Notable Downgrades: Consol Energy (CNX), Schlumberger (SLB), Pernix Therapeutics (PTX), Peabody Energy (BTU), Alkermes plc (ALKS)

Analysts at BofA/Merrill (BAC) downgraded Consol Energy Inc. (CNX) from ‘Neutral‘ to ‘Underperform‘ in a research report issued to clients on Thursday.

On valuation measures, Consol Energy Inc. stock it’s trading at a forward P/E multiple of 22.70x, and at a multiple of 38.37x this year’s estimated earnings. The t-12-month revenue at Consol Energy is $3.50 billion. CNX ‘s ROE for the same period is 3.27%.

Shares of the $6.23 billion market cap company are down 26.09% year-over-year  and 14.94% year-to-date.

Consol Energy Inc., currently with a median Wall Street price target of $39.00 and a high target of $48.00, dropped $1.64 to $27.065 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Schlumberger Limited (SLB) was downgraded from ‘Outperform‘ to ‘Neutral‘ at Macquarie.

Shares have traded today between $80.82 and $81.64 with the price of the stock fluctuating between $75.60 to $118.76 over the last 52 weeks.

Schlumberger Ltd. shares are currently changing hands at 19.48x this year’s forecasted earnings, compared to the industry’s 14.49x earnings multiple. Ticker has a t-12 price/sales ratio of 2.13. EPS for the same period registers at $4.15.

Shares of SLB have lost $0.39 to $80.88 in mid-day trading on Thursday, giving it a market cap of roughly $103.15 billion. The stock traded as high as $118.76 in July 1, 2014.

Cantor Fitzgerald reported on Thursday that they have lowered their rating for Pernix Therapeutics Holdings, Inc. (PTX). The firm has downgraded PTX from ‘Buy‘ to ‘Hold‘ and lowered its price target to $11 from $12.

Pernix Therapeutics Holdings Inc. recently traded at $9.78, a loss of $1.84 over Wednesday’s closing price. The name has a current market capitalization of $375.42 million.

Peabody Energy Corp. (BTU) had its rating lowered from ‘Neutral‘ to ‘Underperform‘ by analysts at BofA/Merrill (BAC) on Thursday. The firm now sees shares as fairly valued at $5 from $7, versus $6.12 close. Currently there are 10 analysts that rate BTU a ‘Buy’, 3 analysts rate it a ‘Sell’, and 11 rate it a ‘Hold’.

BTU was down $0.33 at $5.79 in mid-day trade, moving within a 52-week range of $5.75 to $19.63. The name, valued at $1.59 billion, opened at $6.05.

On valuation measures, Peabody Energy Corp. shares have a trailing-12 price/sales ratio of 0.25. EPS for the same period registers at ($2.94).

As for passive income investors, the firm pays stockholders $0.01 per share annually in dividends, yielding 0.20%.

Alkermes plc (ALKS) was downgraded by Morgan Stanley (MS) from an ‘Equal-Weight‘ rating to ‘Underweight‘ rating in a research report issued to clients on Thursday.

ALKS closed at $67.12 on Wednesday and is currently trading down $0.62.

In the past 52 weeks, shares of Dublin, Ireland-based biopharmaceutical company have traded between a low of $38.49 and a high of $75.17 and are now trading at $66.50. Shares are up 45.16% year-over-year and 14.62% year-to-date.

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