Traders See Bearish Options Activity CONSOL Energy Inc.

 Traders See Bearish Options Activity CONSOL Energy Inc.

In today’s session CONSOL Energy Inc. (CNX) recorded an unusually high (259) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CNX decrease. With 259 contracts traded and 94104 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CNX170120P00020000 closed last at: $1.52 or 6.2% down. About 468,668 shares traded hands. CONSOL Energy Inc. (NYSE:CNX) has risen 29.00% since April 27, 2016 and is uptrending. It has outperformed by 23.77% the S&P500.

Analysts await CONSOL Energy Inc. (NYSE:CNX) to report earnings on February, 3. They expect $-0.06 earnings per share, up 45.45% or $0.05 from last year’s $-0.11 per share. After $-0.15 actual earnings per share reported by CONSOL Energy Inc. for the previous quarter, Wall Street now forecasts -60.00% 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 $14.65 average target is -29.23% below today’s ($20.7) stock price. Consol Energy Inc. has been the topic of 39 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, October 5 by Deutsche Bank. The firm has “Outperform” rating by FBR Capital given on Friday, July 31. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Neutral” rating given on Wednesday, October 28 by Macquarie Research. Barclays Capital maintained the stock with “Equalweight” rating in Wednesday, July 13 report. Stifel Nicolaus maintained CONSOL Energy Inc. (NYSE:CNX) on Wednesday, January 20 with “Buy” rating. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Equal-Weight” rating by Morgan Stanley on Friday, January 22. Deutsche Bank downgraded the shares of CNX in a report on Tuesday, August 4 to “Sell” rating. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, October 5. On Friday, August 14 the stock rating was maintained by Cowen & Co with “Outperform”. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Buy” rating by Jefferies on Friday, August 14.

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 decreased to 0.81 in Q2 2016. Its down 0.17, from 0.98 in 2016Q1. The ratio dived, 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.
Prudential Inc has 0% invested in the company for 138,203 shares. The Utah-based Utah Retirement has invested 0.02% in CONSOL Energy Inc. (NYSE:CNX). Moreover, Vantage Invest Advsrs Ltd has 0% invested in CONSOL Energy Inc. (NYSE:CNX) for 100 shares. Psagot Invest House accumulated 0% or 1,200 shares. Vanguard reported 15.01M shares or 0.02% of all its holdings. Asset Mgmt Inc reported 15,181 shares or 0.01% of all its holdings. Wells Fargo Company Mn holds 0% or 545,438 shares in its portfolio. Hudock Group Ltd Com holds 540 shares or 0% of its portfolio. Clearbridge Llc holds 1.41% or 4.41M shares in its portfolio. Da Davidson & holds 0% or 873 shares in its portfolio. Kopernik Glob Ltd reported 1.90 million shares or 5.4% of all its holdings. Ivory Inv Mngmt Ltd Company last reported 0.14% of its portfolio in the stock. The Hawaii-based C M Bidwell Associates Limited has invested 0% in CONSOL Energy Inc. (NYSE:CNX). Virginia Retirement System Et Al has invested 0.01% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). The Maryland-based Howard Hughes Institute has invested 0.95% in CONSOL Energy Inc. (NYSE:CNX).

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 $4.87 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.

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