CONSOL Energy (CNX): Price Target and June Short Interest Disclosure

CONSOL Energy (CNX) stock is expected to deviate a maximum of $5.5 from the average target price of $17.4 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $29 and the most muted being $7.

CONSOL Energy (CNX) has seen a shortfall of 1,047,111 shares or 2.8% in the short interest. The remaining shorts are 16.2% of the total floated shares. The net short interest, as on June 30,2016, stood at 36,937,313 shares and the stocks days to cover will be 7 by factoring in the average per day volume of 5,340,137 shares. On June 15,2016, 37,984,424 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, KLR Group initiates coverage on CONSOL Energy (NYSE:CNX). In the latest research report, KLR Group announces the target price to $17 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 4, 2016.


CONSOL Energy (NYSE:CNX): stock turned positive on Thursday. Though the stock opened at $17, the bulls momentum made the stock top out at $17.24 level for the day. The stock recorded a low of $16.71 and closed the trading day at $16.76, in the green by 0.30%. The total traded volume for the day was 2,945,084. The stock had closed at $16.71 in the previous days trading.

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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