CONSOL Energy (NYSE:CEIX) Announces Quarterly Earnings Results

CONSOL Energy (NYSE:CEIX) posted its quarterly earnings results on Tuesday. The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05, Zacks reports. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. During the same quarter last year, the company earned $3.11 EPS. CONSOL Energy’s revenue for the quarter was up .9% compared to the same quarter last year.

CONSOL Energy Stock Up 0.4 %

CONSOL Energy stock traded up $0.56 during midday trading on Thursday, reaching $127.64. The company’s stock had a trading volume of 723,808 shares, compared to its average volume of 484,874. The company has a market cap of $3.75 billion, a P/E ratio of 9.43 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. The business has a 50-day simple moving average of $103.34 and a 200-day simple moving average of $98.11. CONSOL Energy has a fifty-two week low of $75.43 and a fifty-two week high of $128.95.

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. CONSOL Energy’s payout ratio is currently 1.85%.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th.

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.