Analysts Offer Predictions for CONSOL Energy Inc.’s Q2 2024 Earnings (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – Investment analysts at B. Riley lowered their Q2 2024 earnings per share estimates for shares of CONSOL Energy in a research report issued to clients and investors on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will post earnings of $1.90 per share for the quarter, down from their prior forecast of $1.97. B. Riley currently has a “Buy” rating and a $98.00 price target on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share. B. Riley also issued estimates for CONSOL Energy’s Q3 2024 earnings at $3.36 EPS and Q4 2024 earnings at $3.56 EPS.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, February 6th. The company reported $5.05 EPS for the quarter, topping the consensus estimate of $4.28 by $0.77. The business had revenue of $649.90 million during the quarter, compared to analysts’ expectations of $608.90 million. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. CONSOL Energy’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.89 earnings per share.

CONSOL Energy Stock Down 3.3 %

Shares of CONSOL Energy stock traded down $2.88 during midday trading on Wednesday, hitting $85.52. The company’s stock had a trading volume of 478,811 shares, compared to its average volume of 579,293. The firm has a market capitalization of $2.53 billion, a P/E ratio of 4.50 and a beta of 1.76. The stock has a 50-day simple moving average of $83.74 and a 200-day simple moving average of $94.47. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. CONSOL Energy has a 1-year low of $53.40 and a 1-year high of $114.30.

Insider Transactions at CONSOL Energy

In related news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the sale, the chief accounting officer now owns 13,108 shares of the company’s stock, valued at $1,239,492.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CONSOL Energy

Institutional investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. bought a new position in CONSOL Energy during the fourth quarter valued at about $28,000. Parallel Advisors LLC increased its stake in shares of CONSOL Energy by 101.4% in the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after purchasing an additional 150 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of CONSOL Energy by 866.7% in the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock worth $49,000 after purchasing an additional 416 shares during the period. FSC Wealth Advisors LLC bought a new position in shares of CONSOL Energy in the third quarter worth about $50,000. Finally, Quadrant Capital Group LLC increased its stake in shares of CONSOL Energy by 41.7% in the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock worth $77,000 after purchasing an additional 226 shares during the period. 86.54% of the stock is currently owned by institutional investors.

CONSOL Energy Company Profile

CONSOL Energy Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.