Consol Energy Inc (NYSE:CEIX) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,027,000 shares, an increase of 41.9% from the July 31st total of 2,133,300 shares. Approximately 11.3% of the company’s shares are sold short. Based on an average trading volume of 321,400 shares, the short-interest ratio is presently 9.4 days.
Several equities analysts have recently commented on CEIX shares. Zacks Investment Research raised shares of Consol Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. B. Riley set a $27.00 price target on shares of Consol Energy and gave the company a “buy” rating in a research report on Thursday, August 22nd.
Shares of NYSE CEIX traded down $0.17 during midday trading on Friday, hitting $17.25. 371,500 shares of the company traded hands, compared to its average volume of 287,734. Consol Energy has a 12-month low of $15.92 and a 12-month high of $43.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.85 and a current ratio of 0.97. The stock has a 50-day moving average price of $18.15 and a 200 day moving average price of $27.46. The firm has a market cap of $504.98 million, a P/E ratio of 3.21 and a beta of 1.14.
Consol Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.38. Consol Energy had a net margin of 7.06% and a return on equity of 22.28%. The company had revenue of $350.62 million for the quarter, compared to analysts’ expectations of $379.90 million. During the same quarter in the previous year, the company earned $1.58 earnings per share. Consol Energy’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities analysts expect that Consol Energy will post 4.01 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Consol Energy by 33.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,812 shares of the company’s stock valued at $62,000 after buying an additional 455 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Consol Energy during the second quarter valued at about $85,000. Bank of Montreal Can increased its position in shares of Consol Energy by 164.0% during the second quarter. Bank of Montreal Can now owns 3,789 shares of the company’s stock valued at $102,000 after buying an additional 2,354 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of Consol Energy during the first quarter valued at about $136,000. Finally, Cambria Investment Management L.P. purchased a new position in shares of Consol Energy during the first quarter valued at about $150,000. Institutional investors own 88.60% of the company’s stock.
Consol Energy Company Profile
CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.
Further Reading: How Investors Use a Balance Sheet
Receive News & Ratings for Consol Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consol Energy and related companies with MarketBeat.com's FREE daily email newsletter.