CNX Stock Forecast – Quick Win: 30.19% in 1 Month

CNX Stock Forecast

On November 1st of 2015, The I Know First algorithm gave signal of 29.43 for the ticker CNX, which had a predictability indicator of 0.45. In accordance with the algorithm’s prediction, CNX spiked 30.19% in 1 month fromNovember 1st to December 1st.

CNX Stock Forecast

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).

On 23 November, CONSOL Energy Inc. (NYSE:CNX) announced that it has completed the scheduled semi-annual borrowing base redetermination under its revolving credit facility, resulting in the lending group reaffirming CONSOL’s $2 billion borrowing base.

CONSOL Energy Inc., together with its subsidiaries, operates as an integrated energy company in the United States and internationally. The company operates through two divisions, Exploration and Production (E&P), and Coal. The stock currently has a dividend yield of 0.6%. Currently there are 8 analysts that rate Consol Energy a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for Consol Energy has been 7.6 million shares per day over the past 30 days. Consol Energy has a market cap of $1.6 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.21 and a short float of 20.3% with 2.95 days to cover. Shares are down 80.3% year-to-date as of the close of trading on Friday.

Business Disclosure: I Know First Research is the analytic branch of I Know First, a financial startup company that specializes in quantitatively predicting the stock market. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article. Read More From I Know First Research :

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