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BP, Consol Energy: Ratings Changes

BP and Consol Energy had their ratings changed at TheStreet.
Author:

BOSTON (TheStreet) -- BP (BP) - Get Report and Consol Energy (CNX) - Get Report had their ratings changed by TheStreet's stock model, which rates equities based on fundamentals and performance.

The model downgraded coal producer Consol Energy to "hold."

Quarter

: First-quarter profit tumbled 49% to $100 million, or 54 cents a share, as revenue inched up 2%. The operating margin fell from 23% to 16%. Consol has $1.9 billion of cash and $1.1 billion of debt, converting to a debt-to-equity ratio of 0.3.

Stock

: Consol has fallen 9% during the past year, underperforming U.S. stock indices. It trades at a price-to-projected-earnings ratio of 9.1, a 28% discount to its peer average. The shares are also cheap based on book value and sales.

Consensus

: Of analysts covering Consol, 16, or 67%, advise purchasing its shares, seven recommend holding and one suggests selling them.

UBS

(UBS) - Get Report

expects the stock to double to $70.

Barclays

(BCS) - Get Report

predicts that it will gain 65% to $60.

The model downgraded integrated oil and gas company BP to "hold."

Quarter

: First-quarter profit more than doubled to $6.1 billion, or $1.92, as revenue grew 54% to $73 billion. The operating margin rose from 7.6% to 11%. BP has $6.8 billion of cash and $32 billion of debt, translating to a debt-to-equity ratio of 0.3.

Stock

TheStreet Recommends

: BP has tumbled 25% during the past 12 months, lagging behind U.S. benchmarks. It sells for a price-to-projected-earnings ratio of 5.3 and a price-to-book ratio of 1.1, 58% and 60% discounts to peer averages. It's also cheap based on sales.

Consensus

: Of researchers following BP, 10, or 71%, rate its stock "buy" and four rate it "hold."

Goldman Sachs

(GS) - Get Report

forecasts that the stock will advance 81% to $69.

Credit Suisse

(CS) - Get Report

offers a target of $49.04, leaving 28% of potential upside.

-- Reported by Jake Lynch in Boston.

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