
CNX Resources (CNX) Stock Forecast & Price Target
CNX Resources (CNX) Analyst Ratings
Bulls say
CNX Resources is a natural gas development and production company with core assets in the Marcellus and Utica shale formations, as well as Coalbed Methane properties in Virginia. The company's strong production levels and superior capital efficiency, along with its differentiated New Tech business, have led to impressive cash operating margins and well productivity, driving strong free cash flow generation and a superior return on capital. While the company may face M&A risks and has limited Tier 1 inventory, its strong hedging program and focus on low costs make it an attractive investment in the current weak gas market.
Bears say
CNX Resources is struggling in both its Shale and Coalbed Methane segments due to ongoing challenges in the Marcellus Shale and Utica Shale formations. While the company has a differentiated profile with its New Tech business, it has yet to materialize into significant opportunities and is expected to generate a relatively low NPV of $162MM. Moreover, the LNG/Power Demand Risk remains a concern for the company as natural gas prices could remain low and impact its development plans and cash flows. Additionally, the company's recent changes in management may also have a negative impact on its financial performance and overall direction.
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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