The firm raised its price target to $9 from $8 and reiterated its "equal-weight" rating on the stock.
The company has "tightened up its moving pieces for the year - lower operating costs, reduced capital spending, hedged sales positions - which should reduce near-term uncertainty around liquidity and cash flows," analysts said.
Adding to this bullish sentiment, investors' short-term comfort with the stock should get better going forward, Barclays noted.
Also supporting shares were jumping oil prices as investors were optimistic about OPEC and non-OPEC members coming together next month in Qatar to discuss production limits.
Crude oil (WTI) is hiking by 4.73% to $40.28 per barrel and Brent crude is popping by 2.78% to $41.45 per barrel.
CONSOL Energy is a Canonsburg, PA-based integrated energy company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself, generally high debt management risk, poor profit margins and feeble growth in its earnings per share.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CNX