Benchmark Raises CONSOL Energy (NYSE:CEIX) Price Target to $140.00

CONSOL Energy (NYSE:CEIX - Free Report) had its target price upped by Benchmark from $105.00 to $140.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

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

CONSOL Energy Price Performance

Shares of CONSOL Energy stock traded up $2.24 during trading on Monday, reaching $126.39. 478,990 shares of the company's stock were exchanged, compared to its average volume of 491,855. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. CONSOL Energy has a 1-year low of $75.43 and a 1-year high of $130.47. The company has a market cap of $3.72 billion, a P/E ratio of 9.28 and a beta of 1.73. The firm's 50-day moving average price is $107.43 and its 200 day moving average price is $100.28.

CONSOL Energy (NYSE:CEIX - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping 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 firm had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. During the same quarter in the previous year, the firm earned $3.11 earnings per share. The business's quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts anticipate that CONSOL Energy will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy's payout ratio is 7.34%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its position in CONSOL Energy by 8.2% in the 1st quarter. Sei Investments Co. now owns 12,132 shares of the company's stock valued at $1,016,000 after acquiring an additional 924 shares during the period. ProShare Advisors LLC increased its stake in shares of CONSOL Energy by 7.0% in the first quarter. ProShare Advisors LLC now owns 6,077 shares of the company's stock valued at $509,000 after buying an additional 397 shares during the period. Vanguard Group Inc. raised its position in shares of CONSOL Energy by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company's stock worth $214,602,000 after acquiring an additional 125,087 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in CONSOL Energy by 14.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 70,357 shares of the company's stock valued at $5,893,000 after acquiring an additional 8,656 shares during the last quarter. Finally, Lake Street Advisors Group LLC acquired a new stake in CONSOL Energy during the 1st quarter valued at approximately $750,000. Institutional investors and hedge funds own 86.54% of the company's stock.

CONSOL Energy Company Profile

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.