CONSOL Energy (NYSE:CEIX) Posts Earnings Results, Beats Expectations By $1.20 EPS

CONSOL Energy (NYSE:CEIX) posted its earnings results on Tuesday. The company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $2.19 by $1.20, Briefing.com reports. The firm had revenue of $565.00 million for the quarter, compared to analyst estimates of $516.85 million. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same period in the previous year, the company posted $6.55 earnings per share.

CONSOL Energy Stock Up 1.5 %

Shares of CONSOL Energy stock traded up $1.28 during trading on Thursday, reaching $86.99. The stock had a trading volume of 96,457 shares, compared to its average volume of 536,570. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 4.36 and a beta of 1.77. The stock has a fifty day moving average price of $84.70 and a two-hundred day moving average price of $92.24. CONSOL Energy has a 52 week low of $53.40 and a 52 week high of $114.30. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price target on CONSOL Energy from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th.

Insider Activity

In related news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

About CONSOL Energy

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.