CNX Resources (CNX) Stock Forecast, Price Target & Predictions
CNX Stock Forecast
CNX Resources stock forecast is as follows: an average price target of $26.75 (represents a -2.16% downside from CNX’s last price of $27.34) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
CNX Price Target
The average price target for CNX Resources (CNX) is $26.75 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $31.00 to $20.00. This represents a potential -2.16% downside from CNX's last price of $27.34.
CNX Analyst Ratings
According to 2 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%), 1 'Hold' (50.00%), 1 '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 |
|---|---|---|---|---|---|---|
| Aug 15, 2024 | Mark Lear | Piper Sandler | $20.00 | $26.35 | -24.10% | -26.85% |
| May 13, 2024 | Nitin Kumar | Mizuho Securities | $29.00 | $23.47 | 23.56% | 6.07% |
| Apr 11, 2024 | Nitin Kumar | Mizuho Securities | $25.00 | $24.62 | 1.54% | -8.56% |
| Jul 28, 2022 | Jane Trotsenko | Stifel Nicolaus | $31.00 | $17.59 | 76.21% | 13.39% |
| Jul 19, 2022 | Nitin Kumar | Wells Fargo | $27.00 | $17.93 | 50.54% | -1.24% |
| Apr 21, 2022 | - | Piper Sandler | $27.00 | $22.57 | 19.63% | -1.24% |
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 -26.85% decrease from CNX last price ($27.34).
CNX Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $20.00 | $24.67 |
| Last Closing Price | $27.34 | $27.34 | $27.34 |
| Upside/Downside | -100.00% | -26.85% | -9.77% |
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 $27.34. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Scotiabank on Aug 20, 2024. The company gave CNX a "Underperform" 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 | $531.00M | $501.50M | $492.50M | $568.50M | $477.06M | $445.56M | $432.03M | $472.57M | $424.28M | $392.00M | $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 | $583.11M | $550.72M | $540.83M | $624.29M | $523.88M | $489.29M | $474.43M | $518.95M | $465.92M | $406.63M | $412.69M | $452.19M | $423.00M | $468.21M | $424.63M | $506.60M | $553.31M | $595.29M | $586.12M | $543.00M | $509.24M | $443.55M | $416.07M | $434.15M | $410.91M | $313.21M | $346.21M | $412.23M | $412.10M | $360.71M |
| Low Forecast | $478.21M | $451.64M | $443.53M | $511.98M | $429.63M | $401.26M | $389.08M | $425.59M | $382.10M | $355.43M | $338.44M | $370.84M | $368.09M | $325.67M | $348.23M | $415.46M | $453.77M | $488.20M | $495.99M | $459.51M | $430.93M | $375.35M | $352.09M | $367.39M | $347.73M | $265.05M | $292.98M | $348.84M | $348.73M | $305.25M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 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 $370.84M, and a high forecast of $452.19M. 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 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 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 | $300.32M | $283.64M | $278.55M | $321.53M | $269.81M | $252.00M | $244.35M | $267.27M | $239.97M | $221.70M | $212.55M | $-819.37M | $227.61M | $223.12M | $218.70M | $-744.88M | $284.97M | $-1.20B | $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 | $329.79M | $311.47M | $305.88M | $353.09M | $296.29M | $276.73M | $268.33M | $293.50M | $263.52M | $229.98M | $233.41M | $-655.50M | $239.24M | $264.81M | $240.16M | $-595.91M | $312.94M | $-957.82M | $331.50M | $-541.73M | $288.01M | $250.86M | $-290.81M | $245.54M | $232.40M | $177.15M | $195.81M | $-838.72M | $233.08M | $204.01M |
