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 1.92 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 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 -26.20% below today’s ($19.77) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, July 18 by KLR Group. Cowen & Co maintained CONSOL Energy Inc. (NYSE:CNX) on Friday, August 14 with “Outperform” rating. Deutsche Bank upgraded the shares of CNX in a report on Monday, October 5 to “Hold” rating. The stock has “Outperform” rating given by FBR Capital on Friday, February 26. FBR Capital maintained the stock with “Outperform” rating in Friday, July 31 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 5. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Neutral” rating given on Friday, October 30 by Susquehanna. Deutsche Bank downgraded it to “Sell” rating and $14 target price in Tuesday, August 4 report. Jefferies maintained the stock with “Buy” rating in Wednesday, July 27 report. The firm earned “Sell” rating on Tuesday, November 3 by Deutsche Bank.
Insitutional Activity: The institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.15, from 0.83 in 2016Q1. The ratio increased, 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.
Peak6 Invests Limited Partnership has 0.01% invested in the company for 41,093 shares. The Tennessee-based Weaver C Barksdale And Assoc has invested 0.02% in CONSOL Energy Inc. (NYSE:CNX). Fort Point Capital Prns Limited Com holds 0.08% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 10,000 shares. Landscape Capital Mgmt Ltd holds 40,300 shares or 0.09% of its portfolio. Loring Wolcott Coolidge Fiduciary Llp Ma last reported 4,000 shares in the company. Deutsche Commercial Bank Ag has 712,797 shares for 0.01% of their US portfolio. State Board Of Administration Of Florida Retirement System has invested 0.02% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Federated Invsts Inc Pa owns 98,690 shares or 0% of their US portfolio. Prudential Financial last reported 138,203 shares in the company. Clearbridge Limited has 4.41M shares for 1.41% of their US portfolio. Aberdeen Asset Management Public Limited Co Uk last reported 0% of its portfolio in the stock. Us Fincl Bank De has invested 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Marshall Wace Limited Liability Partnership, a United Kingdom-based fund reported 615,643 shares. Arizona State Retirement Systems has 89,594 shares for 0.02% of their US portfolio. Blackrock Ltd Com holds 0% or 193,131 shares in its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 1 insider sale for $105.07 million net activity. EINHORN DAVID sold $105.07M worth of stock.
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 $4.60 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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