
CNX Resources (CNX) Stock Forecast & Price Target
CNX Resources (CNX) Analyst Ratings
Bulls say
CNX Resources is a mid-size natural gas E&P company with a diversified portfolio of assets in the Marcellus and Utica Shales, as well as coalbed methane properties in Virginia. The company's New Tech business provides a differentiated profile, with a focus on utilizing Remediated Mine Gas (RMG), though this segment has yet to contribute material opportunities. Despite limited Tier 1 inventory, CNX has demonstrated peer-leading capital efficiency and strong cash operating margins, supported by their integrated midstream capabilities. However, there is potential downside risk from the uncertain demand for LNG and power, and the company's reliance on the Appalachia Basin, where natural gas prices could remain low. Overall, CNX's strong leadership and financial management make it an attractive investment opportunity with potential for long-term growth.
Bears say
CNX Resources is facing significant challenges in the near future due to softening prices for its alternative energy credits, decreased FCF generation, and decreasing gas productivity despite improvements in certain areas. Additionally, the company's reliance on commodity pricing and geopolitical factors makes its profitability and business outlook highly susceptible to sudden changes. The potential tax credit from using RMG as a feedstock may provide some relief, but it's unclear if it will fully offset the challenges the company is facing. Overall, these factors contribute to a negative outlook for CNX Resources's stock performance.
This aggregate rating is based on analysts' research of CNX Resources and is not a guaranteed prediction by Public.com or investment advice.
CNX Resources (CNX) Analyst Forecast & Price Prediction
Start investing in CNX Resources (CNX)
Order type
Buy in
Order amount
Est. shares
0 shares