| Low Forecast | $270.46M | $255.44M | $250.85M | $289.56M | $242.99M | $226.94M | $220.05M | $240.70M | $216.11M | $201.02M | $191.41M | $-983.24M | $208.18M | $184.19M | $196.95M | $-893.86M | $256.64M | $-1.44B | $280.52M | $-812.60M | $243.73M | $212.29M | $-436.21M | $207.79M | $196.67M | $149.91M | $165.70M | $-1.26B | $197.24M | $172.64M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.51% | 3.54% | -0.40% | 2.19% | -0.81% | 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 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 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 | $102.09M | $86.25M | $93.10M | $129.44M | $80.81M | $66.07M | $61.03M | $83.33M | $64.66M | $49.22M | $44.11M | $-685.73M | $74.82M | $48.85M | $39.53M | $-623.39M | $89.49M | $-981.55M | $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 | $115.12M | $97.26M | $104.98M | $145.96M | $91.12M | $74.50M | $68.81M | $93.97M | $72.91M | $70.31M | $49.73M | $-548.58M | $96.98M | $109.54M | $44.58M | $-498.71M | $100.91M | $-785.24M | $132.48M | $-453.37M | $85.46M | $53.65M | $-362.56M | $47.13M | $24.75M | $459.17K | $6.45M | $-637.92M | $6.29M | $-5.74M |
| Low Forecast | $88.90M | $75.11M | $81.07M | $112.71M | $70.37M | $57.53M | $53.14M | $72.56M | $56.31M | $22.85M | $38.41M | $-822.87M | $44.34M | $22.20M | $34.42M | $-748.07M | $77.93M | $-1.18B | $106.49M | $-680.06M | $68.70M | $43.13M | $-543.83M | $37.88M | $19.89M | $369.10K | $5.18M | $-956.88M | $5.06M | $-7.14M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 6.87% | 0.44% | 12.01% | -1.14% | 13.12% | 0.44% | 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 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 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 | $37.72M | $35.63M | $34.99M | $40.39M | $33.89M | $31.65M | $30.69M | $33.57M | $30.14M | $27.85M | $26.70M | $23.45M | $28.59M | $28.03M | $27.47M | $21.32M | $35.80M | $27.94M | $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 | $41.43M | $39.12M | $38.42M | $44.35M | $37.22M | $34.76M | $33.70M | $36.87M | $33.10M | $28.89M | $29.32M | $28.14M | $30.05M | $33.26M | $30.17M | $25.58M | $39.31M | $33.53M | $41.64M | $23.25M | $36.18M | $31.51M | $36.37M | $30.84M | $29.19M | $22.25M | $24.60M | $144.95M | $29.28M | $25.63M |
| Low Forecast | $33.97M | $32.09M | $31.51M | $36.37M | $30.52M | $28.51M | $27.64M | $30.23M | $27.15M | $25.25M | $24.04M | $18.76M | $26.15M | $23.14M | $24.74M | $17.05M | $32.24M | $22.35M | $35.24M | $15.50M | $30.61M | $26.67M | $24.25M | $26.10M | $24.70M | $18.83M | $20.81M | $96.63M | $24.77M | $21.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.04% | 1.09% | 1.72% | 0.89% | 0.99% | 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 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 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 | $0.67 | $0.57 | $0.61 | $0.85 | $0.53 | $0.43 | $0.40 | $0.55 | $0.42 | $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 | $0.75 | $0.64 | $0.69 | $0.96 | $0.60 | $0.49 | $0.45 | $0.62 | $0.48 | $0.46 | $0.33 | $0.40 | $0.64 | $0.72 | $0.29 | $0.52 | $0.66 | $0.81 | $0.87 | $0.66 | $0.56 | $0.35 | $0.27 | $0.31 | $0.16 | - | $0.04 | $0.15 | $0.04 | $-0.04 |
| Low Forecast | $0.58 | $0.49 | $0.53 | $0.74 | $0.46 | $0.38 | $0.35 | $0.48 | $0.37 | $0.15 | $0.25 | $0.31 | $0.29 | $0.15 | $0.23 | $0.40 | $0.51 | $0.63 | $0.70 | $0.53 | $0.45 | $0.28 | $0.21 | $0.25 | $0.13 | - | $0.03 | $0.12 | $0.03 | $-0.05 |
| 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 |
