Consol Energy (CEIX) Sees Strong Trading Volume

Consol Energy Inc (NYSE:CEIX) saw strong trading volume on Friday . 3,010,900 shares were traded during mid-day trading, an increase of 549% from the previous session’s volume of 463,880 shares.The stock last traded at $41.83 and had previously closed at $41.08.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Consol Energy from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Tuesday, April 10th. ValuEngine cut shares of Consol Energy from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $35.33.

The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.12. The firm has a market cap of $1.15 billion and a P/E ratio of 9.21.

Consol Energy (NYSE:CEIX) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $1.37. The firm had revenue of $351.01 million for the quarter, compared to analysts’ expectations of $357.70 million. Consol Energy’s quarterly revenue was up 10.9% compared to the same quarter last year. analysts predict that Consol Energy Inc will post 4.68 EPS for the current fiscal year.

In related news, Director John T. Mills sold 6,000 shares of the stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $42.33, for a total transaction of $253,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.71% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CEIX. BlackRock Inc. purchased a new position in Consol Energy during the fourth quarter worth about $110,686,000. Clearbridge Investments LLC purchased a new position in Consol Energy during the fourth quarter worth about $13,538,000. Bank of New York Mellon Corp acquired a new position in Consol Energy during the fourth quarter worth about $11,782,000. Mountain Lake Investment Management LLC acquired a new position in Consol Energy during the fourth quarter worth about $11,632,000. Finally, WINTON GROUP Ltd acquired a new position in Consol Energy during the fourth quarter worth about $11,148,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

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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