CNX Resources (CNX) Stock Forecast, Price Target & Predictions
CNX Stock Forecast
CNX Resources stock forecast is as follows: an average price target of $28.00 (represents a 0.65% upside from CNX’s last price of $27.82) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
CNX Price Target
The average price target for CNX Resources (CNX) is $28.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $34.00 to $20.00. This represents a potential 0.65% upside from CNX's last price of $27.82.
CNX Analyst Ratings
According to 4 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' (50.00%), 2 'Sell' (50.00%), 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 |
|---|---|---|---|---|---|---|
| Jan 23, 2025 | Leo Mariani | Roth Capital | $30.00 | $28.50 | 5.26% | 7.84% |
| Jan 14, 2025 | Nitin Kumar | Mizuho Securities | $34.00 | $30.49 | 11.51% | 22.21% |
| Aug 15, 2024 | Mark Lear | Piper Sandler | $20.00 | $26.35 | -24.10% | -28.11% |
| May 13, 2024 | Nitin Kumar | Mizuho Securities | $29.00 | $23.47 | 23.56% | 4.24% |
| Apr 11, 2024 | Nitin Kumar | Mizuho Securities | $25.00 | $24.62 | 1.54% | -10.14% |
| Jul 28, 2022 | Jane Trotsenko | Stifel Nicolaus | $31.00 | $17.59 | 76.21% | 11.43% |
| Jul 19, 2022 | Nitin Kumar | Wells Fargo | $27.00 | $17.93 | 50.54% | -2.95% |
| Apr 21, 2022 | Piper Sandler | $27.00 | $22.57 | 19.63% | -2.95% |
The latest CNX Resources stock forecast, released on Jan 23, 2025 by Leo Mariani from Roth Capital, set a price target of $30.00, which represents a 5.26% increase from the stock price at the time of the forecast ($28.50), and a 7.84% increase from CNX last price ($27.82).
CNX Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 5 |
| Avg Price Target | $32.00 | $32.00 | $27.60 |
| Last Closing Price | $27.82 | $27.82 | $27.82 |
| Upside/Downside | 15.03% | 15.03% | -0.79% |
In the current month, the average price target of CNX Resources stock is $32.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 15.03% increase as opposed to CNX Resources's last price of $27.82. This month's average price target is down 0.00% compared to last quarter, and up 15.94% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 10, 2025 | Morgan Stanley | Underweight | Initialise | |
| 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 Morgan Stanley on Jan 10, 2025. The company Initialise its CNX rating from "null" to "Underweight".
CNX Resources Financial Forecast
CNX Resources Revenue Forecast
| Sep 29 | Jun 29 | Mar 29 | Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $392.56M | $302.70M | $839.70M | $513.81M | $859.22M | $1.18B | $1.07B |
| Avg Forecast | $764.44M | $733.58M | $703.96M | $675.54M | $648.26M | $622.09M | $596.97M | $572.87M | $549.74M | $527.54M | $506.24M | $620.58M | $578.19M | $553.72M | $618.45M | $539.25M | $516.34M | $497.99M | $515.00M | $431.21M | $391.77M | $375.80M | $411.77M | $402.43M | $394.50M | $386.68M | $461.32M | $503.86M | $542.09M | $548.88M |
| High Forecast | $820.74M | $787.60M | $755.80M | $725.28M | $696.00M | $667.90M | $640.93M | $615.05M | $590.22M | $566.39M | $543.52M | $666.28M | $620.77M | $594.49M | $663.99M | $578.95M | $554.36M | $534.66M | $526.82M | $457.98M | $393.71M | $375.80M | $411.77M | $423.00M | $468.21M | $415.15M | $495.29M | $552.07M | $542.09M | $548.88M |
