Morningstar Issues “BB+” Credit Rating to CONSOL Energy (CNX)
CONSOL Energy (NYSE:CNX) has received a “BB+” credit rating from Morningstar. The agency’s “BB+” rating suggests that the company is an above-average default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.
A number of other firms have also recently commented on CNX. Analysts at Stifel Nicolaus cut their price target on shares of CONSOL Energy from $51.00 to $50.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of CONSOL Energy from $55.00 to $50.00 in a research note on Friday, August 8th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CONSOL Energy in a research note on Thursday, July 31st. They now have a $42.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $48.44.
CONSOL Energy (NYSE:CNX) opened at 39.82 on Friday. CONSOL Energy has a 1-year low of $32.96 and a 1-year high of $48.30. The stock’s 50-day moving average is $40.00 and its 200-day moving average is $42.10. The company has a market cap of $9.165 billion and a price-to-earnings ratio of 12.09.
CONSOL Energy (NYSE:CNX) last announced its earnings results on Tuesday, July 29th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.36. The company had revenue of $937.37 million for the quarter, compared to the consensus estimate of $923.28 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts expect that CONSOL Energy will post $1.12 EPS for the current fiscal year.
CONSOL Energy Inc (NYSE:CNX) is a producer of coal and natural gas for global energy and raw material markets, which include the electric power generation industry and the steelmaking industry.
To view more credit ratings from Morningstar, visit www.morningstar.com.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.