Analysts Offer Predictions for CONSOL Energy Inc.’s Q2 2024 Earnings (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – Equities researchers at B. Riley cut their Q2 2024 EPS estimates for shares of CONSOL Energy in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will earn $1.90 per share for the quarter, down from their previous forecast of $1.97. B. Riley currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share. B. Riley also issued estimates for CONSOL Energy’s Q3 2024 earnings at $3.36 EPS and Q4 2024 earnings at $3.56 EPS.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Tuesday, February 6th. The company reported $5.05 EPS for the quarter, topping analysts’ consensus estimates of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The company had revenue of $649.90 million for the quarter, compared to analysts’ expectations of $608.90 million. During the same quarter last year, the business earned $3.89 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year.

CONSOL Energy Price Performance

CEIX traded down $2.88 during trading on Wednesday, reaching $85.52. 478,811 shares of the company traded hands, compared to its average volume of 579,293. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.35. CONSOL Energy has a 12-month low of $53.40 and a 12-month high of $114.30. The firm has a fifty day simple moving average of $83.74 and a 200 day simple moving average of $94.47. The company has a market cap of $2.53 billion, a P/E ratio of 4.50 and a beta of 1.76.

Insider Buying and Selling at CONSOL Energy

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the sale, the chief accounting officer now directly owns 13,108 shares of the company’s stock, valued at approximately $1,239,492.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hennessy Advisors Inc. grew its holdings in shares of CONSOL Energy by 14.1% in the first quarter. Hennessy Advisors Inc. now owns 236,200 shares of the company’s stock valued at $19,784,000 after purchasing an additional 29,200 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of CONSOL Energy during the first quarter worth $279,000. Clarus Wealth Advisors lifted its position in shares of CONSOL Energy by 16.0% during the first quarter. Clarus Wealth Advisors now owns 2,548 shares of the company’s stock worth $214,000 after purchasing an additional 352 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of CONSOL Energy during the fourth quarter worth $382,000. Finally, Vanguard Group Inc. lifted its position in shares of CONSOL Energy by 21.0% during the fourth quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock worth $244,994,000 after purchasing an additional 423,338 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.