CONSOL upgraded at Goldman As previously reported, Goldman upgraded CONSOL to Buy from Neutral. The firm upgraded shares to reflect Marcellus and Utica production growth, strong free cash flow in coal and potential catalysts from the June 12 Analyst day. Price target raised to $55 from $49.
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CONSOL raises FY14 E&P production guidance to 225-235 Bcfe from 215-235 Bcfe CONSOL Energy recently raised its 2014 E&P production guidance range to 225 - 235 Bcfe from earlier guidance of 215 - 235 Bcfe. To achieve the mid-point of the new range, the company will need to produce approximately 60 Bcfe in Q3 and 70 Bcfe in Q4. The company has a record number of Marcellus Shale wells due to be tied into line in Q3.