Could CONSOL Energy Inc. See a Reversal After Today’s Strong Options Activity?


 Could CONSOL Energy Inc. See a Reversal After Today's Strong 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 2.48 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 -26.05% below today’s ($19.73) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs reinitiated CONSOL Energy Inc. (NYSE:CNX) on Thursday, September 24 with “Buy” rating. The company was maintained on Monday, October 5 by Barclays Capital. Deutsche Bank downgraded the stock to “Sell” rating in Tuesday, August 4 report. The rating was maintained by Stifel Nicolaus on Wednesday, January 20 with “Buy”. The rating was maintained by Susquehanna on Tuesday, January 26 with “Neutral”. The rating was maintained by FBR Capital on Friday, July 31 with “Outperform”. The company was maintained on Friday, August 14 by Cowen & Co. Bank of America upgraded the shares of CNX in a report on Monday, August 15 to “Neutral” rating. Deutsche Bank downgraded it to “Sell” rating and $6 target price in Tuesday, November 3 report. The stock has “Equal-Weight” rating given by Morgan Stanley on Friday, January 22.

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.
Hanseatic Services owns 89,054 shares or 0.54% of their US portfolio. Tci Wealth Advsrs accumulated 452 shares or 0% of the stock. National Bank Of America Corporation De has invested 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Cubist Systematic Strategies Ltd Limited Liability Company holds 0.03% or 35,268 shares in its portfolio. Hudock Gp Limited Com holds 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 540 shares. Piershale Finance Grp Inc holds 180 shares or 0% of its portfolio. Gabelli Funds Ltd Limited Liability Company has invested 0.05% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Ardevora Asset Management Limited Liability Partnership owns 1.16M shares or 0.78% of their US portfolio. Parkside Savings Bank Trust last reported 0% of its portfolio in the stock. Steelhead Partners Ltd Liability Co last reported 0.02% of its portfolio in the stock. State Of New Jersey Common Pension Fund D accumulated 150,000 shares or 0.01% of the stock. Oakbrook Invs Ltd Liability Com has 11,900 shares for 0.01% of their US portfolio. Capital Ww holds 0.03% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 7.84 million shares. Goldman Sachs Gru, a New York-based fund reported 1.06 million shares. Gemmer Asset Mgmt Ltd Liability Corporation, a California-based fund reported 510 shares.

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 $4.59 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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