logo
Share SHARE
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

Editors Pick
Denver, Colorado based low-cost carrier Frontier Airlines will expand its services to 21 cities. The airline which serves 80 cities in the U.S., Mexico and the Dominican Republic is planning to add 85 new routes. Abbott Laboratories (ABT) reported a profit for the second-quarter 2017 declined about 54.1 percent from last year, hurt by higher costs. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. Abbott raised its full-year 2017 earnings per share guidance range. Consumer goods giant Unilever plc reported Thursday higher profit in its first half, with increased sales and margin. Looking ahead, the company said it is on track for another year of underlying sales growth ahead of markets.
comments powered by Disqus
Follow RTT