
CNX Resources (CNX) Stock Forecast & Price Target
CNX Resources (CNX) Analyst Ratings
Bulls say
CNX Resources is a top independent natural gas company with a strong focus on the Marcellus and Utica Shales in the Appalachian Basin. The company's New Tech business provides a unique advantage with its focus on remediated mine gas, while also showing superior capital efficiency with its top-ranked well productivity and cash operating margins. However, the company's reliance on Tier 2 plays and the need for additional Tier 1 inventory could be a potential concern for future growth. Despite this, CNX's strong financials and ability to generate FCF make it a solid investment option in the natural gas industry.
Bears say
CNX Resources is currently facing issues with their Clean mLNG system not being cost-effective and other alternatives must be pursued, leading to a possible negative impact on cash flows. Additionally, low natural gas prices and a lack of pipeline capacity could further hinder development plans and impact cash flows. With a Sell rating and a $35 price target, CNX Resources is trading at a higher valuation compared to its peers, which could be seen as a disadvantage.
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
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