Could CONSOL Energy Inc. Rise Even More? The Stock Had Bullish Options Activity

 Could CONSOL Energy Inc. Rise Even More? The Stock Had Bullish Options Activity

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 1.55M 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. On Thursday, September 24 the stock rating was reinitiated by Goldman Sachs with “Buy”. The firm has “Buy” rating by Jefferies given on Wednesday, July 27. Deutsche Bank downgraded it to “Sell” rating and $6 target price in Tuesday, November 3 report. The company was maintained on Friday, July 31 by FBR Capital. As per Monday, October 5, the company rating was upgraded by Deutsche Bank. As per Tuesday, January 26, the company rating was maintained by Susquehanna. The firm earned “Neutral” rating on Wednesday, October 28 by Macquarie Research. The rating was downgraded by KLR Group to “Accumulate” on Monday, July 18. As per Monday, October 5, the company rating was maintained by Barclays Capital. On Friday, August 14 the stock rating was maintained by Jefferies with “Buy”.

Insitutional Activity: The institutional sentiment increased to 0.98 in 2016 Q2. 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.
Plante Moran Finance Limited Liability accumulated 405 shares or 0.01% of the stock. Moreover, Blackrock Advsrs Ltd Liability has 0% invested in CONSOL Energy Inc. (NYSE:CNX) for 193,131 shares. Murphy Pohlad Asset Management Limited Liability Company last reported 0.37% of its portfolio in the stock. Kistler last reported 0% of its portfolio in the stock. Mizuho And Company has 0.03% invested in the company for 558,800 shares. Capstone Asset Management Com holds 0.01% or 29,143 shares in its portfolio. First Personal Finance Services has 0% invested in the company for 788 shares. Bluecrest Mgmt Limited last reported 0.08% of its portfolio in the stock. Mraz Amerine reported 10,450 shares or 0.06% of all its holdings. Omega has 0.07% invested in the company for 150,000 shares. The Ontario – Canada-based Cibc Markets has invested 0% in CONSOL Energy Inc. (NYSE:CNX). Clearbridge last reported 4.41 million shares in the company. Westpac last reported 0% of its portfolio in the stock. Franklin Resource has 13.70M shares for 0.12% of their US portfolio. Advisory Services Ntwk Ltd Llc has invested 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX).

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 1 sale for $105.07 million net activity. $105.07 million worth of CONSOL Energy Inc. (NYSE:CNX) 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 $4.60 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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