CONSOL Energy (NYSE:CEIX) Announces Earnings Results

CONSOL Energy (NYSE:CEIX) released its earnings results on Tuesday. The company reported $3.39 EPS for the quarter, beating the consensus estimate of $2.19 by $1.20, Briefing.com reports. The company had revenue of $565.00 million during the quarter, compared to analysts’ expectations of $516.85 million. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The business’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same period last year, the firm earned $6.55 EPS.

CONSOL Energy Trading Down 1.7 %

CEIX stock traded down $1.46 during midday trading on Wednesday, reaching $85.06. The company’s stock had a trading volume of 120,694 shares, compared to its average volume of 538,582. The business’s 50-day simple moving average is $84.63 and its 200-day simple moving average is $92.29. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.52 billion, a PE ratio of 4.40 and a beta of 1.77. CONSOL Energy has a 52 week low of $53.40 and a 52 week high of $114.30.

Insider Transactions at CONSOL Energy

In related news, CAO John Rothka sold 2,000 shares of the company’s 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 completion of the sale, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.