Update shared on 19 Nov 2025
Fair value Increased 2.44%Analysts have raised their price target for CNX Resources from $32.21 to $33.00, citing improved revenue growth expectations and supportive natural gas sector trends.
Analyst Commentary
Recent research updates have provided a mixed outlook on CNX Resources, as analysts reassess price targets and expectations in light of near-term operational results and sector fundamentals.
Bullish Takeaways- Bullish analysts highlight an improvement in gas fundamentals, supporting a higher net asset value and extended tax advantages for the company into 2028 and 2029.
- There is continued focus on capital discipline, with spending kept near maintenance levels even as market conditions improve. This is viewed as a positive for long-term returns.
- Despite recent market volatility, some analysts remain optimistic about the sector's outlook. The recent sell-off is being viewed as an opportunity, and some express confidence in a sustained bull market for natural gas stocks.
- Bearish analysts caution that anticipated cash flow for the upcoming quarter may fall short of consensus expectations due to weaker gas and NGL realizations.
- Some note that near-term operational updates are expected to be relatively “clean,” but macro headwinds and lower realizations are leading them to temper price targets slightly.
- Modest downward revisions in long-term price targets reflect the impact of broader market conditions and mark-to-market adjustments following recent sector reports.
- While operational performance remains solid, the outlook for oil and gas prices introduces continued uncertainty. As a result, some analysts maintain a neutral or equal weight stance.
What's in the News
- CNX Resources appoints Everett Good as Chief Financial Officer, effective January 1, 2026. He will succeed Alan Shepard, who will become President and CEO on the same date (Key Developments).
- Alan Shepard will assume the role of President and CEO as of January 1, 2026. Outgoing CEO Nick Deiuliis will retire after 35 years but will remain on the Board of Directors (Key Developments).
- The company has revised its 2025 production guidance higher to 620 to 625 Bcfe, up from previous expectations of 615 to 620 Bcfe (Key Developments).
- Reported third quarter 2025 production volumes increased to 161.3 Bcfe, compared to 134.5 Bcfe in the same period last year (Key Developments).
Valuation Changes
- Fair Value: The fair value estimate has risen slightly, increasing from $32.21 to $33.00.
- Discount Rate: The discount rate has decreased modestly, moving from 7.66% to 7.18%.
- Revenue Growth: Revenue growth expectations have improved significantly, from 2.74% to 6.44%.
- Net Profit Margin: Net profit margin forecasts have declined somewhat, from 32.47% to 30.93%.
- Future P/E: The future price-to-earnings ratio has edged down, from 6.26x to 6.09x.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.