Consol Energy (NYSE:CNX) PT Lowered on Natural Gas Revision

UBS (NYSE:UBS) lowered their price target on Consol Energy, (NYSE:CNX), citing revisions in the forecast concerning natural gas.

UBS said, "We are lowering our 2011-14 NYMEX natgas price forecast to $4.60/MMBtu, $5.00/MMBtu, $5.50/MMBtu, and $6.00/MMBtu, down from $5.00/MMBtu, $5.50/MMBtu, $6.00/MMBtu, and $6.50/MMBtu...Due to the NatGas forecast revision, we are lowering our 2010, 2011, & 2012 EPS estimates to $2.39, $3.47, and $5.35 from $2.47, $3.64, and $5.63, respectively."

UBS maintains a "Buy" rating on Consol Energy, which was trading at $44.06, up $0.05, or 0.11 percent, as of 11:50 AM EST. The price target on Consol was lowered by UBS from $67 to $65.