In today’s session CONSOL Energy Inc. (CNX) registered an unusually high (526) 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 526 contracts traded and 21274 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CNX170120C00018000 closed last at: $1.19 or 22.2% down. About 467,544 shares traded hands. CONSOL Energy Inc. (NYSE:CNX) has risen 53.56% since April 5, 2016 and is uptrending. It has outperformed by 51.61% the S&P500.
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 $14.65 average target is -14.08% below today’s ($17.05) stock price. Consol Energy Inc. has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. FBR Capital maintained CONSOL Energy Inc. (NYSE:CNX) on Thursday, October 13 with “Outperform” rating. Susquehanna initiated the shares of CNX in a report on Friday, October 30 with “Neutral” rating. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Outperform” rating by FBR Capital on Friday, February 26. On Monday, October 5 the stock rating was upgraded by Deutsche Bank to “Hold”. Deutsche Bank downgraded CONSOL Energy Inc. (NYSE:CNX) on Tuesday, August 4 to “Sell” rating. Morgan Stanley downgraded it to “Equal-Weight” rating and $29 target price in Friday, January 22 report. The firm has “Equalweight” rating by Barclays Capital given on Wednesday, July 13. The rating was initiated by KLR Group with “Buy” on Monday, April 4. KLR Group downgraded the shares of CNX in a report on Monday, July 18 to “Accumulate” rating.
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 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.
Qci Asset Management Ny last reported 64 shares in the company. Raymond James Fincl Svcs Advsrs last reported 0% of its portfolio in the stock. Arizona State Retirement Sys accumulated 0.02% or 89,594 shares. Cubist Systematic Strategies Ltd Liability Corporation accumulated 0.03% or 35,268 shares. Eubel Brady Suttman Asset Mgmt, a Ohio-based fund reported 730,105 shares. Alliancebernstein Lp reported 190,673 shares or 0% of all its holdings. Hudock Cap Group Lc has 540 shares for 0% of their US portfolio. Commercial Bank Of Montreal Can holds 6,757 shares or 0% of its portfolio. Bnp Paribas Arbitrage holds 113,614 shares or 0.01% of its portfolio. Fincl Services has 294 shares for 0% of their US portfolio. Moreover, Creative Planning has 0% invested in CONSOL Energy Inc. (NYSE:CNX) for 4,861 shares. Kopernik Glob Investors Limited Liability Company has 1.90M shares for 5.4% of their US portfolio. Wesbanco State Bank Inc last reported 0.03% of its portfolio in the stock. Us Bancorp De last reported 0% of its portfolio in the stock. The Pennsylvania-based Susquehanna Grp Limited Liability Partnership has invested 0% in CONSOL Energy Inc. (NYSE:CNX).
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 $3.57 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.
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.
Another recent and important CONSOL Energy Inc. (NYSE:CNX) news was published by Prnewswire.com which published an article titled: “CONSOL Energy Reports Third Quarter Results; Net Income of $25 million, or $0 …” on November 01, 2016.
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