Oil prices are declining after Kuwaiti Oil Minister Anas al-Saleh said the country would only agree to lower oil production if all major oil producers also agreed to the freeze, Reuters reports.
OPEC members are considering a freeze on oil production in order to boost prices.
"The market has run a little bit too far too fast," Frank Klumpp, oil analyst at Landesbank Baden-Wuerttemberg, told Reuters. "Expectations regarding production cuts are high, and so is the positioning of most traders and hedge funds. The potential for a surprise seems to be on the downside now."
Crude oil (WTI) is falling by 3.35% to $36.63 per barrel this morning and Brent crude is dropping by 2.62% to $39.77 per barrel this afternoon, according to the CNBC.com index.
CONSOL Energy is a Canonsburg, PA-based integrated energy company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself, generally high debt management risk, poor profit margins and feeble growth in its earnings per share.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CNXCNX data by YCharts