In today’s session CONSOL Energy Inc. (CNX) registered an unusually high (287) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CNX increase. With 287 contracts traded and 2774 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CNX161118C00022000 closed last at: $0.52 or 6.1% up. About 1.77 million shares traded hands. CONSOL Energy Inc. (NYSE:CNX) has risen 57.41% since March 14, 2016 and is uptrending. It has outperformed by 51.80% 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. Consol Energy Inc. has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, February 26 by FBR Capital. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 5. The company was downgraded on Tuesday, August 4 by Deutsche Bank. The firm earned “Hold” rating on Monday, October 5 by Deutsche Bank. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Neutral” rating given on Monday, August 15 by Bank of America. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Buy” rating given on Friday, August 14 by Jefferies. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, January 20. The rating was maintained by Susquehanna with “Neutral” on Tuesday, January 26. Cowen & Co maintained CONSOL Energy Inc. (NYSE:CNX) rating on Friday, August 14. Cowen & Co has “Outperform” rating and $20 price target. KLR Group initiated CONSOL Energy Inc. (NYSE:CNX) rating on Monday, April 4. KLR Group has “Buy” rating and $17 price target.
According to Zacks Investment Research, “CONSOL Energy Inc. is the largest producer of high-Btu bituminous coal in the United States, and the largest exporter of U.S. coal.”
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.
Oakbrook Invests Limited Liability Corporation, a Illinois-based fund reported 11,900 shares. Fort Point Cap Partners Lc has 0.08% invested in the company for 10,000 shares. Guggenheim Capital Ltd Liability Corp has invested 0.01% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Moreover, Envestnet Asset Mgmt has 0% invested in CONSOL Energy Inc. (NYSE:CNX) for 1,499 shares. The New York-based Alliancebernstein L P has invested 0% in CONSOL Energy Inc. (NYSE:CNX). Canada Pension Plan Inv Board owns 1,410 shares or 0% of their US portfolio. Ladenburg Thalmann Svcs Inc has 16,313 shares for 0% of their US portfolio. Glenmede Tru Na holds 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 657 shares. American International Group accumulated 0% or 447,373 shares. Regions has 36,100 shares for 0.01% of their US portfolio. Janney Montgomery Scott Lc accumulated 0% or 37,047 shares. Moreover, Dimensional Fund Advsr Ltd Partnership has 0.05% invested in CONSOL Energy Inc. (NYSE:CNX) for 5.59M shares. Fmr Ltd Liability Corporation holds 0.02% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 7.73 million shares. Signaturefd Ltd Liability accumulated 673 shares or 0% of the stock. Thrivent Financial For Lutherans holds 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 32,070 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 1 insider sale for $105.07 million net activity. Shares for $105.07M were 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 $4.01 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.
CNX Company Profile
CONSOL Energy Inc. (CONSOL Energy), incorporated on October 31, 199, is an integrated energy firm that operates through two divisions: gas and oil exploration and production (E&P) and coal mining. The principal activity of the E&P division is to produce pipeline quality natural gas for sale primarily to natural gas wholesalers. The E&P division’s divisions are Marcellus, Utica, Coalbed Methane, and Other Gas. The Other Gas segment is primarily related to shallow gas and oil production, as well as Upper Devonian Shale, and includes the Company’s purchased gas activities and general and administrative activities, as well as various other activities assigned to the E&P division but not allocated to each individual well type. The principal activities of the Coal division are mining, preparation and marketing of thermal coal, sold primarily to power generators, and metallurgical coal, sold to metal and coke producers. The Coal division’s divisions are Pennsylvania (PA) Operations, Virginia (VA) Operations, and Other Coal. The Company’s E&P division focuses on Appalachian area natural gas and liquids activities, including production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin. The Company’s Coal division focuses on the extraction and preparation of coal in the Appalachian Basin. The Firm also holds over two joint ventures, one with Noble Energy, Inc. (Noble) in the Marcellus Shale and one with a subsidiary of Hess Corporation (Hess) in the Utica Shale.
More news for CONSOL Energy Inc. (NYSE:CNX) were recently published by: Prnewswire.com, which released: “CONSOL Energy Announces Third Quarter 2016 Earnings Release and Conference …” on October 04, 2016. Post-Gazette.com‘s article titled: “Consol Energy Center has become PPG Paints Arena” and published on October 04, 2016 is yet another important article.
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