CONSOL Energy (CNX) : Traders are bullish on CONSOL Energy (CNX) as it has outperformed the S&P 500 by a wide margin of 15.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.29%, 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 5.85% in the last 1 week, and is up 20.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 10.59% and the 50-Day Moving Average is 15.52%.
CONSOL Energy (NYSE:CNX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.83 and $16.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.19, notching a gain of 2.57% for the day. The total traded volume was 3,228,794 . The stock had closed at $16.76 on the previous day.
The company Insiders own 1.5% of CONSOL Energy shares according to the proxy statements. In a related news, 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.
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).