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 658,790 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 earnings per share, up 57.14% or $0.16 from last year’s $-0.28 per share. After $-0.21 actual earnings per share 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 -25.60% below today’s ($19.61) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Jefferies maintained CONSOL Energy Inc. (NYSE:CNX) on Wednesday, July 27 with “Buy” rating. On Friday, August 14 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Neutral” rating on Monday, August 15 by Bank of America. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Equal-Weight” rating by Morgan Stanley on Friday, January 22. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Buy” rating given on Thursday, September 24 by Goldman Sachs. Barclays Capital maintained CONSOL Energy Inc. (NYSE:CNX) rating on Wednesday, July 13. Barclays Capital has “Equalweight” rating and $14 price target. The rating was upgraded by Deutsche Bank to “Hold” on Monday, October 5. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Outperform” rating by Cowen & Co on Friday, August 14. The stock has “Buy” rating given by KLR Group on Monday, April 4. On Monday, July 18 the stock rating was downgraded by KLR Group to “Accumulate”.
Insitutional Activity: The institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.15, from 0.83 in 2016Q1. The ratio is positive, 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.
Coe Capital Mgmt Limited Liability last reported 0% of its portfolio in the stock. The Colorado-based Employees Retirement Association Of Colorado has invested 0.01% in CONSOL Energy Inc. (NYSE:CNX). Old Mutual Customised Solutions (Proprietary) Ltd accumulated 7,000 shares or 0.03% of the stock. Natl Bank Of New York Mellon holds 2.40M shares or 0.01% of its portfolio. Fort Point Lc has 0.08% invested in the company for 10,000 shares. Tocqueville Asset Mngmt L P holds 0.16% or 764,527 shares in its portfolio. The California-based Bocage Capital Limited Liability Com has invested 5.77% in CONSOL Energy Inc. (NYSE:CNX). Hanseatic Mngmt holds 0.54% or 89,054 shares in its portfolio. Franklin Resource last reported 13.70M shares in the company. Moreover, Vantage Invest Advsrs Ltd Limited Liability Company has 0% invested in CONSOL Energy Inc. (NYSE:CNX) for 100 shares. Gargoyle Investment Advisor Limited Liability Co has 10,300 shares for 0.06% of their US portfolio. State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 367,359 shares. Ivory Investment Management Limited Liability Corporation has 0.14% invested in the company for 314,232 shares. Blackrock Fund Advsrs accumulated 8.22M shares or 0.03% of the stock. Jane Street Gru Ltd Llc has 0% invested in the company for 54,983 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 1 insider sale for $105.07 million net activity. Another trade for 7.00M shares valued at $105.07M was sold by EINHORN DAVID.
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 $4.56 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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