CONSOL Energy (NYSE:CEIX) Sets New 12-Month High Following Strong Earnings

CONSOL Energy Inc. (NYSE:CEIX - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $121.27 and last traded at $121.27, with a volume of 5731 shares changing hands. The stock had previously closed at $113.63.

The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.17 by $0.05. The company had revenue of $574.90 million during the quarter, compared to analysts' expectations of $554.00 million. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. CONSOL Energy's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.11 earnings per share.

CONSOL Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, November 15th. CONSOL Energy's payout ratio is presently 1.85%.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a research report on Monday, October 7th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company's stock valued at $49,000 after purchasing an additional 469 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in CONSOL Energy during the 3rd quarter worth $51,000. CWM LLC raised its position in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company's stock valued at $54,000 after acquiring an additional 220 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of CONSOL Energy during the 1st quarter valued at $56,000. Finally, GAMMA Investing LLC lifted its stake in shares of CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company's stock valued at $90,000 after purchasing an additional 309 shares during the period. Institutional investors and hedge funds own 86.54% of the company's stock.

CONSOL Energy Price Performance

The company has a 50-day moving average price of $102.78 and a 200-day moving average price of $97.91. The firm has a market capitalization of $3.73 billion, a P/E ratio of 8.41 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55.

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.