Stock Price & Analysis

Analysis and Insights

To determine whether to buy or sell CNX stock, we analyze both technical and fundamental factors.

Technical Analysis:

CNX's stock price is currently trading near its Fibonacci pivot point of $29.45. The Relative Strength Index (RSI) values are around 50, indicating a neutral position, not oversold or overbought. The MACD is slightly negative, suggesting a bearish trend.

Valuation Analysis:

CNX is trading near its average analyst target price of $29.83. The stock has seen a slight increase of 3.15% over the past six months, moving from $26.67 to $27.51. However, the current price of $29.3 is close to the target, prompting analysts to consider downgrades or target adjustments.

Analyst Sentiment:

Multiple analysts have given CNX a Sell rating, with price targets ranging from $22 to $35. Mizuho Securities and Piper Sandler both have Sell ratings, citing concerns over production volumes and cash flow.

Conclusion:

Given the mixed technical indicators and bearish analyst sentiment, it is recommended to sell CNX stock at this time. The stock is near its target price, and without strong catalysts for further growth, the risk of a pullback is present.

Price Prediction for CNX Stock in 2025

The price prediction for CNX Resources (CNX) stock in 2025 is expected to range between $28 and $32, with a potential upside driven by improved production volumes and strategic initiatives. The stock is currently trading near its average analyst target price of $29.83, with a mix of analyst ratings ranging from Sell to Hold. Recent downgrades and reduced price targets reflect concerns over production guidance and valuation metrics.

The S1 support level for CNX Stock is $28.48 ,The R1 resistant level for CNX Stock is $30.89.

As of the end of day on 2025-03-14, the price of CNX Stock was $30.12.

The target price for CNX Stock according to analyst rating is 29.90, with the highest price target at 34.00 and the lowest at 22.00. Analysts have a Moderate Sell rating on CNX Stock overall.

The market cap of CNX is $4.5B.

Analysis and Insights

To determine if CNX Resources Corp (CNX) is overvalued, we analyze its valuation metrics, financial performance, and market sentiment.

Valuation Metrics:

CNX's valuation metrics show mixed signals. The price-to-earnings (P/E) ratio is 10.61 for Q3 2024, which is moderate. The enterprise value-to-EBITDA (EV/EBITDA) ratio is 11.48, indicating reasonable valuation relative to earnings. The price-to-sales (P/S) ratio is 4.29, slightly above industry averages, while the price-to-book (P/B) ratio is 1.14, suggesting the stock is fairly valued relative to book value.

Financial Performance:

CNX reported strong revenue growth, with Q4 2024 revenue at $371.268 million, up from $286.765 million in Q3. However, net income turned negative in Q4, raising concerns about profitability. The gross profit margin is stable, but the net income margin is negative, indicating potential operational challenges.

Analyst Sentiment:

Analysts have mixed opinions. Some have downgraded CNX to "Sell" due to reduced production volumes and cash flow uncertainty. Others maintain a "Hold" rating, citing the company's operational scale and potential from new technologies. The average analyst price target is $29.83, with CNX trading close to this level.

Stock Performance:

CNX's stock price has seen a slight increase over six months, trading at $29.3 as of March 11, 2025. The stock is near its average target price, with a neutral technical outlook indicated by its RSI of 51.47 and MACD of -0.14.

Conclusion:

CNX Resources Corp appears fairly valued based on its moderate valuation metrics and mixed analyst sentiment. While revenue growth is positive, the negative net income in Q4 and lack of dividends are concerns. Investors should monitor the company's ability to improve profitability and cash flow.

CNX Resources Corporation is an independent low carbon intensity natural gas development, production, midstream and technology company centered in the Appalachian Basin. The majority of its operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, it operates and develops Coalbed Methane (CBM) properties in Virginia. It has rights to extract natural gas from Shale formations in Pennsylvania, West Virginia, and Ohio from approximately 527,000 net Marcellus Shale acres and approximately 607,000 net Utica Shale acres. The Company holds approximately 53,000 acres of incremental Upper Devonian acres. It has rights to extract CBM in Virginia from approximately 278,000 net CBM acres. It extracts CBM natural gas primarily from the Pocahontas #3 seam. It has rights to extract natural gas from other Shale and shallow oil and gas formations, primarily in Illinois, Indiana, New York, and others.

The price prediction for CNX Stock in 2030 is $38. This estimate is based on the company's reaffirmed 6% to 8% annual growth target through 2030 and its current market position. While CNX faces challenges like regulatory issues and weaker earnings growth, the growth target suggests potential appreciation.

CNX has a total of 470 employees.