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Trade-Ideas: Consol Energy (CNX) Is Today's "Barbarian At The Gate" Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Consol Energy ( CNX) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Consol Energy as such a stock due to the following factors:

  • CNX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $50.0 million.
  • CNX has traded 1.1 million shares today.
  • CNX traded in a range 214.1% of the normal price range with a price range of $1.63.
  • CNX traded above its daily resistance level (quality: 6 days, meaning that the stock is crossing a resistance level set by the last 6 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock s movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in CNX with the Ticky from Trade-Ideas. See the FREE profile for CNX NOW at Trade-Ideas

More details on CNX:

CONSOL Energy Inc. produces coal and natural gas for energy and raw material markets in the United States, Canada, and western Europe. It operates in Coal and Gas divisions. The stock currently has a dividend yield of 1.6%. CNX has a PE ratio of 55.9. Currently there are 16 analysts that rate Consol Energy a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for Consol Energy has been 2.4 million shares per day over the past 30 days. Consol Energy has a market cap of $7.0 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 1.97 and a short float of 9.8% with 7.91 days to cover. Shares are down 4.2% year to date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Consol Energy as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

Highlights from the ratings report include:

  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 10.1%. Since the same quarter one year prior, revenues slightly dropped by 7.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • CNX's debt-to-equity ratio of 0.84 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Despite the fact that CNX's debt-to-equity ratio is mixed in its results, the company's quick ratio of 0.65 is low and demonstrates weak liquidity.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CONSOL ENERGY INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for CONSOL ENERGY INC is rather low; currently it is at 19.19%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -1.08% trails that of the industry average.

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