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.
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