B. Riley Increases CONSOL Energy (NYSE:CEIX) Price Target to $138.00

by · The Cerbat Gem

CONSOL Energy (NYSE:CEIX – Free Report) had its price target lifted by B. Riley from $109.00 to $138.00 in a report published on Monday, Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for CONSOL Energy’s Q3 2024 earnings at $3.17 EPS, Q1 2025 earnings at $3.61 EPS, Q2 2025 earnings at $3.70 EPS, Q3 2025 earnings at $4.04 EPS, Q4 2025 earnings at $4.26 EPS, FY2025 earnings at $15.60 EPS, Q1 2026 earnings at $4.23 EPS, Q2 2026 earnings at $4.22 EPS, Q3 2026 earnings at $4.32 EPS and FY2026 earnings at $17.08 EPS.

CONSOL Energy Trading Up 2.2 %

NYSE CEIX opened at $109.30 on Monday. CONSOL Energy has a 52 week low of $75.43 and a 52 week high of $114.30. The firm has a 50 day moving average of $97.22 and a two-hundred day moving average of $94.55. The stock has a market capitalization of $3.21 billion, a PE ratio of 6.63 and a beta of 1.73. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13.

CONSOL Energy (NYSE:CEIX – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.68. The business had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. During the same quarter last year, the company earned $4.94 EPS. As a group, research analysts expect that CONSOL Energy will post 11.54 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a yield of 0.5%. CONSOL Energy’s dividend payout ratio is presently 1.52%.

Institutional Trading of CONSOL Energy

A number of hedge funds have recently added to or reduced their stakes in CEIX. GSA Capital Partners LLP acquired a new stake in CONSOL Energy in the first quarter valued at about $620,000. Hennessy Advisors Inc. grew its holdings in CONSOL Energy by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 236,200 shares of the company’s stock worth $19,784,000 after acquiring an additional 29,200 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in CONSOL Energy in the first quarter valued at $10,832,000. Allspring Global Investments Holdings LLC boosted its position in shares of CONSOL Energy by 750.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,031 shares of the company’s stock worth $2,264,000 after purchasing an additional 23,852 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new position in shares of CONSOL Energy during the 1st quarter worth $750,000. 86.54% of the stock is owned by institutional investors and hedge funds.

About CONSOL Energy

(Get Free Report)

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.

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