Jefferies Maintains Buy Saying CONSOL Energy (CNX) Shares Have 'Discounted Valuation'

Jefferies maintains a Buy rating and $38.00 price target on CONSOL Energy (NYSE: CNX) favoring CNX shares for its "discounted valuation". With ongoing reconstruction and a rapid Utica assessment, Jefferies analyst Jonathan Wolff says the hidden value is in Utica.

Wolff commented, "CNX management continues to move forward with restructuring plans to create greater 'analytic' transparency around its E&P, coal (thermal and met) and midstream businesses (CONE). We favor CNX shares for its discounted valuation, the hidden value in its vast dry Utica position, which is currently under rapid assessment (appears less-known), and our highly constructive view of gas markets."

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 $29.54 yesterday.

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