Consol Energy (CEIX) Reaches New 1-Year High and Low at $45.68

Consol Energy (NYSE:CEIX) reached a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $45.68 and last traded at $44.71, with a volume of 7113 shares trading hands. The stock had previously closed at $43.89.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Consol Energy from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of Consol Energy from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Tuesday, April 10th. Finally, ValuEngine lowered shares of Consol Energy from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.33.

The stock has a market cap of $1.23 billion and a P/E ratio of 9.86. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.12.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Consol Energy in the fourth quarter worth approximately $110,686,000. Clearbridge Investments LLC bought a new stake in Consol Energy in the fourth quarter worth approximately $13,538,000. Mountain Lake Investment Management LLC grew its position in Consol Energy by 12.1% in the first quarter. Mountain Lake Investment Management LLC now owns 330,000 shares of the company’s stock worth $9,560,000 after acquiring an additional 35,600 shares in the last quarter. WINTON GROUP Ltd grew its position in Consol Energy by 5.8% in the first quarter. WINTON GROUP Ltd now owns 298,629 shares of the company’s stock worth $8,651,000 after acquiring an additional 16,475 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Consol Energy in the fourth quarter worth approximately $11,782,000. 92.94% of the stock is currently owned by hedge funds and other institutional investors.

About Consol Energy

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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