|---|---|---|---|---|---|
| GPRK | GeoPark | $7.61 | $17.00 | 123.39% | Buy |
| CIVI | Civitas Resources | $52.95 | $92.63 | 74.94% | Buy |
| MTDR | Matador Resources Company | $49.84 | $78.00 | 56.50% | Buy |
| AR | Antero Resources | $26.49 | $39.65 | 49.68% | Buy |
| SWN | Southwestern Energy Company | $6.26 | $8.85 | 41.37% | Hold |
| MUR | Murphy Oil | $34.17 | $47.90 | 40.18% | Buy |
| SM | SM Energy Company | $39.16 | $51.64 | 31.87% | Buy |
| CRC | California Resources | $49.93 | $64.00 | 28.18% | Buy |
| GPOR | Gulfport Energy | $143.04 | $171.50 | 19.90% | Buy |
| RRC | Range Resources | $29.03 | $31.00 | 6.79% | Buy |
| MGY | Magnolia Oil & Gas | $23.84 | $25.31 | 6.17% | Buy |
| CNX | CNX Resources | $27.34 | $26.75 | -2.16% | Hold |
| CRK | Comstock Resources | $10.02 | $8.33 | -16.87% | Hold |
CNX Forecast FAQ
Is CNX Resources a good buy?
No, according to 2 Wall Street analysts, CNX Resources (CNX) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of CNX's total ratings.
What is CNX's price target?
CNX Resources (CNX) average price target is $26.75 with a range of $20 to $31, implying a -2.16% from its last price of $27.34. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will CNX Resources stock go up soon?
According to Wall Street analysts' prediction for CNX stock, the company can go down by -2.16% (from the last price of $27.34 to the average price target of $26.75), up by 13.39% based on the highest stock price target, and down by -26.85% based on the lowest stock price target.
Can CNX Resources stock reach $40?
CNX's average twelve months analyst stock price target of $26.75 does not support the claim that CNX Resources can reach $40 in the near future.
What are CNX Resources's analysts' financial forecasts?
CNX Resources's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.83B (high $2.01B, low $1.65B), average EBITDA is $1.03B (high $1.13B, low $930.69M), average net income is $291.25M (high $328.4M, low $253.6M), average SG&A $129.81M (high $142.55M, low $116.9M), and average EPS is $1.91 (high $2.15, low $1.66). CNX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.09B (high $2.3B, low $1.89B), average EBITDA is $1.18B (high $1.3B, low $1.07B), average net income is $410.89M (high $463.31M, low $357.78M), average SG&A $148.73M (high $163.32M, low $133.94M), and average EPS is $2.69 (high $3.04, low $2.34).
Did the CNX's actual financial results beat the analysts' financial forecasts?
Based on CNX Resources's last annual report (Dec 2023), the company's revenue was $1.51B, which missed the average analysts forecast of $1.64B by -8.43%. Apple's EBITDA was $738.76M, missing the average prediction of $-75.458M by -1079.04%. The company's net income was $1.72B, missing the average estimation of $-460M by -473.91%. Apple's SG&A was $125.34M, beating the average forecast of $105.4M by 18.92%. Lastly, the company's EPS was $10.59, beating the average prediction of $1.53 by 592.04%. In terms of the last quarterly report (Dec 2023), CNX Resources's revenue was $392.56M, missing the average analysts' forecast of $402.43M by -2.45%. The company's EBITDA was $201.57M, missing the average prediction of $227.61M by -11.44%. CNX Resources's net income was $513.98M, beating the average estimation of $74.82M by 587.00%. The company's SG&A was $29.54M, beating the average forecast of $28.59M by 3.32%. Lastly, the company's EPS was $0, missing the average prediction of $0.49 by -100.00%