CNX Should I Buy
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CNX Resources Corp is not a strong buy at the moment for a beginner investor with a long-term focus. While the company has positive catalysts such as strong investor confidence in its debt tender offer and competitive positioning in the natural gas market, the financial performance shows significant declines in net income and EPS, which raises concerns about profitability. Additionally, analysts maintain mostly Underweight or Neutral ratings, and hedge funds are selling the stock. The technical indicators suggest a neutral trend, and there are no strong proprietary trading signals to support an immediate buy decision.
The MACD is below 0 and negatively contracting, indicating a weak momentum. RSI is neutral at 55.278, and moving averages are converging, showing no clear trend. The stock is trading near its pivot level of 39.361, with resistance at 40.866 and support at 37.856.
CNX Resources completed a cash tender offer for $420.2 million of its 2029 Senior Notes, reflecting strong investor confidence. The company holds 9.7 trillion cubic feet of proved reserves, enhancing its competitive position in the natural gas market.
Hedge funds are significantly increasing their selling activity (up 282.18% last quarter). Financial performance shows a sharp decline in net income (-235.70% YoY) and EPS (-250.52% YoY). Analysts maintain mostly Underweight or Neutral ratings, with some citing valuation concerns and shorter inventory duration compared to peers.
In Q4 2025, revenue increased by 32.24% YoY to $490.98 million, but net income dropped by -235.70% YoY to $196.25 million. EPS fell by -250.52% YoY to 1.46. Gross margin improved by 40.39% YoY to 42.79, indicating better operational efficiency despite profitability challenges.
Most analysts maintain Underweight or Neutral ratings. Recent price target changes include Piper Sandler raising the target to $26, Barclays to $35, Roth Capital to $35, and Scotiabank to $44. However, concerns about valuation and inventory duration persist, with some analysts citing limited upside.
