Home » USA Broker Ratings » CNX Resources Corporation – Consensus Indicates Potential 31.2% Upside

CNX Resources Corporation – Consensus Indicates Potential 31.2% Upside

CNX Resources Corporation found using ticker (CNX) now have 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 15 and 9.5 calculating the average target price we see 12.44. With the stocks previous close at 9.48 this would indicate that there is a potential upside of 31.2%. The day 50 moving average is 9.37 and the 200 day MA is 8.41. The market cap for the company is $1,800m. Company Website: http://www.cnx.com

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas properties primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 519,000 net Marcellus Shale acres; and 608,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 981,700 in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. It also owns rights to extract coalbed methane (CBM) in Virginia from approximately 308,000 net CBM acres, as well as 2,122,000 net CBM acres in West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. The Midstream division owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. The company 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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