Zacks: Analysts Set $49.25 Target Price for Consol Energy Inc (CEIX)

Consol Energy Inc (NYSE:CEIX) has earned an average broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. Consol Energy’s rating score has declined by 11.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus price target of $49.25 for the company and are predicting that the company will post $0.84 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consol Energy an industry rank of 158 out of 257 based on the ratings given to related companies.

Several equities analysts recently commented on CEIX shares. Zacks Investment Research lowered Consol Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. B. Riley boosted their price target on Consol Energy from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 5th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in shares of Consol Energy in the 3rd quarter valued at approximately $100,000. Pinebridge Investments L.P. acquired a new position in shares of Consol Energy in the 2nd quarter valued at approximately $187,000. American Century Companies Inc. acquired a new position in shares of Consol Energy in the 3rd quarter valued at approximately $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Consol Energy in the 2nd quarter valued at approximately $205,000. Finally, NumerixS Investment Technologies Inc raised its position in shares of Consol Energy by 1,275.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,500 shares of the company’s stock valued at $211,000 after purchasing an additional 5,100 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Consol Energy stock opened at $32.56 on Friday. The company has a market cap of $904.45 million and a P/E ratio of 7.24. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.85. Consol Energy has a one year low of $26.62 and a one year high of $48.12.

Consol Energy (NYSE:CEIX) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.33). The company had revenue of $295.00 million for the quarter, compared to analyst estimates of $338.77 million. Consol Energy had a return on equity of 34.09% and a net margin of 5.61%. Consol Energy’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that Consol Energy will post 4.82 EPS for the current year.

Consol Energy Company Profile

CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.

Further Reading: Average Daily Trade Volume – ADTV

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