FONT-SIZE Plus   Neg

CONSOL Energy Stock Price Up After Announcement On Structure Review

CONSOL Energy's (CNX) stock price went up by 3.75 percent on October 11, 2013 after its announcement of continuing to review its structure and to consider all options to unlock value.

The company said, "There can be no assurance that any particular option will be pursued. If and when there is something to announce, we will communicate with all stakeholders, including our shareholders, our employees and the communities involved".

Wall Street Journal reported that CONSOL Energy is exploring ways to significantly reduce its coal holdings and focus more on natural gas. Under consideration, citing people familiar with the matter, is splitting up its coal and gas assets, and having them traded separately.

Shares of CNX closed Friday at $38.17, up $1.38 or 3.75%, on the Nasdaq. The stock further gained to $0.07 or 0.18% in the after hours.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Daimler AG were losing around 3 percent in the morning trading, after the German auto giant trimmed its forecast for fiscal 2016 revenues and unit sales, while it backed adjusted EBIT view. Meanwhile, in the third quarter, the company recorded higher earnings and revenues, with increased sales volumes. German software developer SAP SE reported Friday lower profit in its third quarter due to higher stock-based compensation expense. However, revenues were higher. All regions posted improved results. Citing the strong cloud performance, the company said it is confident to deliver a strong fourth quarter, and also raised its full-year 2016 operating profit and revenue outlook. Shares of Ericsson were declining around 3 percent in the early morning trading after the Swedish telecom operator reported Friday a loss in its third quarter as net sales were hurt by weaker demand for mobile broadband, especially in markets with weak macro-economic environment.
comments powered by Disqus
Follow RTT