Assessing CNX Resources: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
Analyst ratings for CNX Resources (NYSE:CNX) show a mix of bullish and neutral stances, with recent updates indicating a positive shift. The average 12-month price target is $21.75, up from $21.25, with individual targets ranging from $17.00 to $28.00. Analyst actions include both raises and a lower adjustment in price targets, reflecting dynamic market conditions. CNX Resources, a natural gas and midstream company, faces challenges with a -54.31% revenue decline but shows strong profitability and financial health indicators such as a high net margin of 130.93%, ROE of 12.36%, and ROA of 6.0%.
March 13, 2024 | 1:00 pm
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POSITIVE IMPACT
Analyst ratings for CNX Resources vary, with a recent positive shift in price targets. Despite a significant revenue decline, the company demonstrates strong profitability and financial health.
The mix of bullish and neutral analyst ratings, combined with the recent increase in the average price target, suggests a positive outlook for CNX Resources in the short term. Despite the significant revenue decline, the company's strong profitability and financial health metrics, such as high net margin, ROE, and ROA, contribute to a potentially positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100