CNX Resources Corporation. (NYSE:CNX) Stock Has Consensus Target Price of $34.88 According to Analysts

Key Points

• CNX Resources has a consensus “Reduce” rating from 12 analysts, comprising three sell ratings and nine holds. The average 12-month price target is $34.88, below the stock’s reported price of $37.52.
• Analyst views remain cautious: Truist raised its target to $39 while maintaining a hold rating, Mizuho cut its target to $38, and Morgan Stanley set a $34 target with an underweight rating.
• CNX exceeded quarterly earnings and revenue estimates, reporting $1.32 in EPS and $618.48 million in revenue, although revenue declined 35.7% year over year. Institutional investors own approximately 95.16% of the company’s shares.

Shares of CNX Resources Corporation. (NYSE:CNX - Get Free Report) have earned a consensus rating of "Reduce" from the twelve brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $34.88.

A number of equities analysts have commented on the stock. Truist Financial boosted their target price on shares of CNX Resources from $34.00 to $39.00 and gave the stock a "hold" rating in a report on Thursday. Mizuho dropped their target price on CNX Resources from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, October 15th. Weiss Ratings reiterated a "hold (c+)" rating on shares of CNX Resources in a research note on Monday, October 26th. Morgan Stanley raised their price objective on CNX Resources from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, October 15th. Finally, Benchmark reaffirmed a "hold" rating on shares of CNX Resources in a report on Thursday.

CNX Resources Price Performance

NYSE CNX opened at $37.52 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.08. The firm's 50 day moving average price is $35.06 and its 200-day moving average price is $36.39. CNX Resources has a 52-week low of $30.77 and a 52-week high of $43.62. The company has a market cap of $5.55 billion, a PE ratio of 6.36 and a beta of 0.69.

CNX Resources (NYSE:CNX - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.72. CNX Resources had a return on equity of 10.13% and a net margin of 35.16%. The firm had revenue of $618.48 million during the quarter, compared to analysts' expectations of $475.16 million. During the same period in the prior year, the business posted $2.43 EPS. The firm's quarterly revenue was down 35.7% on a year-over-year basis. Sell-side analysts forecast that CNX Resources will post 3.09 EPS for the current fiscal year.

Hedge Funds Weigh In On CNX Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in CNX Resources during the 2nd quarter worth $650,689,000. Dimensional Fund Advisors LP boosted its stake in CNX Resources by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,774,069 shares of the oil and gas producer's stock valued at $338,260,000 after acquiring an additional 28,851 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in CNX Resources by 6,057.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,838,852 shares of the oil and gas producer's stock valued at $147,988,000 after acquiring an additional 3,776,511 shares in the last quarter. Bank of America Corp DE acquired a new position in CNX Resources in the second quarter valued at $87,949,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of CNX Resources in the 2nd quarter valued at about $41,432,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Trending Headlines about CNX Resources

Here are the key news stories impacting CNX Resources this week:

• Positive Sentiment: Truist raised its price target to $39, signaling improved confidence in CNX’s outlook and valuation. CNX Resources price target raised to $39 at Truist Securities
• Positive Sentiment: CNX raised its 2026 free-cash-flow outlook to approximately $550 million and highlighted 27 consecutive quarters of positive cash flow, supporting the company’s capital-return and balance-sheet story. CNX Resources Q3 2026 earnings and free cash flow
• Positive Sentiment: Several earnings reports cited adjusted third-quarter EPS of about $1.12 versus a roughly $0.66 FactSet estimate, suggesting strong cost control and operating efficiency despite commodity-price pressure. CNX Q3 EPS earnings flash
• Neutral Sentiment: Management plans to remain in “maintenance production mode” in 2027 while targeting capital efficiency of $0.85–$0.90, prioritizing returns and cash generation over production growth. CNX capital efficiency and 2027 production outlook
• Negative Sentiment: Lower natural-gas prices and reduced production weighed on results. Some reports showed EPS of $0.61 versus a $0.65–$0.66 estimate and revenue of $425 million versus expectations near $475 million, highlighting continuing commodity and volume headwinds. CNX Q3 earnings and production pressures

CNX Resources Company Profile

CNX Resources Corporation NYSE: CNX is an independent natural gas exploration and production company focused on the Appalachian Basin. The company develops and produces natural gas from unconventional shale formations, with its operations concentrated in the Marcellus and Utica shale areas.

CNX's activities include leasing, drilling, completing and operating natural gas wells, as well as managing related gathering and infrastructure arrangements used to transport production to market.

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