The stock of CONSOL Energy Inc. (NYSE:CNX) hit a new 52-week high and has $30.33 target or 50.00% above today’s $20.22 share price. The 7 months bullish chart indicates low risk for the $4.68 billion company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $30.33 price target is reached, the company will be worth $2.34 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 542,296 shares traded hands. CONSOL Energy Inc. (NYSE:CNX) has risen 107.83% since March 2, 2016 and is uptrending. It has outperformed by 99.57% the S&P500.
Analysts await CONSOL Energy Inc. (NYSE:CNX) to report earnings on October, 25. They expect $-0.12 earnings per share, up 57.14% or $0.16 from last year’s $-0.28 per share. After $-0.21 actual earnings per share 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 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, October 30, the company rating was initiated by Susquehanna. KLR Group initiated it with “Buy” rating and $17 target price in Monday, April 4 report. Bank of America upgraded CONSOL Energy Inc. (NYSE:CNX) on Monday, August 15 to “Neutral” rating. As per Friday, February 26, the company rating was reinitiated by FBR Capital. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Accumulate” rating by KLR Group on Monday, July 18. The stock has “Hold” rating given by Deutsche Bank on Monday, October 5. Goldman Sachs reinitiated CONSOL Energy Inc. (NYSE:CNX) rating on Thursday, September 24. Goldman Sachs has “Buy” rating and $20 price target. The rating was maintained by Cowen & Co with “Outperform” on Friday, August 14. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The rating was maintained by Jefferies on Friday, August 14 with “Buy”.
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.
Moreover, Canada Pension Plan Investment Board has 0% invested in CONSOL Energy Inc. (NYSE:CNX) for 1,410 shares. Blackrock Institutional Trust Na accumulated 6.61M shares or 0.02% of the stock. Fmr Limited Co accumulated 0.02% or 7.73M shares. Barclays Public Limited, a United Kingdom-based fund reported 126,238 shares. Financial Bank Of Montreal Can owns 6,757 shares or 0% of their US portfolio. Schwab Charles Inv Mgmt Incorporated reported 693,512 shares or 0.01% of all its holdings. Quantitative Inv Mngmt Lc reported 31,300 shares or 0.02% of all its holdings. Bnp Paribas Arbitrage, a New York-based fund reported 113,614 shares. Moreover, Ibm Retirement Fund has 0.01% invested in CONSOL Energy Inc. (NYSE:CNX) for 22,926 shares. Van Eck Associates accumulated 6.46 million shares or 0.53% of the stock. Art Ltd Com accumulated 0.06% or 77,715 shares. Schneider Cap has 2.18M shares for 6.57% of their US portfolio. Moreover, Blackrock Grp has 0% invested in CONSOL Energy Inc. (NYSE:CNX) for 203,064 shares. Raymond James has invested 0.01% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Oregon Public Employees Retirement Fund reported 130,165 shares or 0.05% of all its holdings.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 1 insider sale for $105.07 million net activity. $105.07M worth of CONSOL Energy Inc. (NYSE:CNX) shares were sold by EINHORN DAVID.
More news for CONSOL Energy Inc. (NYSE:CNX) were recently published by: Post-Gazette.com, which released: “Consol Energy Center has become PPG Paints Arena” on October 04, 2016. Prnewswire.com‘s article titled: “CONSOL Energy Announces Third Quarter 2016 Earnings Release and Conference …” and published on October 04, 2016 is yet another important article.
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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