NEW YORK (TheStreet) -- Shares of CONSOL Energy (CNX - Get Report) were rising 5.34% to $18.15 in late-afternoon trading on Monday as higher oil prices benefit the Canonsburg, PA-based oil and gas producer.
Crude oil (WTI) was up 3.08% to $45.86 per barrel while Brent crude was climbing 3.15% to $48.45 per barrel today.
Prices are rising on speculation that OPEC members will coordinate to limit production. Last week, Saudi Arabia Energy Minister Khalid indicated that his country, the biggest producer in OPEC, was open to a production cap, leading investors to believe other member countries will follow, the Wall Street Journal reports.
Additionally, U.S. oil and fuel stockpiles have retreated slightly between late May and early August, Raymond James Financial analysts said, according to the Journal.
"The market may have set itself up for a large crude price rally to come as funds will inevitably look to exit (bearish) positions," the analysts noted.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
Consol Energy's weaknesses include its very high debt management risk by most measures.
You can view the full analysis from the report here: CNX
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 article's author.