pacer Advisors Inc. raised its holdings in shares of CONSOL Energy by 58.3% during the 4th 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. raised its holdings in shares of CONSOL Energy by 21.0% during the 4th quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock worth $244,994,000 after acquiring an additional 423,338 shares during the period. State Street Corp raised its holdings in CONSOL Energy by 17.5% in the 1st quarter. State Street Corp now owns 2,740,648 shares of the company’s stock valued at $159,698,000 after buying an additional 407,651 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in CONSOL Energy in the 3rd quarter valued at about $31,922,000. Finally, Tejara Capital Ltd purchased a new stake in CONSOL Energy in the 4th quarter valued at about $17,904,000. 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.