CONSOL Energy (CNX) : Traders are bullish on CONSOL Energy (CNX) as it has outperformed the S&P 500 by a wide margin of 2.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.37%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.33% in the last 1 week, and is up 2.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
CONSOL Energy Inc. is up 32.57% in the last 3-month period. Year-to-Date the stock performance stands at 121.32%. The stock has recorded a 20-day Moving Average of 4.64% and the 50-Day Moving Average is 5.14%.
CONSOL Energy (NYSE:CNX): The stock opened at $18.10 on Friday but the bulls could not build on the opening and the stock topped out at $18.10 for the day. The stock traded down to $17.40 during the day, due to lack of any buying support eventually closed down at $17.46 with a loss of -4.80% for the day. The stock had closed at $18.34 on the previous day. The total traded volume was 4,776,232 shares.
Also, In the latest statement by the brokerage house, Bank of America upgrades its outlook on CONSOL Energy (NYSE:CNX). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on August 15, 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).