CONSOL Energy (NYSE:CEIX) Announces Quarterly Earnings Results, Beats Expectations By $1.20 EPS

CONSOL Energy (NYSE:CEIX) posted its quarterly earnings results on Tuesday. The company reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $1.20, Briefing.com reports. The business had revenue of $565.00 million during the quarter, compared to the consensus estimate of $516.85 million. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. CONSOL Energy’s revenue was down 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $6.55 EPS.

CONSOL Energy Stock Performance

Shares of NYSE:CEIX traded up $1.28 during midday trading on Thursday, reaching $86.99. 96,457 shares of the company traded hands, compared to its average volume of 536,570. The firm’s fifty day moving average price is $84.70 and its two-hundred day moving average price is $92.24. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 4.36 and a beta of 1.77. CONSOL Energy has a 12 month low of $53.40 and a 12 month high of $114.30.

Insider Activity

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the transaction, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley decreased their price target on shares of CONSOL Energy from $100.00 to $98.00 and set a “buy” rating for the company 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.