CONSOL Energy (CNX) : Bocage Capital added new position in CONSOL Energy during the most recent quarter end. The investment management firm now holds 571,068 shares of CONSOL Energy which is valued at $9,839,502 , the company said in a statement filed on Aug 15, 2016 with the SEC.CONSOL Energy makes up approximately 7.83% of Bocage Capital’s portfolio.
Other Hedge Funds, Including , Brigade Capital Management Lp added CNX to its portfolio by purchasing 500,000 company shares during the most recent quarter which is valued at $8,615,000. CONSOL Energy makes up approx 3.54% of Brigade Capital Management Lp’s portfolio.Teachers Advisors Inc boosted its stake in CNX in the latest quarter, The investment management firm added 3,730 additional shares and now holds a total of 219,404 shares of CONSOL Energy which is valued at $3,780,331. CONSOL Energy makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Wesbanco Bank Inc reduced its stake in CNX by selling 3,954 shares or 11.35% in the most recent quarter. The Hedge Fund company now holds 30,869 shares of CNX which is valued at $548,233. CONSOL Energy makes up approx 0.03% of Wesbanco Bank Inc’s portfolio.Advisors Asset Management reduced its stake in CNX by selling 9,964 shares or 7.92% in the most recent quarter. The Hedge Fund company now holds 115,923 shares of CNX which is valued at $2,058,792. CONSOL Energy makes up approx 0.03% of Advisors Asset Management’s portfolio. Cibc World Markets added CNX to its portfolio by purchasing 11,000 company shares during the most recent quarter which is valued at $187,440.
CONSOL Energy closed down -0.05 points or -0.27% at $18.19 with 22,99,508 shares getting traded on Thursday. Post opening the session at $18.19, the shares hit an intraday low of $17.96 and an intraday high of $18.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, CONSOL Energy reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $-0.19. The company had revenue of $285.80 million for the quarter, compared to analysts expectations of $565.66 million. The company’s revenue was down -47.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.
Many Wall Street Analysts have commented on CONSOL Energy. CONSOL Energy was Upgraded by BofA/Merrill to ” Neutral” on Aug 15, 2016. Company shares were Reiterated by Scotia Howard Weil on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .Company shares were Downgraded by KLR Group on Jul 18, 2016 to ” Accumulate”, Firm has raised the Price Target to $ 20 from a previous price target of $17 .
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 645792 million cubic feet per day (Mcfe per day).