ValuEngine Lowers Consol Energy (CEIX) to Sell

ValuEngine lowered shares of Consol Energy (NYSE:CEIX) from a hold rating to a sell rating in a research note released on Friday, ValuEngine reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Consol Energy from a buy rating to a hold rating in a research report on Monday, April 15th. Seaport Global Securities set a $50.00 target price on Consol Energy and gave the company a buy rating in a research report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $45.50.

CEIX stock opened at $33.23 on Friday. Consol Energy has a 1-year low of $29.34 and a 1-year high of $48.12. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $917.41 million, a price-to-earnings ratio of 6.18 and a beta of 0.87.

Consol Energy (NYSE:CEIX) last posted its quarterly earnings results on Friday, February 8th. The company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.65. Consol Energy had a return on equity of 32.47% and a net margin of 9.99%. The business had revenue of $347.80 million during the quarter, compared to the consensus estimate of $352.30 million. During the same period in the prior year, the company posted ($1.04) EPS. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, sell-side analysts expect that Consol Energy will post 3.16 EPS for the current fiscal year.

In other news, SVP James J. Mccaffrey sold 1,738 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $38.40, for a total transaction of $66,739.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its holdings in Consol Energy by 64.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,091 shares of the company’s stock valued at $70,000 after buying an additional 822 shares during the period. Globeflex Capital L P purchased a new stake in Consol Energy during the 4th quarter valued at $106,000. Oppenheimer Asset Management Inc. purchased a new stake in Consol Energy during the 4th quarter valued at $128,000. Municipal Employees Retirement System of Michigan purchased a new stake in Consol Energy during the 4th quarter valued at $257,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Consol Energy by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,332 shares of the company’s stock valued at $296,000 after buying an additional 7,288 shares during the period. Institutional investors own 82.83% of the company’s stock.

Consol Energy Company Profile

CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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