| Low Forecast | $721.79M | $692.65M | $664.68M | $637.85M | $612.09M | $587.38M | $563.66M | $540.90M | $519.06M | $498.11M | $478.00M | $585.95M | $545.93M | $522.82M | $583.95M | $509.16M | $487.53M | $470.21M | $497.39M | $366.60M | $389.83M | $375.80M | $411.77M | $368.09M | $325.67M | $365.10M | $435.58M | $456.80M | $542.09M | $548.88M |
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.77% | 2.17% | 1.11% | 1.71% | 2.18% | 1.95% |
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
| Sep 29 | Jun 29 | Mar 29 | Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $201.57M | $113.16M | $775.22M | $297.26M | $624.79M | $966.19M | $853.54M |
| Avg Forecast | $252.83M | $242.63M | $232.83M | $223.43M | $214.41M | $205.75M | $197.44M | $189.47M | $181.82M | $174.48M | $167.44M | $205.25M | $191.23M | $183.14M | $204.55M | $178.35M | $170.77M | $164.71M | $170.33M | $142.62M | $129.58M | $124.29M | $-819.37M | $133.10M | $130.48M | $127.89M | $-744.88M | $166.65M | $306.60M | $310.44M |
| High Forecast | $271.45M | $260.49M | $249.98M | $239.88M | $230.20M | $220.90M | $211.98M | $203.42M | $195.21M | $187.33M | $179.77M | $220.37M | $205.32M | $196.62M | $219.61M | $191.49M | $183.35M | $176.84M | $174.24M | $151.47M | $130.22M | $124.30M | $-655.50M | $139.90M | $154.86M | $137.31M | $-595.91M | $182.59M | $306.60M | $310.44M |
| Low Forecast | $238.73M | $229.09M | $219.84M | $210.96M | $202.45M | $194.27M | $186.43M | $178.90M | $171.68M | $164.75M | $158.09M | $193.80M | $180.56M | $172.92M | $193.14M | $168.40M | $161.25M | $155.52M | $164.51M | $121.25M | $128.93M | $124.29M | $-983.24M | $121.74M | $107.71M | $120.76M | $-893.86M | $151.08M | $306.60M | $310.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.51% | 0.87% | 6.06% | -0.40% | 3.75% | 3.15% | 2.75% |
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
| Sep 29 | Jun 29 | Mar 29 | Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $513.99M | $21.38M | $474.95M | $710.39M | $1.17B | $-427.07M | $33.36M |
| Avg Forecast | $96.94M | $88.86M | $202.74M | $148.02M | $99.80M | $92.35M | $203.92M | $123.86M | $106.50M | $115.19M | $177.95M | $142.68M | $122.49M | $124.90M | $156.26M | $108.80M | $97.55M | $90.85M | $108.59M | $74.13M | $58.20M | $51.77M | $-685.73M | $87.81M | $57.33M | $46.40M | $-623.39M | $1.02B | $109.86M | $121.74M |
| High Forecast | $106.22M | $97.36M | $222.15M | $162.19M | $109.36M | $101.19M | $223.44M | $135.71M | $116.70M | $126.21M | $194.98M | $156.34M | $134.22M | $136.86M | $171.22M | $119.21M | $106.89M | $99.55M | $152.41M | $129.30M | $58.46M | $51.77M | $-548.58M | $113.83M | $128.56M | $50.84M | $-498.71M | $1.22B | $109.86M | $121.74M |
| Low Forecast | $89.91M | $82.41M | $188.03M | $137.28M | $92.56M | $85.65M | $189.13M | $114.87M | $98.78M | $106.83M | $165.04M | $132.33M | $113.61M | $115.85M | $144.92M | $100.90M | $90.48M | $84.26M | $80.02M | $50.00M | $57.94M | $51.77M | $-822.87M | $52.04M | $26.06M | $43.03M | $-748.07M | $812.39M | $109.86M | $121.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.85% | 0.37% | 10.24% | -1.14% | 1.16% | -3.89% | 0.27% |
