China Coal Energy (OTC:CCOZY) Stock, Quote.Headers.trade-ideas

China Coal Energy

China Coal Energy Co Ltd is a joint-stock company. The company is a large-scale energy enterprise integrating coal production and trade, coal chemical industry, power generation, and coal mining equipment manufacturing. Its segment includes Coal; Coalchemical products; Mining machinery; and Finance and Others. The company generates maximum revenue from the Coal segment.

CHINA COAL ENGY CO ADR by China Coal Energy Co., Ltd.

China Coal Energy Co Ltd

Coal is a traditional and reliable energy source that is expected to see strong demand in the near future, despite clean energy efforts. So, investors might add fundamentally strong coal stocks such as China Shenhua Energy Company (CSUAY), SunCoke Energy (SXC) and China Coal Energy Company (CCOZY) to their portfolio now. Read on... Coal is still a reliable, inexpensive, and sustainable energy source, especially in developing nations with limited access to alternative energy sources. Advances in clean coal technologies have lowered the environmental effect, making it a more sustainable option.
So, investors should check out fundamentally strong coal stocks, China Shenhua Energy Company Limited (<a href="https://stocknews.com/stock/CSUAY/">CSUAY</a>), SunCoke Energy, Inc. (<a href="https://stocknews.com/stock/SXC/">SXC</a>) and China Coal Energy Company Limited (<a href="https://stocknews.com/stock/CCOZY/">CCOZY</a>).
Before delving deeper into their fundamentals, let's discuss what's happening in the coal industry.
The coal market covers coal mining industries that use underground mining, strip mining, culm bank mining, and other surface mining methods. The coal mining industry also develops coal mine sites and enhances coal through cleaning, washing, screening, and sizing processes. The coal market is expected to grow to $2.10 trillion by 2031 at a <a href="https://www.prnewswire.com/news-releases/coal-market-to-worth-usd-2-1-trillion-growing-at-cagr-of-4-4-by-2031-transparency-market-research-report-inc-302008972.html#:~:text=WILMINGTON%2C%20Del.%2C%20Dec.,by%20the%20end%20of%202031.">CAGR of 4.4%</a>.
Coal usage is connected to economic growth since urbanization and industrialization drive up demand. Clean coal technologies, such as CCS, could improve environmental performance in coal-fired power plants.
Also, the metallurgical coal market is expected to increase at a <a href="https://finance.yahoo.com/news/metallurgical-coal-global-market-report-125300142.html">CAGR of 2.9%</a> to $17.03 billion by 2028. This growth can be attributed to the rising demand for steel production in various industries such as construction, automotive, and manufacturing. Additionally, the increasing infrastructure development projects across the globe are further driving the demand for metallurgical coal.
In light of these encouraging trends, let's look at the fundamentals of the three <a href="https://stocknews.com/category/coal/">Coal</a> stocks, beginning with number 3.
Stock #3: China Shenhua Energy Company Limited (<a href="https://stocknews.com/stock/CSUAY/">CSUAY</a>)
CSUAY, headquartered in Beijing, China, is involved in manufacturing and selling coal and power, as well as railway, port, and sea transportation and coal-to-olefins enterprises. It operates through six segments: Coal; Power Generation; Railway; Port; Shipping; and Coal Chemical.
CSUAY's trailing-12-month net income margin of 18.07% is 44.4% higher than the industry average of 12.51%. Its 11.68% trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp#:~:text=Levered%20free%20cash%20flow%20(LFCF)%20is%20the%20amount%20of%20money,before%20debt%20payments%20are%20made.">levered FCF</a> margin is 103.3% higher than the 5.74% industry average.
During the nine months ended September 30, 2023, CSUAY's revenue from goods and services marginally increased year-over-year to RMB 252.47 billion ($35.48 billion). Its profit for the period stood at RMB 61.09 billion ($8.58 billion), while earnings per share registered at RMB 2.64.
As of September 30, 2023, the company's total current liabilities amounted to RMB 94.43 billion ($13.27 billion), down from RMB 98.40 billion ($13.83 billion) as of December 31, 2022.
