Deep Dive Into CNX Resources Stock: Analyst Perspectives (9 Ratings)

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Across the recent three months, 9 analysts have shared their insights on CNX Resources CNX, expressing a variety of opinions spanning from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 0 5 4 0
Last 30D 0 0 1 0 0
1M Ago 0 0 0 2 0
2M Ago 0 0 1 2 0
3M Ago 0 0 3 0 0

In the assessment of 12-month price targets, analysts unveil insights for CNX Resources, presenting an average target of $32.67, a high estimate of $38.00, and a low estimate of $23.00. This current average has increased by 3.71% from the previous average price target of $31.50.

price target chart

Understanding Analyst Ratings: A Comprehensive Breakdown

The standing of CNX Resources among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Gabe Daoud TD Cowen Announces Hold $27.00 -
Nitin Kumar Mizuho Lowers Underperform $34.00 $38.00
Nitin Kumar Mizuho Raises Underperform $38.00 $33.00
Mark Lear Piper Sandler Raises Underweight $23.00 $20.00
Neal Dingmann Truist Securities Raises Hold $35.00 $34.00
Zach Parham JP Morgan Raises Underweight $37.00 $31.00
Zach Parham JP Morgan Lowers Neutral $31.00 $32.00
Neal Dingmann Truist Securities Lowers Hold $34.00 $38.00
Mike Scialla Stephens & Co. Raises Equal-Weight $35.00 $26.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CNX Resources. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of CNX Resources compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of CNX Resources's stock. This examination reveals shifts in analysts' expectations over time.

Capture valuable insights into CNX Resources's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on CNX Resources analyst ratings.

About CNX Resources

CNX Resources Corp is an independent low carbon intensity natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.

Key Indicators: CNX Resources's Financial Health

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Revenue Growth: CNX Resources displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 10.75%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.

Net Margin: CNX Resources's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 19.55%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): CNX Resources's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.54%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): CNX Resources's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.76%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.56.

Analyst Ratings: What Are They?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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