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
| Sep 29 | Jun 29 | Mar 29 | Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $29.54M | $29.21M | $30.02M | $36.58M | $31.96M | $27.72M | $30.45M |
| Avg Forecast | $54.66M | $52.45M | $50.34M | $48.30M | $46.35M | $44.48M | $42.69M | $40.96M | $39.31M | $37.72M | $36.20M | $44.37M | $41.34M | $39.59M | $44.22M | $38.56M | $36.92M | $35.61M | $36.83M | $30.83M | $28.01M | $26.87M | $23.45M | $28.78M | $28.21M | $27.65M | $21.32M | $57.85M | $38.51M | $38.99M |
| High Forecast | $58.69M | $56.32M | $54.04M | $51.86M | $49.77M | $47.76M | $45.83M | $43.98M | $42.20M | $40.50M | $38.86M | $47.64M | $44.39M | $42.51M | $47.48M | $41.40M | $39.64M | $38.23M | $37.67M | $32.75M | $28.15M | $26.87M | $28.14M | $30.25M | $33.48M | $29.69M | $25.58M | $69.42M | $38.51M | $38.99M |
| Low Forecast | $51.61M | $49.53M | $47.53M | $45.61M | $43.77M | $42.00M | $40.31M | $38.68M | $37.12M | $35.62M | $34.18M | $41.90M | $39.04M | $37.38M | $41.76M | $36.41M | $34.86M | $33.62M | $35.57M | $26.21M | $27.87M | $26.87M | $18.76M | $26.32M | $23.29M | $26.11M | $17.05M | $46.28M | $38.51M | $38.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.04% | 1.09% | 1.72% | 0.55% | 0.72% | 0.78% |
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
| Sep 29 | Jun 29 | Mar 29 | Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.13 | $2.89 | $4.22 | $6.64 | $-2.28 | $0.17 |
| Avg Forecast | $0.54 | $0.50 | $1.13 | $0.83 | $0.56 | $0.52 | $1.14 | $0.69 | $0.59 | $0.64 | $0.99 | $0.80 | $0.68 | $0.70 | $0.87 | $0.61 | $0.54 | $0.51 | $0.61 | $0.41 | $0.32 | $0.29 | $0.36 | $0.49 | $0.32 | $0.26 | $0.46 | $0.59 | $0.72 | $0.80 |
| High Forecast | $0.59 | $0.54 | $1.24 | $0.91 | $0.61 | $0.56 | $1.25 | $0.76 | $0.65 | $0.70 | $1.09 | $0.87 | $0.75 | $0.76 | $0.96 | $0.67 | $0.60 | $0.56 | $0.85 | $0.72 | $0.33 | $0.29 | $0.36 | $0.64 | $0.72 | $0.28 | $0.51 | $0.66 | $0.72 | $0.80 |
| Low Forecast | $0.50 | $0.46 | $1.05 | $0.77 | $0.52 | $0.48 | $1.06 | $0.64 | $0.55 | $0.60 | $0.92 | $0.74 | $0.63 | $0.65 | $0.81 | $0.56 | $0.51 | $0.47 | $0.45 | $0.28 | $0.32 | $0.29 | $0.36 | $0.29 | $0.15 | $0.24 | $0.43 | $0.52 | $0.72 | $0.80 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | 11.16% | 9.16% | 11.32% | -3.17% | 0.21% |
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 |
|---|---|---|---|---|---|
| GPRK | GeoPark | $9.32 | $17.00 | 82.40% | Buy |
| MUR | Murphy Oil | $29.18 | $44.00 | 50.79% | Buy |
| CIVI | Civitas Resources | $51.93 | $76.17 | 46.68% | Buy |
| SM | SM Energy | $40.05 | $54.00 | 34.83% | Buy |
| CRC | California Resources | $51.00 | $66.50 | 30.39% | Buy |
| MTDR | Matador Resources | $60.26 | $73.57 | 22.09% | Buy |
| MGY | Magnolia Oil & Gas | $24.80 | $29.00 | 16.94% | Buy |
| CNX | CNX Resources | $27.82 | $28.00 | 0.65% | Hold |
| AR | Antero Resources | $37.35 | $35.88 | -3.94% | Buy |
| RRC | Range Resources | $37.59 | $36.00 | -4.23% | Buy |
| GPOR | Gulfport Energy | $185.63 | $176.75 | -4.78% | Buy |
| CRK | Comstock Resources | $19.13 | $8.67 | -54.68% | Hold |