Street expects CSUAY's revenue to come in at $48.41 billion for the year ending December 2024. CSUAY's shares have gained 32.8% over past six months to close the last trading session at $15.34. The stock is currently trading above its 50-day and 200-day moving averages of $13.79 and $12.82, respectively, indicating an uptrend.
CSUAY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. It has an overall rating of A, equating to Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
CSUAY has an A grade for Momentum and a B for Stability and Quality. Within the A-rated <a href="https://stocknews.com/category/coal/">Coal</a> industry, it is ranked #3 out of 13 stocks. To see additional POWR Ratings for Growth, Value and Sentiment for CSUAY, <a href="https://stocknews.com/stock/CSUAY/">click here</a>.
Stock#2: SunCoke Energy, Inc. (<a href="https://stocknews.com/stock/SXC/">SXC</a>)
SXC is an autonomous Coke producer. It delivers metallurgical and thermal coal, extending its expertise to furnish adept handling and mixing services to a diverse clientele. The company operates through three segments: Domestic Coke; Brazil Coke; and Logistics.
SXC's trailing-12-month ROCE of 9.58% is 31.8% higher than the industry average of 7.27%. Its trailing-12-month ROTC of 6.80% is 24% higher than the industry average of 5.48%.
For the fourth quarter that ended December 31, 2023, SXC's revenues marginally increased year-over-year to $520.60 million. Its adjusted EBITDA grew 5.8% from the year-ago value to $62.30 million. Also, its net income for the quarter stood at $13.80 million, reflecting a 16.9% increase year-over-year. Moreover, its EPS was $0.16, up 14.3% from the prior-year quarter.
Analysts expect SXC's revenue to come in at $1.73 billion for the year ending December 2024. Its EPS is expected to grow 25.7% year-over-year to $0.86 for the same period. It surpassed EPS estimates in three of four trailing quarters.
The stock has gained 42.9% over the past nine months to close the last trading session at $11.02. The stock is currently trading above its 50-day and 200-day moving averages of $10.27 and $9.06, respectively, indicating an uptrend.
It's no surprise that SXC has an overall A rating, equating to a Strong Buy in our POWR Ratings system. It has an A grade for Momentum and a B for Value and Sentiment. It is ranked #2 in the same industry.
Beyond what is stated above, we've also rated SXC for Growth, Stability and Quality. Get all SXC ratings <a href="https://stocknews.com/stock/SXC/">here</a>.
Stock #1: China Coal Energy Company Limited (<a href="https://stocknews.com/stock/CCOZY/">CCOZY</a>)
Based in Beijing, the People's Republic of China, CCOZY primarily engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally.
CCOZY's trailing-12-month levered FCF margin of 8.22% is 43.17% higher than the 5.74% industry average. Its trailing-12-month asset turnover ratio of 0.58x is 6.6% higher than the 0.55x industry average.
During the third quarter ended, CCOZY's operational revenue came in at RMB 46.85 billion ($6.58 billion). Its net profit for the period stood at RMB 4.85 billion ($681.93 million), while earnings per share registered at RMB 0.37.
CCOZY's current assets came in at RMB127.34 billion ($17.89 billion) for the period that ended June 30, 2023, compared to RMB123.91 million ($17.41 billion) for the period that ended December 31, 2022.
Also, its total assets came in at RMB346.55 billion ($48.70 billion), compared to RMB339.73 billion ($47.74 billion) for the same period the prior year.
The consensus revenue estimate of $29.42 billion for the year ending December 2024 reflects a marginal increase year-over-year. The stock has gained 28.7% over past year to close the last trading session at $21.42. The stock is currently trading above its 50-day and 200-day moving averages of $16.36 and $5.31, respectively, indicating an uptrend.
CCOZY has an overall A rating, equating to a Strong Buy in our POWR Ratings system.
CCOZY's is ranked first in the same industry. It has an A grade for Value and Momentum and a B for Growth and Stability. To see additional CCOZY's ratings for Sentiment and Quality, <a href="https://stocknews.com/stock/CCOZY/">click here</a>.
