CNX Resources (CNX) Stock Forecast, Price Target & Predictions
CNX Stock Forecast
CNX Resources stock forecast is as follows: an average price target of $20.00 (represents a -44.83% downside from CNX’s last price of $36.25) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
CNX Price Target
The average price target for CNX Resources (CNX) is $20.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $20.00. This represents a potential -44.83% downside from CNX's last price of $36.25.
CNX Analyst Ratings
According to 3 Wall Street analysts, CNX Resources's rating consensus is 'Hold'. The analyst rating breakdown for CNX stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (66.67%), 1 'Sell' (33.33%), and 0 'Strong Sell' (0.00%).
CNX Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 15, 2024 | Mark Lear | Piper Sandler | $20.00 | $26.35 | -24.10% | -44.83% |
| May 13, 2024 | Nitin Kumar | Mizuho Securities | $29.00 | $23.47 | 23.56% | -20.00% |
| Apr 11, 2024 | Nitin Kumar | Mizuho Securities | $25.00 | $24.62 | 1.54% | -31.03% |
| Jul 28, 2022 | Jane Trotsenko | Stifel Nicolaus | $31.00 | $17.59 | 76.21% | -14.48% |
| Jul 19, 2022 | Nitin Kumar | Wells Fargo | $27.00 | $17.93 | 50.54% | -25.52% |
| Apr 21, 2022 | Piper Sandler | $27.00 | $22.57 | 19.63% | -25.52% |
The latest CNX Resources stock forecast, released on Aug 15, 2024 by Mark Lear from Piper Sandler, set a price target of $20.00, which represents a -24.10% decrease from the stock price at the time of the forecast ($26.35), and a -44.83% decrease from CNX last price ($36.25).
CNX Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $24.67 |
| Last Closing Price | $36.25 | $36.25 | $36.25 |
| Upside/Downside | -100.00% | -100.00% | -31.94% |
In the current month, the average price target of CNX Resources stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to CNX Resources's last price of $36.25. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 04, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 20, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Aug 15, 2024 | Piper Sandler | Neutral | Underweight | Downgrade |
| Apr 19, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jan 05, 2024 | Bank of America Securities | Neutral | Upgrade |
CNX Resources's last stock rating was published by BMO Capital on Oct 04, 2024. The company gave CNX a "Market Perform" rating, the same as its previous rate.
CNX Resources Financial Forecast
CNX Resources Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $392.56M | $302.70M | $839.70M | $513.81M | $859.22M | $1.18B | $1.07B | $813.30M | $911.21M | $627.01M | $411.65M | $439.66M | $336.73M | $234.91M | $212.14M | $301.22M | $373.00M | $316.08M |
| Avg Forecast | $615.16M | $571.97M | $546.98M | $608.40M | $520.40M | $492.77M | $477.62M | $489.02M | $425.10M | $391.77M | $375.80M | $411.77M | $402.43M | $394.50M | $386.68M | $461.32M | $503.86M | $542.09M | $548.88M | $508.51M | $476.89M | $415.37M | $389.63M | $406.57M | $384.81M | $293.31M | $324.22M | $386.04M | $385.92M | $337.80M |
| High Forecast | $674.01M | $626.70M | $599.31M | $666.61M | $570.20M | $539.92M | $523.32M | $537.98M | $440.39M | $393.71M | $375.80M | $411.77M | $423.00M | $468.21M | $423.67M | $505.46M | $552.07M | $542.09M | $548.88M | $508.51M | $476.89M | $415.37M | $389.63M | $406.57M | $384.81M | $293.31M | $324.22M | $386.04M | $385.92M | $337.80M |
| Low Forecast | $557.70M | $518.55M | $495.89M | $551.58M | $471.80M | $446.75M | $433.01M | $433.26M | $405.32M | $389.83M | $375.80M | $411.77M | $368.09M | $325.67M | $350.56M | $418.23M | $456.80M | $542.09M | $548.88M | $508.51M | $476.89M | $415.37M | $389.63M | $406.57M | $384.81M | $293.31M | $324.22M | $386.04M | $385.92M | $337.80M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.77% | 2.17% | 1.11% | 1.71% | 2.18% | 1.95% | 1.60% | 1.91% | 1.51% | 1.06% | 1.08% | 0.88% | 0.80% | 0.65% | 0.78% | 0.97% | 0.94% |
CNX Resources's average Quarter revenue forecast for Mar 24 based on 4 analysts is $411.77M, with a low forecast of $411.77M, and a high forecast of $411.77M. CNX's average Quarter revenue forecast represents a 4.90% increase compared to the company's last Quarter revenue of $392.56M (Dec 23).
