Consol Energy Inc (CNX): Today's Featured Metals & Mining Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Consol Energy ( CNX) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Consol Energy fell 90 cents (-2.8%) to $31.79 on light volume. Throughout the day, 1.8 million shares of Consol Energy exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in price between $31.47-$32.50 after having opened the day at $32.48 as compared to the previous trading day's close of $32.69. Other companies within the Metals & Mining industry that declined today were: Oxford Resource Partners ( OXF), down 10.7%, Tasman Metals ( TAS), down 9.8%, Ossen Innovation ( OSN), down 9.6%, and Entree Gold ( EGI), down 7.4%.
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CONSOL Energy Inc. produces coal and natural gas for energy and raw material markets. The company is involved in the mining, preparation, and marketing steam coal primarily to electric power generation industry; and metallurgical coal to steel and coke producers. Consol Energy has a market cap of $7.35 billion and is part of the basic materials sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are down 12% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Consol Energy a buy, two analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Consol Energy as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, China Shen Zhou Mining & Resources ( SHZ), up 17.2%, China Gengsheng Minerals ( CHGS), up 13.9%, Pacific Booker Minerals ( PBM), up 11%, and James River Coal Company ( JRCC), up 10%, were all gainers within the metals & mining industry with Kinross Gold Corporation ( KGC) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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