Seaport Global Securities Weighs in on Consol Energy Inc’s FY2019 Earnings (CEIX)

Consol Energy Inc (NYSE:CEIX) – Analysts at Seaport Global Securities boosted their FY2019 earnings per share (EPS) estimates for Consol Energy in a research note issued on Monday, October 15th. Seaport Global Securities analyst M. Levin now forecasts that the company will post earnings of $4.32 per share for the year, up from their prior forecast of $3.56. Seaport Global Securities currently has a “Buy” rating and a $52.00 price target on the stock. Seaport Global Securities also issued estimates for Consol Energy’s FY2020 earnings at $3.05 EPS.

Consol Energy (NYSE:CEIX) last released its quarterly earnings data on Thursday, August 2nd. The company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.16. The company had revenue of $370.70 million for the quarter, compared to the consensus estimate of $413.40 million. Consol Energy had a return on equity of 28.97% and a net margin of 5.70%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Consol Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. B. Riley raised their target price on Consol Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Finally, Stifel Nicolaus began coverage on Consol Energy in a research report on Wednesday, June 27th. They set a “hold” rating and a $40.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.75.

Shares of NYSE:CEIX opened at $40.46 on Thursday. The firm has a market cap of $1.14 billion and a P/E ratio of 8.99. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.26 and a quick ratio of 1.13. Consol Energy has a 12-month low of $19.51 and a 12-month high of $48.12.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Consol Energy by 37.0% in the 2nd quarter. BlackRock Inc. now owns 3,733,884 shares of the company’s stock worth $143,194,000 after acquiring an additional 1,008,965 shares in the last quarter. Sei Investments Co. grew its stake in shares of Consol Energy by 493.8% in the 2nd quarter. Sei Investments Co. now owns 27,717 shares of the company’s stock valued at $1,063,000 after buying an additional 23,049 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Consol Energy in the 2nd quarter valued at about $543,000. Schwab Charles Investment Management Inc. grew its stake in shares of Consol Energy by 96.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 172,332 shares of the company’s stock valued at $6,609,000 after buying an additional 84,478 shares during the period. Finally, Richard Bernstein Advisors LLC acquired a new stake in shares of Consol Energy in the 2nd quarter valued at about $2,888,000. 88.26% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Article: What are the benefits of buying treasury bonds?

Earnings History and Estimates for Consol Energy (NYSE:CEIX)

Receive News & Ratings for Consol Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consol Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply