Consol Energy Inc (NYSE:CEIX) – Seaport Global Securities upped their FY2019 earnings per share (EPS) estimates for Consol Energy in a note issued to investors on Monday, October 15th, according to Zacks Investment Research. Seaport Global Securities analyst M. Levin now expects that the company will post earnings of $4.32 per share for the year, up from their prior forecast of $3.56. Seaport Global Securities has a “Buy” rating and a $52.00 price objective on the stock. Seaport Global Securities also issued estimates for Consol Energy’s FY2020 earnings at $3.05 EPS.
Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Consol Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday. B. Riley boosted their target price on Consol Energy from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.25.
Consol Energy (NYSE:CEIX) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.33). Consol Energy had a net margin of 5.61% and a return on equity of 34.09%. The firm had revenue of $295.00 million for the quarter, compared to the consensus estimate of $338.77 million. The business’s revenue was up 5.7% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Consol Energy by 10.4% in the third quarter. BlackRock Inc. now owns 4,123,750 shares of the company’s stock worth $168,288,000 after purchasing an additional 389,866 shares during the last quarter. WINTON GROUP Ltd increased its position in Consol Energy by 19.4% during the third quarter. WINTON GROUP Ltd now owns 511,682 shares of the company’s stock valued at $20,882,000 after acquiring an additional 83,158 shares during the last quarter. Northern Trust Corp increased its position in Consol Energy by 111.2% during the second quarter. Northern Trust Corp now owns 348,934 shares of the company’s stock valued at $13,383,000 after acquiring an additional 183,686 shares during the last quarter. Bank of New York Mellon Corp increased its position in Consol Energy by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 342,312 shares of the company’s stock valued at $13,970,000 after acquiring an additional 24,564 shares during the last quarter. Finally, Millennium Management LLC increased its position in Consol Energy by 32.4% during the second quarter. Millennium Management LLC now owns 287,033 shares of the company’s stock valued at $11,008,000 after acquiring an additional 70,182 shares during the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.
Consol Energy Company Profile
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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