B. Riley Weighs in on CONSOL Energy Inc.’s Q1 2024 Earnings (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – B. Riley lifted their Q1 2024 earnings estimates for CONSOL Energy in a research report issued on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of $2.19 per share for the quarter, up from their previous forecast of $2.11. B. Riley 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.

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

CONSOL Energy Stock Performance

CONSOL Energy stock opened at $83.99 on Thursday. The firm has a market capitalization of $2.49 billion, a PE ratio of 4.27 and a beta of 1.76. CONSOL Energy has a one year low of $53.40 and a one year high of $114.30. The stock’s 50 day moving average price is $83.76 and its 200 day moving average price is $94.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.35.

Hedge Funds Weigh In On CONSOL Energy

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in shares of CONSOL Energy in the 1st quarter worth about $257,000. ProShare Advisors LLC bought a new stake in CONSOL Energy in the first quarter valued at about $284,000. HighTower Advisors LLC acquired a new stake in CONSOL Energy during the first quarter valued at approximately $315,000. Citigroup Inc. lifted its holdings in CONSOL Energy by 6.3% during the 1st quarter. Citigroup Inc. now owns 29,430 shares of the company’s stock worth $1,107,000 after buying an additional 1,739 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in CONSOL Energy during the 1st quarter worth approximately $1,091,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

CONSOL Energy Company Profile

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.