
CNX Resources (CNX) Stock Forecast & Price Target
CNX Resources (CNX) Analyst Ratings
Bulls say
CNX Resources is a low carbon intensity natural gas development company with a strong focus on the Appalachian Basin. With a diverse portfolio of assets, including unconventional shale formations and Coalbed Methane properties, and a successful New Tech business, the company is well positioned to benefit from the increasing demand for natural gas. CNX has a strong track record of generating free cash flow, which has been used to retire shares and pay down debt, making it an attractive investment opportunity. Its current valuation, with an EV/EBITDAX of 4.8x and FCF yield of 6.8%, is lower than its peers, providing potential upside for investors.
Bears say
CNX Resources is well-positioned to remain competitive in the natural gas industry, with a strong focus on technology and cost efficiency through initiatives like their ZeroHP CNG facility and integrated midstream capabilities. However, as a company heavily reliant on commodity pricing and subject to geopolitical influences, CNX's profitability and outlook may be subject to sudden changes. Additionally, while COO Mr. Behl's experience in engineering and operations at various oil and gas companies may bring valuable expertise, his past ventures do not provide a strong track record of success.
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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