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CSUAY shares were trading at $15.25 per share on Thursday afternoon, down $0.33 (-2.09%). Year-to-date, CSUAY has gained 11.48%, versus a 4.71% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/csuay-ccozy-sxc-top-3-coal-stocks-with-bullish-momentum/>Top 3 Coal Stocks With Bullish Momentum</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 Coal Stocks With Bullish Momentum

Despite heightened environmental concerns, the coal industry is experiencing steady growth due to new capacities coming online and the growing demand for cheap and reliable power. Amid this backdrop, investors could consider buying quality coal stocks CONSOL Energy (CEIX), China Coal Energy (CCOZY), SunCoke Energy (SXC), and China Shenhua Energy (CSUAY), given their strong momentum. Read on... Despite the rising focus on nonrenewable energy substitutes, there has been an escalating demand for coal due to its affordability. Moreover, growing plant capacities have solidified the sector's growth prospects.
Given this backdrop, investors could consider buying fundamentally strong coal stocks such as CONSOL Energy Inc. (<a href="https://stocknews.com/stock/CEIX/">CEIX</a>), China Coal Energy Company Limited (<a href="https://stocknews.com/stock/CCOZY/">CCOZY</a>), SunCoke Energy, Inc. (<a href="https://stocknews.com/stock/SXC/">SXC</a>), and China Shenhua Energy Company Limited (<a href="https://stocknews.com/stock/CSUAY/">CSUAY</a>), given their solid momentum.
Several countries have embarked on extensive climate change strategies to reduce coal consumption in the coming years. However, the ongoing power shortages and the slow growth, in addition to renewable energy capacities, make coal vital for power generation and industrial usage in several countries.
Worldwide electricity generation from coal hit record highs, and <a href="https://www.reuters.com/markets/commodities/global-coal-exports-power-generation-hit-new-highs-2023-2024-01-18/">thermal coal exports surpassed 1 billion metric tons</a> for the first time last year. Meanwhile, global operating coal capacity grew by 2% in 2023, with China driving two-thirds of new additions. China saw new plants amounting to <a href="https://globalenergymonitor.org/report/boom-and-bust-coal-2024/">47.4 GW</a> come online last year.
The ongoing measures to reduce dependence on fossil fuels are expected to bring a steady and drawn-out decline in coal consumption in the foreseeable future. However, this transition has been slow due to ever-rising power demand and cost overruns in renewable energy projects.
To comply with the ongoing measures and strategies to reduce greenhouse gases, carbon capture, and storage technology methods are being adopted to reduce emissions, thus helping keep coal in demand beyond 2030. The global coal mining market is anticipated to reach $795.76 billion by 2032, growing at a <a href="https://www.expertmarketresearch.com/reports/coal-mining-market">2.6% CAGR</a>.
Considering these conducive trends, let's examine the fundamentals of the four featured <a href="https://stocknews.com/category/coal/">Coal</a> stocks, beginning with the fourth choice.
Stock #4: CONSOL Energy Inc. (<a href="https://stocknews.com/stock/CEIX/">CEIX</a>)
CEIX produces and sells bituminous coal in the U.S. and internationally. It operates through two segments: Pennsylvania Mining Complex (PAMC), and CONSOL Marine Terminal.
CEIX's trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">Return on Total Assets</a> of 19.68% is 244.5% higher than the industry average of 5.71%. Likewise, its trailing-12-month net income margin and levered FCF margin of 21.96% and 17.44% are 93.7% and 187.1% higher than the industry averages of 11.33% and 6.08%, respectively.
CEIX's total revenue and other income for the fiscal first quarter that ended March 31, 2024, stood at $565.04 million. Its adjusted EBITDA came in at $181.75 million. Moreover, its net income amounted to $101.89 million. Also, its earnings per share came to $3.39.
Analysts expect CEIX's revenue for fiscal 2025 to increase 2.9% year-over-year to $2.19 billion. Its EPS for the quarter ending September 30, 2024, is expected to rise 10.2% year-over-year to $3.45. The company surpassed the Street revenue and EPS estimates in three of the trailing four quarters, which is impressive. Over the past year, the stock has gained 71.5% to close the last trading session at $98.01.
The stock is trading above its 50-day and 100-day moving averages of $86.08 and $87.90, respectively.
CEIX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive prospects. It has an overall B rating, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
CEIX has an A grade for Momentum and Quality and a B for Value. Within the B-rated <a href="https://stocknews.com/category/coal/">Coal</a> industry, it is ranked #5 out of 13 stocks. <a href="https://stocknews.com/stock/CEIX/">Click here</a> for the additional POWR Ratings of CEIX (Growth, Stability, and Sentiment).
