CNX Resources Corporation with ticker code (CNX) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 25 and 16 calculating the average target price we see 19.22. With the stocks previous close at 15.14 this would indicate that there is a potential upside of 26.9%. The 50 day moving average now sits at 16.04 and the 200 day moving average is 17.24. The market capitalisation for the company is $2,584m. You can visit the company’s website by visiting: https://www.cnx.com
The potential market cap would be $3,281m based on the market concensus.
CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas positions in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.
