Short Interest Coverage: Will Consol Energy Incorporated (NYSE:CNX) Run Out of Steam Soon? Short Interest Is Down

November 30, 2016 - By Vivian Park   ·   0 Comments

Short Interest Coverage: Will Consol Energy Incorporated (NYSE:CNX) Run Out of Steam Soon? Short Interest Is Down

The stock of Consol Energy Incorporated (NYSE:CNX) registered a decrease of 2.38% in short interest. CNX’s total short interest was 31.85 million shares in November as published by FINRA. Its down 2.38% from 32.63M shares, reported previously. With 4.21 million shares average volume, it will take short sellers 8 days to cover their CNX’s short positions. The short interest to Consol Energy Incorporated’s float is 15.23%. The stock increased 2.56% or $0.5 during the last trading session, hitting $20.24. 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.

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 $4.67 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.

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.17, from 0.98 in 2016Q1. The ratio worsened, 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.
First Manhattan Communications holds 0% or 1,160 shares in its portfolio. Arlington Cap has 5.65% invested in the company for 600,172 shares. Manufacturers Life The has 309,713 shares for 0.01% of their US portfolio. Tocqueville Asset Mgmt Ltd Partnership holds 0.16% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 764,527 shares. Allianz Asset Ag holds 0% or 321,073 shares in its portfolio. Amalgamated Bankshares has 0.03% invested in the company for 26,862 shares. California State Teachers Retirement Systems accumulated 493,923 shares or 0.02% of the stock. Huntington Bancorporation has 0% invested in the company for 20 shares. Advantus Cap Management Inc, a Minnesota-based fund reported 27,778 shares. Fin Architects reported 1,504 shares or 0.01% of all its holdings. Financial Bank Of America De has 494,079 shares for 0% of their US portfolio. Mackenzie Financial accumulated 0.01% or 77,044 shares. Seven Eight Cap Lc accumulated 0.37% or 67,700 shares. Freestone Capital Hldg Lc, a Washington-based fund reported 27,616 shares. Moreover, World Asset Mgmt has 0.01% invested in CONSOL Energy Inc. (NYSE:CNX) for 15,181 shares.

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 39 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, October 5, the company rating was upgraded by Deutsche Bank. As per Wednesday, July 27, the company rating was maintained by Jefferies. The rating was maintained by FBR Capital on Thursday, October 13 with “Outperform”. The firm has “Sell” rating given on Tuesday, November 3 by Deutsche Bank. KLR Group downgraded CONSOL Energy Inc. (NYSE:CNX) on Monday, July 18 to “Accumulate” rating. Morgan Stanley downgraded CONSOL Energy Inc. (NYSE:CNX) on Friday, January 22 to “Equal-Weight” rating. Susquehanna initiated the shares of CNX in a report on Friday, October 30 with “Neutral” rating. Susquehanna maintained the shares of CNX in a report on Tuesday, January 26 with “Neutral” rating. The rating was maintained by FBR Capital with “Outperform” on Friday, July 31. The stock has “Sell” rating given by Deutsche Bank on Tuesday, August 4.

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 and Noble Energy, Inc. Announce Agreement to Separate Marcellus …” on October 31, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Vivian Park

Tags: , ,


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>