An issue of CONSOL Energy Inc. (NYSE:CNX) debt rose 2.8% as a percentage of its face value during trading on Friday following a weaker than expected earnings announcement, Market Beat Ratings reports. The high-yield debt issue has a 5.875% coupon and is set to mature on April 15, 2022. The debt is now trading at $65.25 and was trading at $62.00 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The firm earned $761.90 million during the quarter, compared to the consensus estimate of $717.26 million. During the same period in the previous year, the company posted $0.25 EPS.

Several analysts have recently commented on CNX shares. Deutsche Bank upgraded CONSOL Energy from a “sell” rating to a “hold” rating in a research note on Thursday, December 17th. Bank of America reduced their target price on CONSOL Energy from $13.00 to $9.00 and set an “underperform” rating for the company in a research note on Monday, October 26th. Susquehanna reduced their target price on CONSOL Energy from $8.50 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday. Vetr downgraded CONSOL Energy from a “hold” rating to a “sell” rating and set a $8.04 price target for the company. in a research note on Tuesday, December 1st. Finally, Barclays cut their price target on CONSOL Energy from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.98.

In other news, Director William N. Thorndike, Jr. acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, November 17th. The stock was bought at an average cost of $7.78 per share, for a total transaction of $233,400.00. Following the completion of the transaction, the director now owns 92,397 shares of the company’s stock, valued at $718,848.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Other hedge funds have recently bought and sold shares of the company. Janus Capital Management boosted its stake in CONSOL Energy by 139.2% in the third quarter. Janus Capital Management now owns 30,738 shares of the company’s stock valued at $301,000 after buying an additional 17,889 shares in the last quarter. Nisa Investment Advisors purchased a new position in CONSOL Energy during the fourth quarter valued at $302,000. Oregon Public Employees Retirement Fund boosted its position in CONSOL Energy by 6.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 48,424 shares of the company’s stock valued at $383,000 after buying an additional 3,000 shares during the last quarter. Nationwide Fund Advisors boosted its position in CONSOL Energy by 4.5% in the fourth quarter. Nationwide Fund Advisors now owns 70,401 shares of the company’s stock valued at $556,000 after buying an additional 3,053 shares during the last quarter. Finally, Capstone Asset Management Company boosted its position in CONSOL Energy by 795.7% in the fourth quarter. Capstone Asset Management Company now owns 121,115 shares of the company’s stock valued at $957,000 after buying an additional 107,593 shares during the last quarter.

The firm has a 50-day moving average of $7.03 and a 200-day moving average of $10.49. The stock’s market cap is $1.82 billion.

CONSOL Energy Inc. is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (NYSE:CNX), 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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