Q3 2024 Earnings Forecast for CONSOL Energy Inc. (NYSE:CEIX) Issued By B. Riley

CONSOL Energy Inc. (NYSE:CEIX) – Stock analysts at B. Riley reduced their Q3 2024 earnings per share estimates for CONSOL Energy in a report issued on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the company will earn $3.16 per share for the quarter, down from their previous estimate of $3.17. B. Riley has a “Buy” rating and a $138.00 price objective on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.53 per share. B. Riley also issued estimates for CONSOL Energy’s Q4 2024 earnings at $2.99 EPS and FY2024 earnings at $11.50 EPS.

CONSOL Energy Stock Performance

NYSE:CEIX opened at $110.66 on Friday. The business’s fifty day moving average is $97.60 and its 200 day moving average is $94.72. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 8.19 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. CONSOL Energy has a 52-week low of $75.43 and a 52-week high of $114.30.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The firm had revenue of $501.10 million during the quarter, compared to analyst estimates of $429.90 million. During the same quarter last year, the business earned $4.94 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CEIX. Mackenzie Financial Corp raised its position in shares of CONSOL Energy by 4.1% in the second quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after buying an additional 109 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of CONSOL Energy by 4.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock valued at $393,000 after acquiring an additional 147 shares in the last quarter. Empirical Finance LLC boosted its position in shares of CONSOL Energy by 1.9% during the 2nd quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after acquiring an additional 217 shares during the last quarter. CWM LLC grew its holdings in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after purchasing an additional 220 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of CONSOL Energy by 8.5% in the second quarter. Hsbc Holdings PLC now owns 3,790 shares of the company’s stock worth $384,000 after purchasing an additional 296 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

CONSOL Energy Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. This represents a dividend yield of 0.5%. The ex-dividend date was Friday, August 30th. CONSOL Energy’s payout ratio is 1.85%.

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.