Deutsche Bank Starts CONSOL Energy (CNX) at Buy; Favorable Costs, Modest Expectations and Attractive Valuation

January 17, 2012 8:02 AM EST
Get Alerts CNX Hot Sheet
Price: $35.72 +0.96%

Rating Summary:
    9 Buy, 17 Hold, 7 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on CONSOL Energy (NYSE: CNX) with a Buy. PT $50.00.

Deutsche analyst says, "We favor CNX because of its quality assets (low-vol met, gas), favorable cost structure, historical operating performance, natgas expansion, favorable priced/hedged position, less perceived downside to expectations (particularly given negative reaction to recent gas guidance), solid financial position and valuation. CNX shares are currently trading at a 30% discount to our SOTP valuation and 6x 2013 EV/EBITDA."

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 $34.33 yesterday.


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