CNX Resources EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $201.57M | $113.16M | $775.22M | $297.26M | $624.79M | $966.19M | $853.54M | $610.19M | $693.20M | $448.71M | $247.68M | $264.43M | $157.53M | $67.69M | $58.38M | $116.79M | $156.33M | $134.51M |
| Avg Forecast | $203.46M | $189.18M | $180.91M | $201.23M | $172.12M | $162.98M | $157.97M | $161.74M | $140.60M | $129.58M | $124.29M | $-819.37M | $133.10M | $130.48M | $127.89M | $-744.88M | $166.65M | $306.60M | $310.44M | $-677.17M | $269.72M | $234.93M | $-363.51M | $229.94M | $217.64M | $165.89M | $183.37M | $-1.05B | $218.27M | $191.05M |
| High Forecast | $222.93M | $207.28M | $198.22M | $220.48M | $188.59M | $178.57M | $173.08M | $177.93M | $145.66M | $130.22M | $124.30M | $-655.50M | $139.90M | $154.86M | $140.13M | $-595.91M | $182.59M | $306.60M | $310.44M | $-541.73M | $269.72M | $234.93M | $-290.81M | $229.94M | $217.64M | $165.89M | $183.37M | $-838.72M | $218.27M | $191.05M |
| Low Forecast | $184.46M | $171.51M | $164.01M | $182.43M | $156.04M | $147.76M | $143.21M | $143.30M | $134.06M | $128.93M | $124.29M | $-983.24M | $121.74M | $107.71M | $115.95M | $-893.86M | $151.08M | $306.60M | $310.44M | $-812.60M | $269.72M | $234.93M | $-436.21M | $229.94M | $217.64M | $165.89M | $183.37M | $-1.26B | $218.27M | $191.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.51% | 0.87% | 6.06% | -0.40% | 3.75% | 3.15% | 2.75% | -0.90% | 2.57% | 1.91% | -0.68% | 1.15% | 0.72% | 0.41% | 0.32% | -0.11% | 0.72% | 0.70% |
4 analysts predict CNX's average Quarter EBITDA for Mar 24 to be $-819.37M, with a high of $-655.50M and a low of $-983.24M. This is -506.49% lower than CNX Resources's previous annual EBITDA (Dec 23) of $201.57M.
CNX Resources Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $513.99M | $21.38M | $474.95M | $710.39M | $1.17B | $-427.07M | $33.36M | $-922.94M | $630.31M | $-872.92M | $-354.06M | $98.03M | $195.76M | $-204.70M | $-145.75M | $-329.09M | $-240.06M | $115.54M |
| Avg Forecast | $150.84M | $126.10M | $127.32M | $157.80M | $99.81M | $87.47M | $81.94M | $97.47M | $77.00M | $58.20M | $51.77M | $-685.73M | $87.81M | $57.33M | $46.40M | $-623.39M | $1.02B | $109.86M | $121.74M | $-566.72M | $78.54M | $49.30M | $-453.20M | $43.31M | $22.74M | $421.96K | $5.93M | $-797.40M | $5.78M | $-6.57M |
| High Forecast | $169.60M | $141.79M | $143.16M | $177.43M | $112.23M | $98.35M | $92.14M | $119.13M | $154.00M | $58.46M | $51.77M | $-548.58M | $113.83M | $128.56M | $52.17M | $-498.71M | $1.22B | $109.86M | $121.74M | $-453.37M | $78.54M | $49.30M | $-362.56M | $43.31M | $22.74M | $421.96K | $5.93M | $-637.92M | $5.78M | $-6.57M |
| Low Forecast | $132.53M | $110.79M | $111.86M | $138.64M | $87.69M | $76.85M | $71.99M | $72.20M | $26.40M | $57.94M | $51.77M | $-822.87M | $52.04M | $26.06M | $40.76M | $-748.07M | $812.39M | $109.86M | $121.74M | $-680.06M | $78.54M | $49.30M | $-543.83M | $43.31M | $22.74M | $421.96K | $5.93M | $-956.88M | $5.78M | $-6.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 5.85% | 0.37% | 10.24% | -1.14% | 1.16% | -3.89% | 0.27% | 1.63% | 8.03% | -17.71% | 0.78% | 2.26% | 8.61% | -485.11% | -24.60% | 0.41% | -41.52% | -17.60% |
CNX Resources's average Quarter net income forecast for Mar 24 is $-685.73M, with a range of $-822.87M to $-548.58M. CNX's average Quarter net income forecast represents a -233.41% decrease compared to the company's last Quarter net income of $513.99M (Dec 23).
