Benchmark Boosts CONSOL Energy (NYSE:CEIX) Price Target to $140.00

CONSOL Energy (NYSE:CEIX) had its price objective lifted by equities researchers at Benchmark from $105.00 to $140.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 10.61% from the stock’s previous close.

Separately, B. Riley upped their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 7th.

CONSOL Energy Stock Up 0.1 %

Shares of NYSE CEIX opened at $126.57 on Monday. CONSOL Energy has a 52-week low of $75.43 and a 52-week high of $130.47. The business’s 50 day moving average is $108.87 and its two-hundred day moving average is $100.90. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 9.29 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. The business had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.11 earnings per share. Research analysts predict that CONSOL Energy will post 11.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Samlyn Capital LLC acquired a new stake in CONSOL Energy during the second quarter worth approximately $36,033,000. Victory Capital Management Inc. boosted its position in CONSOL Energy by 578.7% during the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock worth $27,746,000 after acquiring an additional 226,069 shares during the last quarter. Barlow Wealth Partners Inc. acquired a new stake in CONSOL Energy during the second quarter worth approximately $13,645,000. Vanguard Group Inc. boosted its holdings in shares of CONSOL Energy by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after purchasing an additional 125,087 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of CONSOL Energy in the 3rd quarter valued at $10,032,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.