Taking on analysts’ expectations and winning: CONSOL Energy Inc. (CEIX)

CONSOL Energy Inc. (NYSE: CEIX) stock jumped 0.12% on Tuesday to $58.59 against a previous-day closing price of $58.52. With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.78 million shares. During the session, the Thermal Coal company that operates in wider Energy sector, reached to the highest price of $59.49 whereas the lowest price it dropped to was $57.99. The 52-week range on CEIX shows that it touched its highest point at $79.17 and its lowest point at $39.62 during that stretch. It currently has a 1-year price target of $79.67. With its current market cap of 2.00 billion, CEIX has annualized dividend of $4.40 while the current yield stands at 7.51%. Beta for the stock currently stands at 1.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CEIX was up-trending over the past week, with a rise of 0.84%, but this was up by 0.02% over a month. Three-month performance surged to 12.44% while six-month performance fell -3.03%. The stock gained 16.34% in the past year, while it has lost -9.86% so far this year. A look at the trailing 12-month EPS for CEIX yields 19.73 with Next year EPS estimates of 20.46. For the next quarter, that number is 4.70. This implies an EPS growth rate of 65.00% for this year and -5.12% for next year.

Float and Shares Shorts:

At present, 34.53 million CEIX shares are outstanding with a float of 33.06 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.69 million, which was 7.93% higher than short shares on Mar 30, 2023. In addition to Mr. James A. Brock as the firm’s CEO & Director, Mr. Miteshkumar B. Thakkar serves as its CFO & Pres.

Institutional Ownership:

Through their ownership of 94.33% of CEIX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.96% of CEIX, in contrast to 37.20% held by mutual funds. Shares owned by individuals account for 20.39%. As the largest shareholder in CEIX with 13.65% of the stake, BlackRock Fund Advisors holds 4,741,889 shares worth 4,741,889. A second-largest stockholder of CEIX, SSgA Funds Management, Inc., holds 2,332,997 shares, controlling over 6.71% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CEIX, holding 2,206,669 shares or 6.35% stake. With a 6.83% stake in CEIX, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,371,988 shares are owned by the mutual fund manager. The SPDR S&P Metals & Mining ETF, which owns about 4.55% of CEIX stock, is the second-largest Mutual Fund holder. It holds 1,580,279 shares valued at 93.77 million. Vanguard Total Stock Market ETF holds 2.32% of the stake in CEIX, owning 806,720 shares worth 47.87 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CEIX reported revenue of $604.88M and operating income of $224.46M. The EBITDA in the recently reported quarter was $290.07M and diluted EPS was $3.54.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CEIX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CEIX analysts setting a high price target of $84.00 and a low target of $75.00, the average target price over the next 12 months is $79.67. Based on these targets, CEIX could surge 43.37% to reach the target high and rise by 28.01% to reach the target low. Reaching the average price target will result in a growth of 35.98% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CEIX stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 558 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 202,401 while 175,207 shares were sold.

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