Stock #3: China Coal Energy Company Limited (<a href="https://stocknews.com/stock/CCOZY/">CCOZY</a>)
Headquartered in Beijing, the People's Republic of China, CCOZY engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally.
CCOZY's trailing-12-month asset turnover ratio of 0.51x is 1.6% higher than the industry average of 0.50x. Similarly, its trailing-12-month levered FCF margin of 8.24% is 35.7% higher than the industry average of 6.08%.
For the fiscal first quarter that ended March 31, 2024, CCOZY's operational revenue stood at RMB45.39 billion ($6.26 billion). For the same quarter, its net profit attributable to shareholders of the listed company and earnings per share came to RMB4.97 billion ($685.75 million) and RMB0.37, respectively.
As of March 31, 2024, CCOZY's total assets amounted to RMB351.79 billion ($48.54 billion), compared to RMB349.36 billion ($48.21 billion) as of December 31, 2023.
Street expects CCOZY's revenue for fiscal 2024 to increase 1.7% year-over-year to $27.26 billion. Over the past six months, the stock has gained 40.9%, closing the last trading session at $21.44.
The stock is trading above its 50-day and 100-day moving averages of $20.85 and $18.62, respectively.
CCOZY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to Buy in our proprietary rating system.
It has an A grade for Value and Momentum and a B for Stability. It is ranked #3 in the same industry. Get CCOZY's Growth, Sentiment, and Quality ratings <a href="https://stocknews.com/stock/CCOZY/">here</a>.
Stock #2: SunCoke Energy, Inc. (<a href="https://stocknews.com/stock/SXC/">SXC</a>)
SXC operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics.
SXC's trailing-12-month asset turnover ratio of 1.24x is 81.9% higher than the industry average of 0.68x. Its trailing-12-month Return on Common Equity and Return on Total Capital of 10.06% and 6.93% are 72.4% and 44.5% higher than the industry averages of 5.84% and 4.80%, respectively.
SXC's revenues for the first quarter that ended March 31, 2024, stood at $488.40 million, up marginally year-over-year. Its operating income grew 8.8% over the prior-year quarter to $34.50 million. In addition, its net income attributable to SXC and earnings attributable to SXC per common share increased 22.7% and 21.1% from the year-ago quarter to $20 million and $0.23, respectively.
For the quarter ending September 30, 2024, SXC's EPS is expected to increase 162.5% year-over-year to $0.21. It surpassed consensus revenue estimates in each of the trailing four quarters. The stock has gained 46.3% over the past year to close the last trading session at $10.52.
The stock is trading above its 200-day moving average of $10.12.
SXC's POWR Ratings reflect this promising outlook. It has an overall rating of B, equating to Buy in our proprietary rating system.
SXC has an A grade for Momentum and a B for Value. It is ranked #2 in the Coal industry. <a href="https://stocknews.com/stock/SXC/">Click here</a> to see the additional POWR Ratings of SXC for Growth, Stability, Sentiment, and Quality.
Stock #1: China Shenhua Energy Company Limited (<a href="https://stocknews.com/stock/CSUAY/">CSUAY</a>)
Headquartered in Beijing, the People's Republic of China, CSUAY produces and sells coal and power, railway, port, and shipping transportation, and coal-to-olefins businesses in the People's Republic of China and internationally. It operates through six segments: Coal, Power Generation, Railway, Port, Shipping, and Coal Chemical.
On May 28, 2024, CSUAY unveiled its first domestic intelligent heavy-haul electric locomotive, developed in partnership with Shuohuang Railway and CRRC Zhuzhou Locomotive Co., Ltd. This milestone in Zhuzhou City marks a significant technological breakthrough, transforming traditional heavy-haul locomotives into smart machines.
CSUAY's trailing-12-month Return on Total Capital of 10.22% is 31.9% higher than the industry average of 7.75%. Likewise, its trailing-12-month EBIT margin and levered FCF margin of 25.68% and 11.78% are 34.4% and 93.8% higher than the industry averages of 19.10% and 6.08%, respectively.
