CNX Resources Corporation – Consensus Indicates Potential 25.4% Upside

Broker Ratings

CNX Resources Corporation with ticker code (CNX) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 27 and 15 and has a mean target at 19.08. Given that the stocks previous close was at 15.21 this is indicating there is a potential upside of 25.4%. There is a 50 day moving average of 14.3 and the 200 day moving average is 13.45. The company has a market cap of $3,335m. You can visit the company’s website by visiting: https://www.cnx.com

The potential market cap would be $4,183m based on the market concensus.

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CNX Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas properties primarily in the Appalachian Basin. It operates through two segments, Shale and Coalbed Methane. The company produces and sells pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 524,000 net Marcellus Shale acres; and 610,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 1,017,000 in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. It also owns rights to extract coalbed methane (CBM) in Virginia from approximately 283,000 net CBM acres, as well as 1,896,000 net CBM acres in West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. CNX Resources Corporation also offers gas gathering and water delivery solutions to third-parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.

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