Large Outflow of Money Witnessed in CONSOL Energy

CONSOL Energy (NYSE:CNX) traded on a positive note gaining 0.25 points or 1.87% to be valued at $13.63 per share. Intraday, the shares aggregated $8.23 million in upticks but saw an exodus of $9.55 million in downticks. The net money flow was calculated to be $(-1.32) million with the final up/down ratio coming in at 0.86. The share price has seen a change of -12.96% in value during the week. Block trade of up/down ratio of 0.22 was also registered with $0.41 million in upticks and $1.91 million in downticks. The net money flow for the block exchange was disappointing at $(-1.5) Million.


Currently the company Insiders own 1.5% of CONSOL Energy shares according to the proxy statements. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Consol Energy Inc, Thorndike William N Jr had purchased shares worth of $844,000 in a transaction dated on July 30, 2015. A total of 50,000 shares were purchased at a price of $16.88 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

CONSOL Energy (NYSE:CNX) : On Monday heightened volatility was witnessed in CONSOL Energy (NYSE:CNX) which led to swings in the share price. The stock opened for trading at $13.16 and hit $13.91 on the upside , eventually ending the session at $13.63, with a gain of 1.87% or 0.25 points. The heightened volatility saw the trading volume jump to 4,796,923 shares. The 52-week high of the share price is $25.748 and the company has a market cap of $3,126 million. The 52-week low of the share price is at $4.54 .

Many analysts have stated their opinion on the company shares. KLR Group initiates coverage on CONSOL Energy (NYSE:CNX). KLR Group has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $17 per share. The rating by the firm was issued on April 4, 2016.

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).

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