In today’s session CONSOL Energy Inc. (CNX) registered an unusually high (1,989) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CNX increase. With 1,989 contracts traded and 237904 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CNX170120C00020000 closed last at: $1.79 or 9.8% up. About 2.20 million shares traded hands. CONSOL Energy Inc. (NYSE:CNX) has risen 115.03% since March 1, 2016 and is uptrending. It has outperformed by 105.79% the S&P500.
Analysts await CONSOL Energy Inc. (NYSE:CNX) to report earnings on October, 25. They expect $-0.12 EPS, up 57.14% or $0.16 from last year’s $-0.28 per share. After $-0.21 actual EPS reported by CONSOL Energy Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth.
CONSOL Energy Inc. (NYSE:CNX) Ratings Coverage
Out of 14 analysts covering Consol Energy Inc. (NYSE:CNX), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. $35 is the highest target while $6 is the lowest. The $14.59 average target is -26.35% below today’s ($19.81) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Macquarie Research with “Neutral” on Wednesday, October 28. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Buy” rating given on Thursday, September 24 by Goldman Sachs. KLR Group initiated CONSOL Energy Inc. (NYSE:CNX) on Monday, April 4 with “Buy” rating. Jefferies maintained CONSOL Energy Inc. (NYSE:CNX) on Friday, August 14 with “Buy” rating. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Buy” rating by Stifel Nicolaus on Wednesday, January 20. The firm earned “Equalweight” rating on Wednesday, July 13 by Barclays Capital. The rating was maintained by Susquehanna with “Neutral” on Tuesday, January 26. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Buy” rating given on Wednesday, July 27 by Jefferies. Morgan Stanley downgraded the shares of CNX in a report on Friday, January 22 to “Equal-Weight” rating. Susquehanna initiated CONSOL Energy Inc. (NYSE:CNX) on Friday, October 30 with “Neutral” rating.
Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.15, from 0.83 in 2016Q1. The ratio improved, as 29 funds sold all CONSOL Energy Inc. shares owned while 93 reduced positions. 47 funds bought stakes while 73 increased positions. They now own 231.48 million shares or 7.10% less from 249.17 million shares in 2016Q1.
Ubs Asset Mngmt Americas has 300,548 shares for 0.01% of their US portfolio. Psagot Invest House Ltd last reported 1,200 shares in the company. Coe Cap Lc accumulated 0% or 50,000 shares. The Japan-based Nomura Asset Management has invested 0% in CONSOL Energy Inc. (NYSE:CNX). National Bank Of America De reported 494,079 shares or 0% of all its holdings. Howard Hughes Institute accumulated 0.95% or 176,250 shares. Amalgamated Comml Bank owns 26,862 shares or 0.03% of their US portfolio. Virginia Retirement System Et Al reported 29,300 shares or 0.01% of all its holdings. Hbk Investments Ltd Partnership holds 0.03% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 193,724 shares. Morgan Stanley has invested 0.01% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Hutchin Hill Capital L P reported 24,400 shares or 0.01% of all its holdings. Point72 Asset Management L P has 0.05% invested in the company for 468,721 shares. First Manhattan Comm accumulated 0% or 1,160 shares. Rhumbline Advisers has 0.02% invested in the company for 360,936 shares. Omega Advsr holds 150,000 shares or 0.07% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 1 insider sale for $105.07 million net activity. EINHORN DAVID had sold 7.00 million shares worth $105.07M on Wednesday, June 1.
CONSOL Energy Inc. is an integrated energy firm that operates through two divisions: gas and oil exploration and production (E&P) and coal mining. The company has a market cap of $4.61 billion. The principal activity of the E&P division is to produce pipeline quality natural gas for sale primarily to natural gas wholesalers. It currently has negative earnings. The E&P division’s divisions are Marcellus, Utica, Coalbed Methane, and Other Gas.
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