
CNX Resources (CNX) Stock Forecast & Price Target
CNX Resources (CNX) Analyst Ratings
Bulls say
CNX Resources is a promising investment opportunity with a strong focus on efficient cost structures and capital efficiency. The company has a differentiated profile compared to other E&Ps due to its New Tech business segment, which has the potential to generate significant revenue in the future. While there are current concerns about inventory levels, strong FCF generation and strategic utilization of buyback programs showcase the company's confidence in its long-term prospects. The stock currently has an attractive valuation with an EV/EBITDAX multiple of 4.8x and a FCF yield of 6.8%, making it a strong option for investors looking to capitalize on the natural gas market in the Appalachian Basin.
Bears say
CNX Resources is heavily reliant on its Shale segment for revenue, leaving it vulnerable to any fluctuations in natural gas prices. Their investments in new technology and their integrated midstream position show potential, but their reliance on tax credits for these initiatives could be interrupted in the current political climate. There is also a potential risk for dilution of shares if CNX continues to acquire companies or assets, and their New Tech business segment may face challenges in generating consistent revenue.
This aggregate rating is based on analysts' research of CNX Resources and is not a guaranteed prediction by Public.com or investment advice.
CNX Resources (CNX) Analyst Forecast & Price Prediction
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