November 29, 2016 - By Ellis Scott · 0 Comments
Consol Energy Inc (NYSE:CNX) institutional sentiment decreased to 0.81 in 2016 Q2. Its down -0.17, from 0.98 in 2016Q1. The ratio has worsened, as 120 active investment managers started new and increased positions, while 122 sold and trimmed stock positions in Consol Energy Inc. The active investment managers in our partner’s database now hold: 231.48 million shares, down from 249.17 million shares in 2016Q1. Also, the number of active investment managers holding Consol Energy Inc in their top 10 positions increased from 3 to 7 for an increase of 4. Sold All: 29 Reduced: 93 Increased: 73 New Position: 47.
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 $4.70 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.
About 3.23M shares traded hands. CONSOL Energy Inc. (NYSE:CNX) has risen 39.41% since April 26, 2016 and is uptrending. It has outperformed by 34.15% the S&P500.
Analysts await CONSOL Energy Inc. (NYSE:CNX) to report earnings on February, 3. They expect $-0.06 EPS, up 45.45% or $0.05 from last year’s $-0.11 per share. After $-0.15 actual EPS reported by CONSOL Energy Inc. for the previous quarter, Wall Street now forecasts -60.00% EPS growth.
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.”
Quaker Capital Investments Llc holds 17.92% of its portfolio in CONSOL Energy Inc. for 2.70 million shares. Southeastern Asset Management Inc Tn owns 49.54 million shares or 8.14% of their US portfolio. Moreover, Schneider Capital Management Corp has 6.57% invested in the company for 2.18 million shares. The New York-based Greenlight Capital Inc has invested 6.49% in the stock. Bocage Capital Llc, a California-based fund reported 571,068 shares.#img1#
Ratings analysis reveals 57% of Consol Energy Inc.’s analysts are positive. Out of 14 Wall Street analysts rating Consol Energy Inc., 8 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $6 while the high is $35. The stock’s average target of $14.65 is -28.19% below today’s ($20.4) share price. CNX was included in 39 notes of analysts from July 21, 2015. As per Friday, October 30, the company rating was initiated by Susquehanna. The firm has “Buy” rating by Jefferies given on Wednesday, July 27. The rating was downgraded by KLR Group on Monday, July 18 to “Accumulate”. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Outperform” rating given on Friday, August 14 by Cowen & Co. As per Thursday, September 24, the company rating was reinitiated by Goldman Sachs. Barclays Capital maintained the shares of CNX in a report on Monday, October 5 with “Equal-Weight” rating. The rating was downgraded by Deutsche Bank to “Sell” on Tuesday, August 4. Deutsche Bank downgraded CONSOL Energy Inc. (NYSE:CNX) rating on Tuesday, November 3. Deutsche Bank has “Sell” rating and $6 price target. The firm has “Equalweight” rating given on Wednesday, July 13 by Barclays Capital. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, January 20.
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 and Noble Energy, Inc. Announce Agreement to Separate Marcellus …” on October 31, 2016.
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By Ellis Scott