Analyst recommendations for CNX Resources
As of January 30, 2018, Reuters reported 13 analysts having recommendations on CNX Resources (CNX) stock. Of those, 25% have given it a “strong buy” recommendation, and 25% have given it a “buy.” The remaining 50% have recommended a “hold.” There are no “sell” or “strong sell” recommendations.
CNX’s median target price
The median target price for CNX Resources stock is $17, which is 23% higher than its January 30, 2018, closing price of $13.84.
Wall Street analysts’ recommendation changes for CNX
In the last three months, CNX Resources stock’s median target price has decreased from $20 to $17. In the last three months, the number of analysts giving it a “buy” recommendation has risen from two to three. The number of analysts giving it a “hold” recommendation has fallen from seven to six. The number of “strong buy,” “sell,” and “strong sell” ratings are unchanged.
On December 19, 2017, Baird initiated coverage on CNX with an “outperform” rating and a target price of $22.
Other oil and gas producers
Based on the median price targets from Wall Street analysts, oil and gas companies Diamondback Energy (FANG) and Southwestern Energy (SWN) have potential upsides of 11% and 56%, respectively, from their January 30 closing prices. Range Resources (RRC) has the potential upside of 62%. SWN and RRC are primarily natural gas (UGAZ) producers.