CONSOL Energy (NYSE:CEIX) Posts Earnings Results, Beats Expectations By $0.05 EPS

CONSOL Energy (NYSE:CEIX) announced its quarterly earnings results on Tuesday. The company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.05, Zacks reports. The business had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.11 EPS.

CONSOL Energy Stock Up 8.4 %

Shares of CEIX stock traded up $9.58 on Wednesday, hitting $123.21. The stock had a trading volume of 619,960 shares, compared to its average volume of 479,210. CONSOL Energy has a 12-month low of $75.43 and a 12-month high of $124.30. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 8.41 and a beta of 1.73. The business has a 50 day moving average of $102.78 and a 200 day moving average of $97.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31.

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. CONSOL Energy’s payout ratio is 1.85%.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price objective on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

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.