According to Zacks, “CONSOL Energy Inc. is a producer and exporter of high-Btu bituminous thermal and crossover metallurgical coal. It owns and operates productive longwall mining operations primarily in the Northern Appalachian Basin. CONSOL Energy Inc. is based in CANONSBURG, Pa. “
Separately, ValuEngine upgraded VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research report on Thursday, May 9th.
Consol Energy (NYSE:CEIX) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.42. The company had revenue of $332.50 million during the quarter, compared to analysts’ expectations of $366.50 million. Consol Energy had a return on equity of 24.27% and a net margin of 7.04%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 earnings per share. Analysts predict that Consol Energy will post 4.06 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Consol Energy by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,812 shares of the company’s stock valued at $62,000 after purchasing an additional 455 shares in the last quarter. Meeder Asset Management Inc. grew its position in Consol Energy by 64.8% during the first quarter. Meeder Asset Management Inc. now owns 2,091 shares of the company’s stock worth $70,000 after buying an additional 822 shares in the last quarter. Globeflex Capital L P purchased a new position in Consol Energy during the fourth quarter worth about $106,000. NumerixS Investment Technologies Inc purchased a new position in Consol Energy during the first quarter worth about $136,000. Finally, Convergence Investment Partners LLC purchased a new position in Consol Energy during the first quarter worth about $148,000. Institutional investors own 83.56% of the company’s stock.
About Consol Energy
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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