Consol Energy (CEIX) Shares Down 8.8%
Consol Energy Inc (NYSE:CEIX)’s share price was down 8.8% during trading on Friday . The stock traded as low as $28.60 and last traded at $28.69. Approximately 573,898 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 378,387 shares. The stock had previously closed at $31.46.
Several equities analysts have recently commented on CEIX shares. Stifel Nicolaus decreased their price target on Consol Energy from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. B. Riley reaffirmed a “buy” rating on shares of Consol Energy in a research note on Thursday, November 30th. Finally, Seaport Global Securities started coverage on Consol Energy in a research note on Thursday, November 30th. They set a “buy” rating and a $32.00 target price on the stock.
The company has a debt-to-equity ratio of 2.52, a current ratio of 0.95 and a quick ratio of 0.82. The company has a market cap of $805.28 and a P/E ratio of 6.36.
A number of institutional investors and hedge funds have recently bought and sold shares of CEIX. BlackRock Inc. acquired a new position in Consol Energy during the 4th quarter worth about $110,686,000. Clearbridge Investments LLC acquired a new position in Consol Energy during the 4th quarter worth about $13,538,000. Bank of New York Mellon Corp acquired a new position in Consol Energy during the 4th quarter worth about $11,782,000. Mountain Lake Investment Management LLC acquired a new position in Consol Energy during the 4th quarter worth about $11,632,000. Finally, WINTON GROUP Ltd acquired a new position in Consol Energy during the 4th quarter worth about $11,148,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.
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About Consol Energy
CONSOL Energy Inc, formerly CONSOL Mining Corporation, is engaged in the natural gas exploration and production business. The Company is a producer and exporter of high-Btu bituminous thermal and crossover metallurgical coal. It holds interest in the Pennsylvania Mining Complex (PMC) and related coal assets, terminal operations at the Port of Baltimore.
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