Is CONSOL Energy Inc. a Buy? The Stock Had Bullish Options Activity Today

 Is CONSOL Energy Inc. a Buy? The Stock Had Bullish Options Activity Today

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 1.12M 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 -26.13% below today’s ($19.75) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank downgraded CONSOL Energy Inc. (NYSE:CNX) rating on Tuesday, November 3. Deutsche Bank has “Sell” rating and $6 price target. The firm has “Equalweight” rating by Barclays Capital given on Wednesday, July 13. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Equal-Weight” rating by Barclays Capital on Monday, October 5. The rating was maintained by FBR Capital with “Outperform” on Friday, July 31. The firm has “Hold” rating given on Monday, October 5 by Deutsche Bank. The stock has “Sell” rating given by Deutsche Bank on Tuesday, August 4. The firm has “Equal-Weight” rating given on Friday, January 22 by Morgan Stanley. The firm has “Outperform” rating by FBR Capital given on Friday, February 26. The firm has “Neutral” rating by Macquarie Research given on Wednesday, October 28. Jefferies maintained CONSOL Energy Inc. (NYSE:CNX) on Wednesday, July 27 with “Buy” rating.

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. 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.
Goldman Sachs Group Incorporated Incorporated holds 0.01% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 1.06 million shares. Smith Asset Grp Ltd Partnership holds 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 820 shares. State Street Corporation, a Massachusetts-based fund reported 7.65 million shares. Fmr Limited Liability Corporation accumulated 7.73M shares or 0.02% of the stock. Vantage Limited Com holds 0% or 100 shares in its portfolio. Mitsubishi Ufj Tru & Bk has 0% invested in the company for 14,213 shares. Eubel Brady And Suttman Asset Incorporated last reported 730,105 shares in the company. Zweig holds 143,410 shares or 0.24% of its portfolio. Hutchin Hill Capital Limited Partnership holds 0.01% or 24,400 shares in its portfolio. Howard Hughes Med Institute owns 176,250 shares or 0.95% of their US portfolio. Gateway Investment Advisers Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Aperio Group Incorporated Lc has 0.02% invested in the company for 127,681 shares. New York State Teachers Retirement System last reported 396,802 shares in the company. Ameritas Investment has 0.04% invested in the company for 36,267 shares. Hrt Financial Limited Liability Corp last reported 17,072 shares in the company.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 1 insider sale for $105.07 million net activity. The insider EINHORN DAVID sold 7.00M shares worth $105.07M.

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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