CNX Resources SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $29.54M | $29.21M | $30.02M | $36.58M | $31.96M | $27.72M | $30.45M | $31.56M | $35.91M | $24.85M | $23.68M | $28.32M | $33.02M | $22.71M | $23.42M | $30.24M | $34.53M | $24.31M |
| Avg Forecast | $43.99M | $40.90M | $39.11M | $43.50M | $37.21M | $35.24M | $34.15M | $34.97M | $30.40M | $28.01M | $26.87M | $23.45M | $28.78M | $28.21M | $27.65M | $21.32M | $57.85M | $38.51M | $38.99M | $19.38M | $33.88M | $29.51M | $30.31M | $28.88M | $27.34M | $20.84M | $23.03M | $120.79M | $27.42M | $24.00M |
| High Forecast | $48.20M | $44.81M | $42.85M | $47.67M | $40.77M | $38.61M | $37.42M | $38.47M | $31.49M | $28.15M | $26.87M | $28.14M | $30.25M | $33.48M | $30.30M | $25.58M | $69.42M | $38.51M | $38.99M | $23.25M | $33.88M | $29.51M | $36.37M | $28.88M | $27.34M | $20.84M | $23.03M | $144.95M | $27.42M | $24.00M |
| Low Forecast | $39.88M | $37.08M | $35.46M | $39.44M | $33.74M | $31.94M | $30.96M | $30.98M | $28.98M | $27.87M | $26.87M | $18.76M | $26.32M | $23.29M | $25.07M | $17.05M | $46.28M | $38.51M | $38.99M | $15.50M | $33.88M | $29.51M | $24.25M | $28.88M | $27.34M | $20.84M | $23.03M | $96.63M | $27.42M | $24.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.04% | 1.09% | 1.72% | 0.55% | 0.72% | 0.78% | 1.63% | 1.06% | 0.84% | 0.78% | 0.98% | 1.21% | 1.09% | 1.02% | 0.25% | 1.26% | 1.01% |
CNX Resources's average Quarter SG&A projection for Mar 24 is $23.45M, based on 4 Wall Street analysts, with a range of $18.76M to $28.14M. The forecast indicates a -20.62% fall compared to CNX last annual SG&A of $29.54M (Dec 23).
CNX Resources EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.13 | $2.89 | $4.22 | $6.64 | $-2.28 | $0.17 | $-4.62 | $3.02 | $-4.05 | $-1.61 | $0.45 | $0.88 | $-0.95 | $-0.70 | $-1.63 | $-1.28 | $0.62 |
| Avg Forecast | $0.84 | $0.70 | $0.71 | $0.88 | $0.56 | $0.49 | $0.46 | $0.54 | $0.43 | $0.32 | $0.29 | $0.36 | $0.49 | $0.32 | $0.26 | $0.46 | $0.59 | $0.72 | $0.80 | $0.60 | $0.51 | $0.32 | $0.24 | $0.28 | $0.15 | - | $0.04 | $0.14 | $0.04 | $-0.04 |
| High Forecast | $0.95 | $0.79 | $0.80 | $0.99 | $0.63 | $0.55 | $0.51 | $0.67 | $0.86 | $0.33 | $0.29 | $0.36 | $0.64 | $0.72 | $0.29 | $0.52 | $0.66 | $0.72 | $0.80 | $0.60 | $0.51 | $0.32 | $0.24 | $0.28 | $0.15 | - | $0.04 | $0.14 | $0.04 | $-0.04 |
| Low Forecast | $0.74 | $0.62 | $0.62 | $0.77 | $0.49 | $0.43 | $0.40 | $0.40 | $0.15 | $0.32 | $0.29 | $0.36 | $0.29 | $0.15 | $0.23 | $0.40 | $0.52 | $0.72 | $0.80 | $0.60 | $0.51 | $0.32 | $0.24 | $0.28 | $0.15 | - | $0.04 | $0.14 | $0.04 | $-0.04 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | 11.16% | 9.16% | 11.32% | -3.17% | 0.21% | -7.65% | 5.87% | -12.54% | -6.58% | 1.59% | 5.91% | -343.58% | -18.03% | -11.91% | -33.78% | -14.41% |
According to 5 Wall Street analysts, CNX Resources's projected average Quarter EPS for Dec 23 is $0.49, with a low estimate of $0.29 and a high estimate of $0.64. This represents a 277.12% increase compared to CNX previous annual EPS of $0.13 (Sep 23).
CNX Resources Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CIVI | Civitas Resources | $44.99 | $82.17 | 82.64% | Buy |
| GPRK | GeoPark | $10.30 | $17.00 | 65.05% | Buy |
| MUR | Murphy Oil | $29.28 | $47.60 | 62.57% | Buy |
| SM | SM Energy Company | $38.87 | $52.67 | 35.50% | Buy |
| MTDR | Matador Resources Company | $55.69 | $74.67 | 34.08% | Buy |
| CRC | California Resources | $53.26 | $66.50 | 24.86% | Buy |
| MGY | Magnolia Oil & Gas | $24.24 | $29.00 | 19.64% | Buy |
| AR | Antero Resources | $31.59 | $35.25 | 11.59% | Buy |
| RRC | Range Resources | $34.15 | $35.88 | 5.07% | Buy |
| GPOR | Gulfport Energy | $174.48 | $176.75 | 1.30% | Buy |
| CNX | CNX Resources | $36.54 | $20.00 | -45.27% | Hold |
| CRK | Comstock Resources | $16.09 | $8.67 | -46.12% | Hold |