Dahlman Rose Raises PT on CONSOL Energy (CNX); More Positive on Gas Operations
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Price: $31.96 +0.03%
Rating Summary:
14 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
14 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade CNX Now!
Dahlman Rose maintains a 'Buy' on CONSOL Energy (NYSE: CNX) price target of $38.00 (from $35.00).
Analyst, Daniel W. Scott, said, "We have become more positive on CNX’s Gas Operations with stabilization in the natural gas markets over the past few months and some impressive results surfacing in the Southern Utica in the Wet Gas and Oil windows. Near-term cash flows are somewhat weak, but recent wells from nearby Gulfport Energy (Nasdaq: GPOR)(Not Covered) give us a positive bias toward the 5-10 wells we expect to hear results on from CNX and Hess Corp (NYSE: HES) through the end of the year. We have also begun explicitly modeling the Utica in our NAV model and now are valuing the Gas Operations at roughly $3Bn, up from $2.1Bn previously."
For an analyst ratings summary and ratings history on CONSOL Energy click here. For more ratings news on CONSOL Energy click here.
Shares of CONSOL Energy closed at $29.17 yesterday, with a 52 week range of $26.41-$46.90.
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Analyst, Daniel W. Scott, said, "We have become more positive on CNX’s Gas Operations with stabilization in the natural gas markets over the past few months and some impressive results surfacing in the Southern Utica in the Wet Gas and Oil windows. Near-term cash flows are somewhat weak, but recent wells from nearby Gulfport Energy (Nasdaq: GPOR)(Not Covered) give us a positive bias toward the 5-10 wells we expect to hear results on from CNX and Hess Corp (NYSE: HES) through the end of the year. We have also begun explicitly modeling the Utica in our NAV model and now are valuing the Gas Operations at roughly $3Bn, up from $2.1Bn previously."
For an analyst ratings summary and ratings history on CONSOL Energy click here. For more ratings news on CONSOL Energy click here.
Shares of CONSOL Energy closed at $29.17 yesterday, with a 52 week range of $26.41-$46.90.
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