CONSOL Energy (NYSE:CEIX) Trading Down 3.6% – Should You Sell?

CONSOL Energy Inc. (NYSE:CEIX)’s stock price fell 3.6% during trading on Tuesday . The company traded as low as $97.30 and last traded at $98.24. 89,808 shares changed hands during trading, a decline of 93% from the average session volume of 1,379,867 shares. The stock had previously closed at $101.95.

Wall Street Analysts Forecast Growth

CEIX has been the topic of a number of recent analyst reports. B. Riley increased their target price on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Benchmark raised their price target on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 18th.

CONSOL Energy Price Performance

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 capitalization of $2.96 billion, a PE ratio of 7.39 and a beta of 1.80. The business has a 50-day moving average price of $117.05 and a 200-day moving average price of $106.27.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company had revenue of $574.90 million during the quarter, compared to analysts’ expectations of $554.00 million. During the same period in the prior year, the business earned $3.11 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of ∞. The ex-dividend date was Friday, November 15th. CONSOL Energy’s payout ratio is currently 7.34%.

Hedge Funds Weigh In On CONSOL Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of CONSOL Energy by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the company’s stock worth $78,609,000 after buying an additional 31,310 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in CONSOL Energy by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the company’s stock worth $40,317,000 after acquiring an additional 990 shares during the period. Samlyn Capital LLC acquired a new stake in CONSOL Energy during the second quarter worth $36,033,000. Victory Capital Management Inc. raised its position in CONSOL Energy by 578.7% in the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock valued at $27,746,000 after purchasing an additional 226,069 shares during the period. Finally, JPMorgan Chase & Co. raised its position in CONSOL Energy by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 242,941 shares of the company’s stock valued at $25,424,000 after purchasing an additional 611 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.