CNX Resources ( (CNX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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CNX Resources’ stock has experienced notable movements due to recent analyst activity. Scotiabank upgraded the stock to Sector Perform, highlighting the company’s robust hedging strategy as a safeguard against market volatility and potential declines in natural gas prices. This upgrade comes despite a 20% drop in the stock’s performance this year, with Scotiabank seeing upside potential from revised financial and asset value estimates. Mizuho also increased their price target, while BofA and Stephens lowered theirs, reflecting differing market conditions and evaluations. These varied analyst perspectives illustrate the complex dynamics influencing CNX’s stock trajectory.
More about CNX Resources
YTD Price Performance: -22.40%
Average Trading Volume: 2,885,105
Technical Sentiment Signal: Sell
Current Market Cap: $4.32B
For further insights into CNX stock on TipRanks’ Stock Analysis page.
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