CNX Resources (CNX) Stock Forecast & Price Target

$28.50

+0.46 (+1.64%)

(As of 09/17/2024 ET)

CNX Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for CNX Resources in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 8 analysts, 2 have given a sell rating, 5 have given a hold rating, and 1 has given a buy rating for CNX.

Consensus Price Target

$26.13
-8.35% Downside

High Forecast	$32.00
Average Forecast	$26.13
Low Forecast	$20.00

According to the 8 analysts' twelve-month price targets for CNX Resources, the average price target is $26.13. The highest price target for CNX is $32.00, while the lowest price target for CNX is $20.00. The average price target represents a forecasted downside of -8.35% from the current price of $28.51.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Reduce	Reduce	Hold	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$26.13	$25.29	$25.00	$20.80
Forecasted Upside	-8.35% Downside	3.91% Upside	7.66% Upside	5.97% Upside

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CNX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CNX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CNX Resources Stock vs. The Competition

Type	CNX Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	1.88	2.59	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-8.35% Downside	196.84% Upside	7.66% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/16/2024	Mizuho 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$30.00 ➝ $32.00	+15.98%
9/12/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$26.00 ➝ $27.00	-0.77%
8/20/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Underperform ➝ Sector Underperform	$25.00 ➝ $27.00	-1.53%
8/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Lear Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underweight	$22.00 ➝ $20.00	-24.06%
7/22/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$30.00 ➝ $31.00	+20.39%
7/15/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$27.00 ➝ $27.00	+2.31%
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4/2/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$18.00 ➝ $22.00	-7.06%
1/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$23.00	+12.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:39 PM ET.

CNX Forecast - Frequently Asked Questions

What is CNX Resources' forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for CNX Resources is $26.13, with a high forecast of $32.00 and a low forecast of $20.00.
Should I buy or sell CNX Resources stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 2 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" CNX shares.
Does CNX Resources's stock price have much upside?: According to analysts, CNX Resources's stock has a predicted upside of 2.08% based on their 12-month stock forecasts.
Has CNX Resources been downgraded by Wall Street analysts recently?: Over the previous 90 days, CNX Resources's stock had 1 downgrade by analysts.
What analysts cover CNX Resources?: CNX Resources has been rated by research analysts at JPMorgan Chase & Co., Mizuho, Piper Sandler, Scotiabank, Stephens, and Truist Financial in the past 90 days.
Do Wall Street analysts like CNX Resources more than its competitors?: Analysts like CNX Resources less than other "oils/energy" companies. The consensus rating for CNX Resources is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how CNX compares to other companies.