Gabelli Reiterates Buy on Consol Energy

Gabelli is out with its report today on Consol Energy CNX, reiterating Buy. In a note to clients, Gabelli writes, "We reiterate our buy recommendation given Consol's unique position as a leading coal and gas producer. CNX is trading at a 28% discount to our 2011E PMV of $74 which gives the company a significant margin of safety." At the time of posting, shares of CNX were trading at $53.03, down 0.82% from Thursday's close.