Today’s Stock On Watch: Will CONSOL Energy Inc. Short Squeeze Soon?

Today's Stock On Watch: Will CONSOL Energy Inc. Short Squeeze Soon?

The stock of CONSOL Energy Inc. (NYSE:CNX) is a huge mover today! About 1.01 million shares traded hands. CONSOL Energy Inc. (NYSE:CNX) has risen 69.66% since March 11, 2016 and is uptrending. It has outperformed by 64.20% the S&P500.
The move comes after 6 months negative chart setup for the $4.42B company. It was reported on Oct, 14 by Barchart.com. We have $18.17 PT which if reached, will make NYSE:CNX worth $221.00M less.

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. Susquehanna maintained CONSOL Energy Inc. (NYSE:CNX) rating on Tuesday, January 26. Susquehanna has “Neutral” rating and $7 price target. Barclays Capital maintained it with “Equal-Weight” rating and $18 target price in Monday, October 5 report. Cowen & Co maintained the shares of CNX in a report on Friday, August 14 with “Outperform” rating. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Outperform” rating by FBR Capital on Thursday, October 13. Barclays Capital maintained the shares of CNX in a report on Wednesday, July 13 with “Equalweight” rating. The stock has “Neutral” rating given by Bank of America on Monday, August 15. The firm earned “Sell” rating on Tuesday, November 3 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, July 27 by Jefferies. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Equal-Weight” rating by Morgan Stanley on Friday, January 22. On Monday, July 18 the stock rating was downgraded by KLR Group to “Accumulate”.

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 2016 Q2. Its up 0.15, from 0.83 in 2016Q1. The ratio is positive, 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.
The Pennsylvania-based Quaker Capital Investments Limited Liability Com has invested 17.92% in CONSOL Energy Inc. (NYSE:CNX). Franklin Resource Incorporated last reported 0.12% of its portfolio in the stock. Arlington Capital Mgmt Incorporated holds 5.65% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 600,172 shares. Highlander Capital Management Lc has invested 0.19% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Quantitative Investment Management Ltd Company last reported 0.02% of its portfolio in the stock. Ardevora Asset Management Llp last reported 1.16 million shares in the company. Moreover, Dimensional Fund Advsrs Lp has 0.05% invested in CONSOL Energy Inc. (NYSE:CNX) for 5.59M shares. Oregon Pub Employees Retirement Fund accumulated 130,165 shares or 0.05% of the stock. Manufacturers Life Ins Com The has invested 0.01% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Jfs Wealth Advsrs Ltd Llc has 175 shares for 0% of their US portfolio. Ladenburg Thalmann Fincl, a Florida-based fund reported 16,313 shares. Blackrock Institutional Trust Na holds 0.02% or 6.61 million shares in its portfolio. Gabelli Funds Limited Liability holds 501,500 shares or 0.05% of its portfolio. Price T Rowe Incorporated Md accumulated 0.03% or 9.05 million shares. Parkside Bank And Tru accumulated 45 shares or 0% of the stock.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 1 insider sale for $105.07 million net activity. EINHORN DAVID also sold $105.07 million worth of CONSOL Energy Inc. (NYSE:CNX) shares.

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.

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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