For the fiscal first quarter that ended March 31, 2024, CSUAY's revenue increased marginally year-over-year to RMB87.65 billion ($12.09 billion). The company's gross profit stood at RMB27.18 billion ($3.75 billion). Its profit for the period attributable to equity holders of the company amounted to RMB17.76 billion ($2.45 billion). Furthermore, its earnings per share came in at RMB0.89.
Analysts expect CSUAY's revenue for the quarter ending September 30, 2024, to increase 1.3% year-over-year to $11.50 billion. CSUAY's stock has gained 66.9% over the past nine months to close the last trading session at $19.23.
The stock is trading above its 100-day and 200-day moving averages of $15.96 and $14.20, respectively.
CSUAY's robust prospects are reflected in its POWR Ratings. It has an overall A rating, equating to a Strong Buy in our proprietary rating system.
CSUAY has an A grade for Momentum and a B for Stability and Quality. It is ranked first in the same industry. Beyond what we stated above, we have also rated CSUAY for Growth, Value, and Sentiment. Get all the CSUAY ratings <a href="https://stocknews.com/stock/CSUAY/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
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CSUAY shares were trading at $19.42 per share on Wednesday morning, up $0.20 (+1.01%). Year-to-date, CSUAY has gained 41.96%, versus a 11.05% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/csuay-ccozy-ceix-sxc-top-coal-stocks-to-buy-for-momentum-in-2024/>Top Coal Stocks to Buy for Momentum in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top Coal Stocks to Buy for Momentum in 2024

Amid the evolving energy landscape, CONSOL Energy (CEIX) emerges as a potential frontrunner in the coal's resurgence. With solid financials, diversified operations, and a prominent market position, is CEIX a smart buy for investors seeking substantial gains? Read more to find out… Coal has long been a staple in the global energy mix due to its abundance and cost-effectiveness. In recent years, the energy sector has seen a renewed interest in coal, spurred by surging energy demand, geopolitical tensions, supply chain disruptions, and fluctuating gas prices. Reuters reported U.S. thermal coal exports hit 5-year highs and earned over <a href="https://www.reuters.com/markets/commodities/us-thermal-coal-exports-hit-5-year-highs-top-5-billion-2023-2024-02-01/">$5 billion in 2023</a>.
As the world grapples with balancing energy needs and environmental concerns, investors could consider buying shares of CONSOL Energy Inc. (<a href="https://stocknews.com/stock/CEIX/">CEIX</a>) that can capitalize on the coal resurgence. As a prominent producer of bituminous coal, CONSOL Energy operates through the Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal (CMT) segments.
During the <a href="http://investors.consolenergy.com/2024-05-07-CONSOL-Energy-Announces-Results-for-the-First-Quarter-2024">first quarter of 2024</a>, CEIX's PAMC segment produced 6.5 million tons of coal, which is impressive considering the company completed three longwell moves safely, efficiently, and timely in the quarter. In 2024, PAMC's contracted position is 22.9 million tons, and 13.5 million tons in 2025. The throughput volume at the CMT was 4.5 million tons.
Moreover, the Itmann Mining Complex continued to increase sales sequentially and finished the first quarter with sales of 193 thousand tons of Itmann and third-party coal, compared to 159 thousand tons during the fourth quarter of 2023. Also, Itmann Mining Complex improved its contracted position to 717 thousand tons in 2024.
The company also returned 89% of its first-quarter free cash flow to shareholders via share repurchases. During the first quarter, CEIX repurchased 440 thousand shares of its common stock for $36.90 million at an average price of $83.74 per share.
Jimmy Brock, CEO of CEIX, said, "During the first quarter of 2024, the CONSOL team delivered a very strong operational performance despite some timing related headwinds coming into the quarter."
Shares of CEIX have gained 1.9% over the past six months and 33.2% over the year to close the last trading session at $96.10.
Let's look at factors that could influence CEIX's performance in the upcoming months.
Robust Financials
For the first quarter that ended March 31, 2024, CEIX reported a total revenue of $565.04 million, beating the analysts' estimate of $516.85 million. The company sold 6.1 million tons of PAMC coal, generating coal revenue of $416.20 million for the PAMC segment. Its adjusted EBITDA came in at $181.75 million, and the company reported net income of $101.89 million.
