Is Buying CONSOL Energy Inc. Here a Winning Strategy? Option Traders Like The Stock

 Is Buying CONSOL Energy Inc. Here a Winning Strategy? Option Traders Like The Stock

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 2.89 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 -25.79% below today’s ($19.66) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Outperform” rating by Cowen & Co on Friday, August 14. On Thursday, September 24 the stock rating was reinitiated by Goldman Sachs with “Buy”. The firm has “Buy” rating given on Friday, August 14 by Jefferies. Deutsche Bank downgraded the shares of CNX in a report on Tuesday, November 3 to “Sell” rating. The firm has “Outperform” rating given on Friday, July 31 by FBR Capital. The rating was initiated by KLR Group with “Buy” on Monday, April 4. Deutsche Bank downgraded the stock to “Sell” rating in Tuesday, August 4 report. The company was initiated on Friday, October 30 by Susquehanna. The rating was maintained by Macquarie Research with “Neutral” on Wednesday, October 28. The firm has “Accumulate” rating given on Monday, July 18 by KLR Group.

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.
Capital Invsts has 7.84M shares for 0.03% of their US portfolio. Murphy Pohlad Asset Management Ltd Llc holds 0.37% or 30,525 shares in its portfolio. The Massachusetts-based Acadian Asset Llc has invested 0% in CONSOL Energy Inc. (NYSE:CNX). Lmr Prns Llp reported 30,354 shares or 0.08% of all its holdings. Prudential has 138,203 shares for 0% of their US portfolio. Moreover, Rhumbline Advisers has 0.02% invested in CONSOL Energy Inc. (NYSE:CNX) for 360,936 shares. The New York-based Cornerstone Capital Mgmt Hldgs Limited Liability Corporation has invested 0% in CONSOL Energy Inc. (NYSE:CNX). Ivory Invest Mngmt Ltd Liability Corporation has 0.14% invested in the company for 314,232 shares. Smith Asset Mngmt Grp Lp owns 820 shares or 0% of their US portfolio. Omega Advisors accumulated 150,000 shares or 0.07% of the stock. Moreover, Blackrock Fund Advsr has 0.03% invested in CONSOL Energy Inc. (NYSE:CNX) for 8.22M shares. Retirement Sys Of Alabama holds 295,872 shares or 0.03% of its portfolio. Ls Invest Advsr Llc last reported 13,775 shares in the company. The West Virginia-based Wesbanco Fincl Bank has invested 0.03% in CONSOL Energy Inc. (NYSE:CNX). Susquehanna Int Gru Llp holds 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 73,244 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 1 insider sale for $105.07 million net activity. 7.00M shares with value of $105.07M were sold by EINHORN DAVID on Wednesday, June 1.

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 $4.57 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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