NEW YORK (TheStreet) -- CONSOL Energy (CNX - Get Report) stock is diving by 15.46% to $7.49 in late morning trading on Tuesday, following the release of the company's 2015 third quarter financial results.
The integrated energy company reported a loss of 28 cents per share, down from a loss of 1 cent per share for the year ago period.
Revenue declined to $813.9 million from $884.6 million in the 2014 third quarter.
Analysts had forecast for a loss of 5 cents per share on revenue of $723.1 million for the most recent quarter.
"Despite depressed commodity prices, CONSOL remains focused on achieving our free cash flow base plan over the next 15 months," CEO Nicholas J. DeIuliis said in a statement.
Separately, TheStreet Ratings team rates CONSOL ENERGY INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
We rate CONSOL ENERGY INC (CNX) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: CNXCNX data by YCharts