Furthermore, the company's EPS was $3.39, compared to the consensus estimate of $2.54. Also, its cash inflows from operating activities were $77.50 million, and it posted a <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> of $41.30 million.
Optimistic Analyst Estimates
Analysts expect CEIX's EPS for the third quarter (ending September 2024) to grow 10.2% year-over-year to $3.45. Moreover, the company has topped consensus revenue estimates in three of the trailing four quarters, which is impressive.
For the fiscal year ending December 2025, Street expects CEIX's revenue and EPS to grow 3.5% and 19.3% from the previous year to $2.19 billion and $13.59, respectively.
Remarkable Historical Growth
Over the past three years, CEIX's revenue has grown at a CAGR of 36.5%. The company's net income and EPS have improved at impressive CAGRs of 233% and 220% over the same period, respectively. Further, the company's EBITDA has grown at a CAGR of 64.7% over the same timeframe.
Also, CEIX's levered free cash flow has grown at a CAGR of 70.1% over the past three years.
High Profitability
CEIX's trailing-12-month EBIT margin of 25.36% is 32.2% higher than the 19.19% industry average. Similarly, the stock's trailing-12-month EBITDA margin of 35.30% is 4.7% higher than the industry average of 33.72%. Also, its trailing-12-month net income margin of 21.96% is 91.5% higher than the industry average of 11.46%.
Moreover, the stock's trailing-12-month ROCE, ROTC, and ROTA of 39.51%, 23.92%, and 19.68% are favorably compared to the industry averages of 13.26%, 7.54%, and 5.60%, respectively. Its trailing-12-month levered FCF margin of 17.44% is 179.2% higher than the industry average of 6.25%.
Attractive Valuation
In terms of forward non-GAAP P/E, CEIX is trading at 8.53x, 28.9% lower than the industry average of 12x. Likewise, its forward Price/Cash Flow of 4.16x is 19% lower than the industry average of 5.13x. Also, the stock's forward EV/EBITDA multiple of 4.41 is 26.1% lower than the industry average of 5.97.
Moreover, the stock's forward EV/Sales multiple of 1.33 is 37.1% lower than the industry average of 2.11. Its forward Price/Sales of 1.35x is 9.3% lower than the industry average of 1.49x.
POWR Ratings Reflect Promise
CEIX's robust fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CEIX has an A grade for Quality, in sync with its higher profitability than its industry peers. It also has a B grade for Sentiment, in line with its favorable analyst estimates.
Further, CEIX has a B grade in Value, consistent with its lower-than-industry valuation.
Within the B-rated <a href="https://stocknews.com/category/coal/">Coal</a> industry, CEIX is ranked #4 out of 12 stocks.
Beyond what I have stated above, we have also given CEIX grades for Growth, Momentum, and Stability. Get all CEIX ratings <a href="https://stocknews.com/stock/CEIX/">here</a>.
Bottom Line
CEIX's financial performance was robust in the last reported quarter, surpassing analyst estimates for revenue and EPS. Its strategic focus on high-quality, low-cost coal production positions it to benefit from surging energy needs. In addition to efficient operations, Consol made significant strides in strengthening its balance sheet and enhancing shareholder value via share repurchases.
Considering its robust financials, low valuation, accelerating profitability, and optimistic growth outlook, CEIX could be an ideal buy for substantial gains.
How Does CONSOL Energy Inc. (CEIX) Stack Up Against Its Peers?
While CEIX has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/coal/">Coal</a> industry with B (Buy) ratings: SunCoke Energy, Inc. (<a href="https://stocknews.com/stock/SXC/">SXC</a>), Whitehaven Coal Ltd. (<a href="https://stocknews.com/stock/WHITF/">WHITF</a>), and China Coal Energy Co. Ltd. ADR (<a href="https://stocknews.com/stock/CCOZY/">CCOZY</a>).
To explore more A or B-rated coal stocks, <a href="https://stocknews.com/category/coal/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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CEIX shares were unchanged in premarket trading Friday. Year-to-date, CEIX has declined -4.41%, versus a 14.86% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/ceix-ccozy-sxc-whitf-is-consol-energy-a-smart-bet-on-coals-resurgence/>Is Consol Energy a Smart Bet on Coal's Resurgence?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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