Piper Sandler analyst Mark Lear raised the firm’s price target on CNX Resources (CNX) to $25 from $21 and keeps an Underweight rating on the shares. Coming out of Q1 2025 earnings, the firm is adjusting its near-term commodity price forecast, maintaining its long-term mid-cycle oil and raising mid-cycle gas to $3.50 from $3.25. In E&P, Piper continues to look for a balance of operational flexibility, deep high-return inventory runways and low reinvestment rates through FY26.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNX:
- CNX Resources price target raised to $36 from $35 at Mizuho
- CNX Resources Q1 Earnings Call: Strategic Insights and Challenges
- CNX Resources price target raised to $29 from $27 at TD Cowen
- CNX Resources Reports Strong First Quarter Results
- CNX Resources: Hold Rating Maintained Amidst Stable Guidance and Cautious Capital Strategy