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. The stock increased 0.87% or $0.17 on October 4, hitting $19.62. About 4.21M 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 -25.64% below today’s ($19.62) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of CNX in a report on Monday, October 5 with “Equal-Weight” rating. As per Friday, October 30, the company rating was initiated by Susquehanna. The rating was initiated by KLR Group on Monday, April 4 with “Buy”. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Buy” rating given on Thursday, September 24 by Goldman Sachs. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Neutral” rating by Bank of America on Monday, August 15. Macquarie Research maintained the stock with “Neutral” rating in Wednesday, October 28 report. The company was maintained on Wednesday, January 20 by Stifel Nicolaus. FBR Capital maintained the shares of CNX in a report on Friday, July 31 with “Outperform” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, January 22. The rating was downgraded by KLR Group on Monday, July 18 to “Accumulate”.
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.
Nationwide Fund Advisors, a Pennsylvania-based fund reported 409,451 shares. Moreover, Indexiq Advisors Ltd Liability has 0.04% invested in CONSOL Energy Inc. (NYSE:CNX) for 43,318 shares. The Florida-based Kopernik Glob Invsts Limited Liability Corporation has invested 5.4% in CONSOL Energy Inc. (NYSE:CNX). Moreover, Pointstate Cap Limited Partnership has 0.21% invested in CONSOL Energy Inc. (NYSE:CNX) for 625,000 shares. Davenport And Lc holds 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 25,375 shares. Chevy Chase Tru Hldgs holds 0.03% or 295,955 shares in its portfolio. Howard Hughes Medical Institute accumulated 0.95% or 176,250 shares. National Bank & Trust Of Montreal Can last reported 0% of its portfolio in the stock. Water Island Capital Ltd Com holds 0.01% or 14,625 shares in its portfolio. The France-based Capital Fund Management Sa has invested 0.01% in CONSOL Energy Inc. (NYSE:CNX). Vanguard Grp Inc Inc holds 0.02% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 15.01 million shares. Clearbridge Investments Ltd Limited Liability Company accumulated 3.01 million shares or 0.06% of the stock. Aperio Ltd Liability Corp has 127,681 shares for 0.02% of their US portfolio. Fmr Limited Liability Com holds 7.73 million shares or 0.02% of its portfolio. Dynamic Cap holds 0.17% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 89,397 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 1 insider 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 $4.56 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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