CONSOL Energy Inc. (NYSE:CEIX) Short Interest Update

CONSOL Energy Inc. (NYSE:CEIX) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,820,000 shares, a growth of 15.2% from the September 30th total of 1,580,000 shares. Approximately 6.3% of the shares of the company are sold short. Based on an average trading volume of 458,100 shares, the days-to-cover ratio is presently 4.0 days.

CONSOL Energy Stock Performance

NYSE CEIX opened at $109.67 on Thursday. The stock has a market cap of $3.22 billion, a PE ratio of 6.65 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. The firm has a 50-day moving average of $101.18 and a 200-day moving average of $97.03. CONSOL Energy has a 52-week low of $75.43 and a 52-week high of $114.30.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The firm had revenue of $501.10 million during the quarter, compared to the consensus estimate of $429.90 million. During the same period last year, the business posted $4.94 earnings per share. On average, sell-side analysts anticipate that CONSOL Energy will post 11.53 EPS for the current year.

CONSOL Energy Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a yield of 0.5%. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.52%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in shares of CONSOL Energy by 4.1% in the second quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock valued at $284,000 after acquiring an additional 109 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of CONSOL Energy by 4.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock worth $393,000 after purchasing an additional 147 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of CONSOL Energy by 1.9% during the second quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock worth $1,182,000 after purchasing an additional 217 shares during the period. CWM LLC raised its position in shares of 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 buying an additional 220 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of CONSOL Energy by 8.5% in the second quarter. Hsbc Holdings PLC now owns 3,790 shares of the company’s stock valued at $384,000 after buying an additional 296 shares during the period. Institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley increased 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.

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.