CONSOL Energy (NYSE:CNX) has climbed 6.88% in the past week and advanced 8.58% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.16% and the outperformance has advanced to 7.59% for the last 4 weeks period.
CONSOL Energy (NYSE:CNX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.70 and $13.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.30, notching a gain of 5.93% for the day. The total traded volume was 8,681,583 . The stock had closed at $13.50 on the previous day.
The company shares have dropped -39.81% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $24.28 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $14.46 and the 200 Day Moving Average price is recorded at $10.60.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Consol Energy Inc, Thorndike William N Jr, had purchased 50,000 shares in a transaction dated on July 30, 2015. The transaction was executed at $16.88 per share with total amount equaling $844,000.
Many analysts have stated their opinion on the company shares. KLR Group initiates coverage on CONSOL Energy (NYSE:CNX) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $17 per share. The rating by the firm was issued on April 4, 2016. Currently the company Insiders own 1.5% of CONSOL Energy shares according to the proxy statements.
CONSOL Energy Inc. is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (E&P), and coal mining. The E&P division is focused on natural gas and liquids activities, including production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin (Pennsylvania, West Virginia, Ohio, Virginia and Tennessee). The coal division is focused on the extraction and preparation of coal, in the Appalachian Basin. It holds two joint ventures, one with Noble Energy, Inc. in the Marcellus Shale and one with a subsidiary of Hess Corporation in the Utica Shale. Its gas operations include Marcellus Shale, Utica Shale, Coalbed Methane and Other Gas properties. Its coal mining division includes Pennsylvania (PA) operations coal segment, Virginia (VA) operations coal segment and other coal segment. As of December 31, 2014, the Company has a total production of 645,792 million cubic feet per day (Mcfe per day).