Raymond James & Associates lifted its position in shares of Consol Energy Inc (NYSE:CEIX) by 6.9% in the 2nd quarter, Holdings Channel reports. The fund owned 46,044 shares of the company’s stock after buying an additional 2,976 shares during the period. Raymond James & Associates’ holdings in Consol Energy were worth $1,766,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in CEIX. Meeder Asset Management Inc. grew its position in shares of Consol Energy by 246.0% during the second quarter. Meeder Asset Management Inc. now owns 2,889 shares of the company’s stock worth $111,000 after acquiring an additional 2,054 shares during the last quarter. Pinebridge Investments L.P. bought a new position in shares of Consol Energy during the second quarter worth about $187,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Consol Energy during the second quarter worth about $205,000. NumerixS Investment Technologies Inc grew its position in shares of Consol Energy by 1,275.0% during the second quarter. NumerixS Investment Technologies Inc now owns 5,500 shares of the company’s stock worth $211,000 after acquiring an additional 5,100 shares during the last quarter. Finally, Monetary Management Group Inc. bought a new position in shares of Consol Energy during the second quarter worth about $221,000. Institutional investors and hedge funds own 88.26% of the company’s stock.
Several research firms have recently commented on CEIX. Seaport Global Securities restated a “buy” rating and set a $52.00 price target on shares of Consol Energy in a research report on Thursday, August 2nd. Zacks Investment Research lowered shares of Consol Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. B. Riley upped their price target on shares of Consol Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Finally, Stifel Nicolaus began coverage on shares of Consol Energy in a research report on Wednesday, June 27th. They set a “hold” rating and a $40.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $45.75.
Consol Energy stock opened at $38.32 on Friday. The stock has a market cap of $1.14 billion and a PE ratio of 8.52. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.26 and a quick ratio of 1.13. Consol Energy Inc has a one year low of $19.51 and a one year high of $48.12.
Consol Energy (NYSE:CEIX) last announced its earnings results on Thursday, August 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.16. The firm had revenue of $370.70 million during the quarter, compared to analyst estimates of $413.40 million. Consol Energy had a net margin of 5.70% and a return on equity of 28.97%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities research analysts predict that Consol Energy Inc will post 5.1 EPS for the current year.
Consol Energy 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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