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 3.69 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 -25.67% below today’s ($19.63) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained it with “Buy” rating and $14 target price in Wednesday, January 20 report. KLR Group downgraded CONSOL Energy Inc. (NYSE:CNX) on Monday, July 18 to “Accumulate” rating. Macquarie Research maintained it with “Neutral” rating and $9 target price in Wednesday, October 28 report. Deutsche Bank downgraded CONSOL Energy Inc. (NYSE:CNX) on Tuesday, November 3 to “Sell” rating. Deutsche Bank upgraded the shares of CNX in a report on Monday, October 5 to “Hold” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, January 22 report. The firm earned “Buy” rating on Monday, April 4 by KLR Group. The firm has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Buy” rating given on Wednesday, July 27 by Jefferies. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Neutral” rating given on Friday, October 30 by Susquehanna.
Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. 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.
Tarbox Grp Incorporated Incorporated accumulated 52 shares or 0% of the stock. The Florida-based Ladenburg Thalmann Fincl Services Inc has invested 0% in CONSOL Energy Inc. (NYSE:CNX). Whittier Tru holds 0% or 1,146 shares in its portfolio. Alliancebernstein L P holds 190,673 shares or 0% of its portfolio. Gotham Asset Management Ltd Company has 0.05% invested in the company for 245,528 shares. Da Davidson And Co holds 0% or 873 shares in its portfolio. Mcf Limited Liability Corp, a Kentucky-based fund reported 1,002 shares. Hutchin Hill Lp has 0.01% invested in the company for 24,400 shares. Gemmer Asset Mgmt Ltd Liability Corp last reported 0.04% of its portfolio in the stock. Comerica Comml Bank, a Michigan-based fund reported 174,661 shares. Peak6 Invests Limited Partnership accumulated 41,093 shares or 0.01% of the stock. The Pennsylvania-based Schneider Mngmt Corp has invested 6.57% in CONSOL Energy Inc. (NYSE:CNX). Qcm Cayman Ltd holds 14,119 shares or 0.1% of its portfolio. The Virginia-based Davenport And has invested 0% in CONSOL Energy Inc. (NYSE:CNX). Moreover, Morgan Stanley has 0.01% invested in CONSOL Energy Inc. (NYSE:CNX) for 891,459 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 1 insider sale for $105.07 million net activity. 7.00M CONSOL Energy Inc. (NYSE:CNX) shares with value of $105.07M were 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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