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CNX Resources Corporation (CNX) Stock Analysis

Range Bound setup

HoldVALUE-TRAP 1/5Moderate Confidence

Energy · Oil & Gas E&P

Hold if already holding. Not a fresh buy at $38.58, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Appalachian Basin; Concentration risk — Supplier: three pipeline systems.

CNX Resources is an independent ultra-low carbon intensity natural gas producer centered in the Appalachian Basin, primarily the Marcellus and Utica Shale in Pennsylvania, Ohio, and West Virginia. Total 2025 sales volumes were 629 net Bcfe (92% natural gas, 8% liquids); the... Read more

$38.58+3.3% A.UpsideScore 6.5/10#5 of 37 Oil & Gas E&P
Stop $36.34Target $39.80(resistance)A.R:R -2.4:1
Analyst target$38.33-0.6%12 analysts
$39.80our TP
$38.58price
$38.33mean
$33
$48

Hold if already holding. Not a fresh buy at $38.58, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Appalachian Basin; Concentration risk — Supplier: three pipeline systems. Chart setup: RSI 44 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 6.5/10, moderate confidence.

Passes 5/7 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

Thesis

Rewards
Strong earnings beat streak (3/4)
High-quality business
Attractive valuation
Risks
Concentration risk — Geographic: Appalachian Basin
Concentration risk — Supplier: three pipeline systems
Analyst target reached - limited upside remaining

Key Metrics

P/E (TTM)9.9
P/E (Fwd)8.9
Mkt Cap$5.6B
EV/EBITDA5.6
Profit Mgn30.7%
ROE15.0%
Rev Growth41.2%
Beta0.65
DividendNone
Rating analysts21

Quality Signals

Piotroski F8/9

Options Flow

P/C1.18bearish
IV54%elevated

Concentration Risks(10-K Item 1A)

  • HIGHGeographicAppalachian Basin
    10-K Item 1A: 'Our producing properties are geographically concentrated in the Appalachian Basin, which exacerbates the impact of regional supply and demand factors on our business'
  • HIGHSupplierthree pipeline systems
    10-K Item 1A: 'A significant portion of our natural gas is sold on or through three pipeline systems, Texas Eastern Transmission, Columbia Gas Transmission, and Eastern Gas Transmission & Storage'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

10 dimensions · all in-band

GatesA.R:R -2.4=NEGATIVEMomentum 5.4<5.5 (soft — BUY_NOW allowed but watch)Momentum 5.4>=4.5Insider activity: OKNo SEC red flagsEARNINGS PROXIMITY NO DATESEMI CYCLE PEAK CLEARRange BoundSuitability: Moderate
RSI
44 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $37.44Resistance $40.61

Price Targets

$36
$40
A.Upside+3.2%
A.R:R-2.4:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeCautious

Risk Alerts

! Target reached (-13.4% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-04-30 (nulld)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is CNX stock a buy right now?

Hold if already holding. Not a fresh buy at $38.58, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Appalachian Basin; Concentration risk — Supplier: three pipeline systems. Chart setup: RSI 44 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Target $39.80 (+3.2%), stop $36.34 (−6.2%), A.R:R -2.4:1. Score 6.5/10, moderate confidence.

What is the CNX stock price target?

Take-profit target: $39.80 (+3.3% upside). Target $39.80 (+3.2%), stop $36.34 (−6.2%), A.R:R -2.4:1. Stop-loss: $36.34.

What are the risks of investing in CNX?

Concentration risk — Geographic: Appalachian Basin; Concentration risk — Supplier: three pipeline systems; Analyst target reached - limited upside remaining.

Is CNX overvalued or undervalued?

CNX Resources Corporation trades at a P/E of 9.9 (forward 8.9). TrendMatrix value score: 7.6/10. Verdict: Hold.

What do analysts say about CNX?

21 analysts cover CNX with a consensus score of 2.5/5. Average price target: $38.

What does CNX Resources Corporation do?CNX Resources is an independent ultra-low carbon intensity natural gas producer centered in the Appalachian Basin,...

CNX Resources is an independent ultra-low carbon intensity natural gas producer centered in the Appalachian Basin, primarily the Marcellus and Utica Shale in Pennsylvania, Ohio, and West Virginia. Total 2025 sales volumes were 629 net Bcfe (92% natural gas, 8% liquids); the company also owns midstream infrastructure and coalbed methane properties in Virginia.

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