Short Interest in CONSOL Energy Inc. (NYSE:CEIX) Rises By 15.2%

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. Based on an average daily volume of 458,100 shares, the days-to-cover ratio is presently 4.0 days. Approximately 6.3% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, B. Riley increased their target price on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th.

CONSOL Energy Price Performance

CONSOL Energy stock traded up $2.02 during midday trading on Thursday, reaching $111.68. The company had a trading volume of 32,749 shares, compared to its average volume of 475,126. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. CONSOL Energy has a 12-month low of $75.43 and a 12-month high of $114.30. The company has a market capitalization of $3.28 billion, a P/E ratio of 6.65 and a beta of 1.73. The firm’s fifty day simple moving average is $101.18 and its 200-day simple moving average is $97.03.

CONSOL Energy (NYSE:CEIX) last announced its earnings results 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 company had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. During the same quarter in the previous year, the company posted $4.94 EPS. As a group, equities analysts anticipate that CONSOL Energy will post 11.53 EPS for the current year.

CONSOL Energy Cuts Dividend

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

Hedge Funds Weigh In On CONSOL Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in shares of CONSOL Energy during the first quarter valued at about $620,000. Jupiter Asset Management Ltd. acquired a new stake in CONSOL Energy in the 1st quarter valued at approximately $10,832,000. Allspring Global Investments Holdings LLC raised its position in CONSOL Energy by 750.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,031 shares of the company’s stock valued at $2,264,000 after purchasing an additional 23,852 shares during the period. Lake Street Advisors Group LLC acquired a new position in CONSOL Energy during the first quarter worth $750,000. Finally, Samlyn Capital LLC purchased a new position in shares of CONSOL Energy during the second quarter worth $36,033,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.