CONSOL Energy Inc. (NYSE:CNX) saw some unusual options trading activity on Wednesday. Investors bought 21,317 put options on the stock. This represents an increase of Infinity compared to the typical daily volume of 0 put options.

Shares of CONSOL Energy (NYSE CNX) opened at $16.27 on Friday. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 86.84 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.94 and a quick ratio of 0.94.

CONSOL Energy (NYSE:CNX) last posted its quarterly earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.14). The company had revenue of $671.30 million during the quarter, compared to analysts’ expectations of $623.00 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 7.49%. The company’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS. research analysts anticipate that CONSOL Energy will post 0.44 EPS for the current fiscal year.

CONSOL Energy declared that its board has approved a share repurchase plan on Tuesday, September 5th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the oil and gas producer to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capstone Asset Management Co. increased its position in CONSOL Energy by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 17,473 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 300 shares during the period. Utah Retirement Systems increased its position in CONSOL Energy by 0.7% during the 2nd quarter. Utah Retirement Systems now owns 41,671 shares of the oil and gas producer’s stock valued at $623,000 after purchasing an additional 300 shares during the period. Teacher Retirement System of Texas increased its position in CONSOL Energy by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,921 shares of the oil and gas producer’s stock valued at $223,000 after purchasing an additional 577 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CONSOL Energy by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock valued at $114,000 after purchasing an additional 631 shares during the period. Finally, Suntrust Banks Inc. increased its position in CONSOL Energy by 3.0% during the 2nd quarter. Suntrust Banks Inc. now owns 28,310 shares of the oil and gas producer’s stock valued at $422,000 after purchasing an additional 831 shares during the period. 99.84% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on CNX. Stifel Nicolaus reiterated a “buy” rating and issued a $26.00 price target on shares of CONSOL Energy in a research note on Friday, July 14th. Zacks Investment Research lowered shares of CONSOL Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price target on shares of CONSOL Energy in a research note on Tuesday, October 10th. Scotiabank set a $22.00 price target on shares of CONSOL Energy and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Finally, Susquehanna Bancshares Inc increased their price target on shares of CONSOL Energy from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.97.

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CONSOL Energy Company Profile

CONSOL Energy Inc (CONSOL Energy) is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.

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