Shares of CONSOL Energy (CNX) Sees Large Inflow of Net Money Flow

CONSOL Energy (CNX) : $9.33 million worth of transactions were on upticks in CONSOL Energy (CNX), compared to $6.58 million on downticks. The ratio between the two was 1.42, whereas, the net money flow stood at a healthy $2.76 million on Mondays session.The block trades show a bullish bias with only $0.59 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $4.45million worth of trades. The up-down ratio between the uptick and downtick was 7.54, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $3.86 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -1.22%. The stock was trading at $16.98, with a drop of $0.21 over the previous days close. The stock recorded 4.56% for the week.


CONSOL Energy Inc. is up 31.35% in the last 3-month period. Year-to-Date the stock performance stands at 115.11%. Shares of CONSOL Energy Inc. rose by 3.67% in the last five trading days and 25.7% for the last 4 weeks. 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 (NYSE:CNX): On Mondays trading session , Opening price of the stock was $16.96 with an intraday high of $17.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.86. However, the stock managed to close at $16.97, a loss of 1.28% for the day. On the previous day, the stock had closed at $17.19. The total traded volume of the day was 3,866,694 shares.

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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.