January 25, 2023 - CONSOL Energy (CEIX) saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
CONSOL Energy is not currently near a proper buy point. Look for the stock to form and break out of a new chart pattern.
One weak spot is the company's 79 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q3, the company posted 0% EPS growth. Sales growth climbed 277%, up from 90% in the prior report. That marks two consecutive reports with rising growth. The company's next quarterly report is expected on or around Feb. 7.
CONSOL Energy earns the No. 6 rank among its peers in the Energy-Coal industry group. Alpha Metallurgical Rscs (AMR), Arch Resources (ARCH) and Peabody Energy (BTU) are among the top 5 highly-rated stocks within the group.