B. Riley Issues Positive Estimate for CONSOL Energy Earnings

CONSOL Energy Inc. (NYSE:CEIX) – Equities researchers at B. Riley raised their FY2024 EPS estimates for CONSOL Energy in a report released on Wednesday, November 6th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of $11.57 per share for the year, up from their prior estimate of $11.50. B. Riley currently has a “Buy” rating and a $138.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.50 per share. B. Riley also issued estimates for CONSOL Energy’s Q4 2024 earnings at $3.00 EPS and FY2025 earnings at $15.99 EPS.

CONSOL Energy Trading Up 0.4 %

CEIX opened at $127.64 on Friday. The firm has a 50 day simple moving average of $103.86 and a 200 day simple moving average of $98.32. CONSOL Energy has a fifty-two week low of $75.43 and a fifty-two week high of $128.95. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 9.45 and a beta of 1.73. 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 (NYSE:CEIX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.05. The firm had revenue of $574.90 million during 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%. CONSOL Energy’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.11 EPS.

CONSOL Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is 1.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Samlyn Capital LLC bought a new stake in CONSOL Energy in the 2nd quarter valued at $36,033,000. Victory Capital Management Inc. lifted its holdings in shares of CONSOL Energy by 578.7% in the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock valued at $27,746,000 after purchasing an additional 226,069 shares in the last quarter. Barlow Wealth Partners Inc. acquired a new position in shares of CONSOL Energy during the second quarter worth about $13,645,000. Jupiter Asset Management Ltd. bought a new position in shares of CONSOL Energy during the first quarter worth about $10,832,000. Finally, Vanguard Group Inc. raised its position in CONSOL Energy by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after buying an additional 125,087 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.