Consol Energy Target of Unusually High Options Trading (CNX)
Shares of Consol Energy (NYSE:CNX) was the target of some unusual options trading on Friday. Investors bought 19,433 call options on the stock, StockRatingsNetwork reports. This is an increase of 633% compared to the typical volume of 2,650 call options.
A number of research firms have recently commented on CNX. Analysts at Raymond James raised their price target on shares of Consol Energy from $40.00 to $50.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Consol Energy from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 27th. They now have a $43.00 price target on the stock, up previously from $35.00. Finally, analysts at Macquarie initiated coverage on shares of Consol Energy in a research note to investors on Friday, September 6th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.40.
Consol Energy (NYSE:CNX) traded up 3.75% during mid-day trading on Friday, hitting $38.17. The stock had a trading volume of 10,227,027 shares. Consol Energy has a 52-week low of $26.25 and a 52-week high of $37.39. The stock’s 50-day moving average is $33.9 and its 200-day moving average is $32.41. The company has a market cap of $8.735 billion and a P/E ratio of 67.50.
Consol Energy (NYSE:CNX) last announced its earnings results on Thursday, July 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.20. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 16.3% on a year-over-year basis. Analysts expect that Consol Energy will post $0.38 EPS for the current fiscal year.
CONSOL Energy Inc (NYSE:CNX) is a producer of coal and natural gas for global energy and raw material markets, which include the electric power generation industry and the steelmaking industry.
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