CONSOL Energy (NYSE:CEIX) Shares Down 3.8% – Time to Sell?

CONSOL Energy Inc. (NYSE:CEIX) shares were down 3.8% during trading on Friday . The stock traded as low as $119.24 and last traded at $120.00. Approximately 46,729 shares were traded during trading, a decline of 90% from the average daily volume of 485,691 shares. The stock had previously closed at $124.75.

Analyst Ratings Changes

Several brokerages have weighed in on CEIX. Benchmark upped their target price on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th. B. Riley lifted their price objective on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Trading Down 6.1 %

The stock has a market capitalization of $3.44 billion, a P/E ratio of 8.60 and a beta of 1.76. The stock’s 50 day moving average price is $116.86 and its 200-day moving average price is $104.43. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. The business had revenue of $574.90 million for the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $3.11 EPS. As a group, equities research analysts expect that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. CONSOL Energy’s dividend payout ratio is presently 7.34%.

Institutional Trading of CONSOL Energy

A number of institutional investors have recently modified their holdings of CEIX. Mackenzie Financial Corp raised its stake in shares of CONSOL Energy by 4.1% during the 2nd quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after acquiring an additional 109 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of CONSOL Energy by 4.0% during the second quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock worth $393,000 after purchasing an additional 147 shares in the last quarter. Empirical Finance LLC lifted its holdings 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 purchasing an additional 217 shares during the last quarter. CWM LLC boosted its position in shares of CONSOL Energy by 70.7% in the 2nd 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, KBC Group NV boosted its position in shares of CONSOL Energy by 33.2% in the 3rd quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after purchasing an additional 254 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

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.