CONSOL Energy Inc. (CEIX) produces and exports bituminous coal.
It operates through PAMC, CONSOL Marine Terminal, and Other segments.
The company mines, prepares, and markets thermal coal; and offers coal export terminal services, as well as develops the Itmann Mine and the Greenfield reserves.
It owns and operates the Pennsylvania Mining Complex (PAMC), which includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the Central Preparation Plant; and CONSOL Marine Terminal located in the port of Baltimore.
As of December 31, 2020, the company had 657.9 million tons of proven and probable coal reserves at PAMC. It also owns approximately 1.5 billion tons of Greenfield reserves located in the Northern Appalachian, Central Appalachian, and Illinois basins.
The Company reported its quarterly results on August 3rd. Consol Energy reported 2nd Quarter June 2021 earnings of $0.58 per share on revenue of $287.2 million. The consensus earnings estimate was $0.22 per share on revenue of $290.2 million. Revenue grew 76.6% on a year-over-year basis. Shares have formed a bullish "cup and handle" and are expect to move higher out of this formation.
Entry Point: $22.00
Trading Range: $3.66 to $22.54
Stop Loss: $20.90
Target Price: $24.20
Taking profits at $24.25.