CONSOL Energy (NYSE:CEIX) Stock Price Down 3.8% - What's Next?

CONSOL Energy Inc. (NYSE:CEIX - Get Free Report) traded down 3.8% on Friday . The stock traded as low as $119.24 and last traded at $120.00. 46,729 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 485,691 shares. The stock had previously closed at $124.75.

Analyst Ratings Changes

CEIX has been the topic of several research reports. B. Riley boosted their price target on CONSOL Energy from $109.00 to $138.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Benchmark lifted their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a "buy" rating in a report on Monday, November 18th.

CONSOL Energy Stock Down 6.1 %

The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.44 billion, a P/E ratio of 8.60 and a beta of 1.76. The firm's fifty day moving average is $116.86 and its 200-day moving average is $104.43.

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

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy's dividend payout ratio (DPR) is presently 7.34%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company's stock worth $49,000 after acquiring an additional 469 shares during the last quarter. Sound Income Strategies LLC acquired a new position in CONSOL Energy during the third quarter worth $51,000. CWM LLC grew its position in CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company's stock valued at $54,000 after purchasing an additional 220 shares in the last quarter. Quest Partners LLC bought a new position in shares of CONSOL Energy in the 3rd quarter valued at about $104,000. Finally, KBC Group NV increased its position in shares of CONSOL Energy by 33.2% during the 3rd quarter. KBC Group NV now owns 1,019 shares of the company's stock worth $107,000 after purchasing an additional 254 shares during the last quarter. 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.