Zacks: Analysts Set $42.75 Target Price for Consol Energy Inc (CEIX)

Shares of Consol Energy Inc (NYSE:CEIX) have received an average broker rating score of 1.00 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus target price of $42.75 for the company and are forecasting that the company will post $0.82 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consol Energy an industry rank of 173 out of 265 based on the ratings given to its competitors.

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CEIX has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating on shares of Consol Energy in a report on Thursday, November 30th. Stifel Nicolaus initiated coverage on Consol Energy in a report on Thursday, November 30th. They set a “buy” rating and a $32.00 price objective for the company. Finally, Seaport Global Securities initiated coverage on Consol Energy in a report on Thursday, November 30th. They set a “buy” rating and a $32.00 price objective for the company.

Shares of Consol Energy (NYSE:CEIX) opened at $29.42 on Tuesday. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.95 and a quick ratio of 0.82. Consol Energy has a 1-year low of $19.51 and a 1-year high of $41.89.

Consol Energy (NYSE:CEIX) last issued its earnings results on Tuesday, February 6th. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.43. The business had revenue of $352.32 million during the quarter, compared to the consensus estimate of $344.75 million. research analysts predict that Consol Energy will post 3.37 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CEIX. Louisiana State Employees Retirement System bought a new stake in shares of Consol Energy during the fourth quarter valued at approximately $439,000. Bank of Montreal Can bought a new stake in shares of Consol Energy during the fourth quarter valued at approximately $10,322,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Consol Energy during the fourth quarter valued at approximately $3,399,000. State of Alaska Department of Revenue bought a new stake in shares of Consol Energy during the fourth quarter valued at approximately $269,000. Finally, Texas Permanent School Fund bought a new stake in shares of Consol Energy during the fourth quarter valued at approximately $711,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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About Consol Energy

CONSOL Energy Inc, formerly CONSOL Mining Corporation, is engaged in the natural gas exploration and production business. The Company is a producer and exporter of high-Btu bituminous thermal and crossover metallurgical coal. It holds interest in the Pennsylvania Mining Complex (PMC) and related coal assets, terminal operations at the Port of Baltimore.

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