Scotiabank has adjusted its price target for CNX Resources (CNX, Financial), elevating it from $33 to $35 while maintaining a Sector Perform rating. This revision comes as the bank updates its predictions for North American natural gas stocks. Despite recent declines in natural gas prices, changes in U.S. tariff schedules, and ongoing economic uncertainties, Scotiabank expresses confidence in the positive trajectory for this sector. The firm remains optimistic about the current market's potential for growth, indicating a bullish outlook for natural gas stocks like CNX.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for CNX Resources Corp (CNX, Financial) is $31.33 with a high estimate of $40.00 and a low estimate of $25.00. The average target implies an downside of 5.99% from the current price of $33.33. More detailed estimate data can be found on the CNX Resources Corp (CNX) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, CNX Resources Corp's (CNX, Financial) average brokerage recommendation is currently 3.4, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CNX Resources Corp (CNX, Financial) in one year is $23.24, suggesting a downside of 30.27% from the current price of $33.33. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CNX Resources Corp (CNX) Summary page.
