Goldman Sachs Downgrades Consol Energy (CNX)

Goldman Sachs Downgrades Consol Energy (CNX)

RSS

Goldman Sachs reported on Monday that they have lowered their rating for coal and natural gas producer, CONSOL Energy Inc.(CNX).

The firm has downgraded CNX from “Buy” to “Neutral,” and has raised the company’s price target from $34 to $36. This price target suggests a 16% increase from the stock’s current price of $30.19.

Analysts view the company as a better performer compared to other companies in the coal and natural gas industry. A strong balance sheet, diversification, and a decreased exposure to declines has helped CNX, but the firm sees greater upside to Cloud Peak Energy(CLD) and Peabody(BTU).

CONSOL Energy shares were down 45 cents, or -1.47% during premarket trading Monday. The stock has declined -9.7% in the past year.

The Bottom Line
Shares of CONSOL Energy Inc.(CNX) have a 1.63% yield, based on Friday’s closing price of $30.64.

CONSOL Energy Inc.(CNX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today