Some Traders See Unusual Bullish Options Activity in CONSOL Energy Inc.

 Some Traders See Unusual Bullish Options Activity in CONSOL Energy Inc.

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 3.12M 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 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 -26.09% below today’s ($19.74) stock price. Consol Energy Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock with “Outperform” rating in Friday, August 14 report. The rating was initiated by KLR Group on Monday, April 4 with “Buy”. Goldman Sachs reinitiated the shares of CNX in a report on Thursday, September 24 with “Buy” rating. The firm has “Equalweight” rating by Barclays Capital given on Wednesday, July 13. As per Wednesday, October 28, the company rating was maintained by Macquarie Research. Susquehanna maintained the shares of CNX in a report on Tuesday, January 26 with “Neutral” rating. The rating was maintained by Jefferies with “Buy” on Wednesday, July 27. The rating was downgraded by Deutsche Bank on Tuesday, August 4 to “Sell”. The firm has “Buy” rating given on Friday, August 14 by Jefferies. The firm earned “Equal-Weight” rating on Friday, January 22 by Morgan Stanley.

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.
Legal General Group Inc Plc reported 293,924 shares or 0% of all its holdings. Parametric Portfolio Associate Ltd Liability Corporation accumulated 0.02% or 737,143 shares. Quantitative Mgmt Limited Liability last reported 0.02% of its portfolio in the stock. Cubist Systematic Strategies Limited Company last reported 35,268 shares in the company. Proshare Lc holds 0.01% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 39,549 shares. The Maryland-based Profund Advisors has invested 0.05% in CONSOL Energy Inc. (NYSE:CNX). Clearbridge Invs Limited Liability Co, a New York-based fund reported 3.01M shares. Moreover, Corsair Capital Management Limited Partnership has 0.27% invested in CONSOL Energy Inc. (NYSE:CNX) for 110,447 shares. Hsbc Public Ltd Company last reported 33,496 shares in the company. Arizona State Retirement Sys has invested 0.02% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Marshall Wace Llp last reported 0.08% of its portfolio in the stock. Hudock Grp Limited Company has 540 shares for 0% of their US portfolio. Group Incorporated One Trading Limited Partnership holds 708,690 shares or 0.13% of its portfolio. Murphy Pohlad Asset Ltd Com has 30,525 shares for 0.37% of their US portfolio. Fund Mngmt holds 0.01% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 99,227 shares.

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

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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