CNX Resources Corporation with ticker code (CNX) have now 11 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 27 and 15 calculating the mean target price we have 19.45. Now with the previous closing price of 15 this would imply there is a potential upside of 29.7%. The 50 day moving average now sits at 14.39 while the 200 day moving average is 13.49. The market capitalisation for the company is $3,003m. Company Website: https://www.cnx.com
The potential market cap would be $3,894m based on the market concensus.
CNX Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas properties primarily in the Appalachian Basin. It operates through two segments, Shale and Coalbed Methane. The company produces and sells pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 524,000 net Marcellus Shale acres; and 610,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 1,017,000 in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. It also owns rights to extract coalbed methane (CBM) in Virginia from approximately 283,000 net CBM acres, as well as 1,896,000 net CBM acres in West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. CNX Resources Corporation also offers gas gathering and water delivery solutions to 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.
