CONSOL Energy (NYSE:CEIX) Posts Earnings Results, Beats Expectations By $0.05 EPS

CONSOL Energy (NYSE:CEIX) released its quarterly earnings data on Tuesday. The company reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05, Zacks reports. The firm had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.11 earnings per share.

CONSOL Energy Stock Performance

CEIX stock traded down $1.61 during midday trading on Thursday, hitting $125.47. 59,026 shares of the stock traded hands, compared to its average volume of 481,796. The firm has a market cap of $3.69 billion, a P/E ratio of 9.40 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. The stock’s fifty day simple moving average is $103.34 and its 200-day simple moving average is $98.11. CONSOL Energy has a 1-year low of $75.43 and a 1-year high of $128.11.

CONSOL Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.80%. CONSOL Energy’s dividend payout ratio is presently 1.85%.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price objective 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.

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.