Assessing CNX Resources: Insights From 4 Financial Analysts

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Analysts' ratings for CNX Resources CNX over the last quarter vary from bullish to bearish, as provided by 4 analysts.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 0 3 0 0
Last 30D 1 0 0 0 0
1M Ago 0 0 2 0 0
2M Ago 0 0 1 0 0
3M Ago 0 0 0 0 0

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $21.75, with a high estimate of $28.00 and a low estimate of $17.00. Marking an increase of 2.35%, the current average surpasses the previous average price target of $21.25.

Deciphering Analyst Ratings: An In-Depth Analysis

An in-depth analysis of recent analyst actions unveils how financial experts perceive CNX Resources. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Bertrand Hodee Truist Securities Raises Buy $28.00 $27.00
Kashy Harrison Piper Sandler Raises Neutral $18.00 $17.00
Nitin Kumar Mizuho Raises Neutral $24.00 $23.00
Kashy Harrison Piper Sandler Lowers Neutral $17.00 $18.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to CNX Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of CNX Resources compared to the broader market.
  • Price Targets: Gaining insights, analysts provide estimates for the future value of CNX Resources's stock. This comparison reveals trends in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of CNX Resources's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on CNX Resources analyst ratings.

Discovering CNX Resources: A Closer Look

CNX Resources Corp is an independent low carbon intensity natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.

Financial Milestones: CNX Resources's Journey

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.

Negative Revenue Trend: Examining CNX Resources's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -54.31% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.

Net Margin: CNX Resources's net margin is impressive, surpassing industry averages. With a net margin of 130.93%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 12.36%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): CNX Resources's ROA excels beyond industry benchmarks, reaching 6.0%. This signifies efficient management of assets and strong financial health.

Debt Management: CNX Resources's debt-to-equity ratio is below the industry average at 0.54, reflecting a lower dependency on debt financing and a more conservative financial approach.

How Are Analyst Ratings Determined?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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