---
title: "CNX Resources (NYSE:CNX) Given New $35.00 Price Target at Scotiabank"
description: "Scotiabank has raised its price target for CNX Resources from $33.00 to $35.00, maintaining a \"sector perform\" rating. This new target suggests a potential upside of 4.28% from the current stock price"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/248202784.md"
published_at: "2025-07-11T16:05:13.000Z"
---

# CNX Resources (NYSE:CNX) Given New $35.00 Price Target at Scotiabank

> Scotiabank has raised its price target for CNX Resources from $33.00 to $35.00, maintaining a "sector perform" rating. This new target suggests a potential upside of 4.28% from the current stock price of $33.57. Other brokerages have also provided mixed ratings and price targets for CNX Resources, with a consensus rating of "Hold" and an average target price of $31.85. The stock has seen significant trading activity and insider transactions recently, with institutional investors holding 95.16% of the company's shares.

CNX Resources (NYSE:CNX - Get Free Report) had its target price increased by investment analysts at Scotiabank from $33.00 to $35.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "sector perform" rating on the oil and gas producer's stock. Scotiabank's price target would indicate a potential upside of 4.28% from the stock's current price.

Get **CNX Resources** alerts:

-   $7 Billion in Clean Hydrogen Grants: Winners and Losers

A number of other brokerages have also commented on CNX. Barclays initiated coverage on CNX Resources in a research note on Monday. They set an "equal weight" rating and a $33.00 price target on the stock. Piper Sandler lifted their price target on CNX Resources from $21.00 to $25.00 and gave the company an "underweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price target on CNX Resources from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, March 13th. Stephens raised CNX Resources from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $35.00 to $48.00 in a research note on Tuesday, March 18th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $31.00 price objective on shares of CNX Resources in a research note on Tuesday, April 15th. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $31.85.

**View Our Latest Stock Report on CNX Resources**

## CNX Resources Price Performance

CNX Resources stock traded up $0.24 during midday trading on Friday, reaching $33.57. The company's stock had a trading volume of 175,485 shares, compared to its average volume of 2,717,875. CNX Resources has a 52 week low of $23.85 and a 52 week high of $41.93. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $32.36 and a 200-day moving average price of $31.19. The stock has a market cap of $4.86 billion, a PE ratio of -16.29, a price-to-earnings-growth ratio of 0.32 and a beta of 0.66.

## Insider Transactions at CNX Resources

In related news, Director J. Palmer Clarkson purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $31.20 per share, for a total transaction of $312,000.00. Following the completion of the acquisition, the director owned 245,433 shares of the company's stock, valued at $7,657,509.60. This represents a 4.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.10% of the company's stock.

## Institutional Investors Weigh In On CNX Resources

Several institutional investors have recently bought and sold shares of CNX. Vanguard Group Inc. raised its stake in shares of CNX Resources by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer's stock worth $502,178,000 after purchasing an additional 665,289 shares during the period. Northern Trust Corp lifted its holdings in CNX Resources by 20.5% during the 4th quarter. Northern Trust Corp now owns 2,421,387 shares of the oil and gas producer's stock worth $88,792,000 after purchasing an additional 411,485 shares in the last quarter. Southeast Asset Advisors LLC lifted its holdings in CNX Resources by 6.3% during the 1st quarter. Southeast Asset Advisors LLC now owns 2,408,025 shares of the oil and gas producer's stock worth $75,805,000 after purchasing an additional 141,819 shares in the last quarter. Woodline Partners LP purchased a new stake in CNX Resources during the 4th quarter worth about $71,971,000. Finally, Capital Research Global Investors lifted its holdings in CNX Resources by 31.8% during the 4th quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer's stock worth $53,172,000 after purchasing an additional 350,000 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

## About CNX Resources

(Get Free Report)

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.

## Featured Articles

-   Five stocks we like better than CNX Resources
-   What Do S&P 500 Stocks Tell Investors About the Market?
-   Broadcom Stock: HSBC Sets $400 Target on AI Growth Potential
-   3 Defense Stocks Set to Benefit From Increased Military Spending
-   These 3 Dividend Stocks Are Not Concerned With Tariff Noise
-   How to Use the MarketBeat Excel Dividend Calculator
-   Plug Power’s 20% Surge Signals New Commercial Growth Era

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

## Should You Invest $1,000 in CNX Resources Right Now?

Before you consider CNX Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CNX Resources wasn't on the list.

While CNX Resources currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

### Related Stocks

- [CNX.US - CNX Resources](https://longbridge.com/en/quote/CNX.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Assetmark Inc. Has $4.58 Million Holdings in CNX Resources Corporation. $CNX | Assetmark Inc. reduced its stake in CNX Resources Corporation by 84.1% in Q3, holding 142,705 shares valued at $4.58 mil | [Link](https://longbridge.com/en/news/276214297.md) |
| CNX Resources Q4 Earnings Call Highlights | CNX Resources executives discussed key topics during their Q4 2025 earnings call, including 2026 capital pacing, product | [Link](https://longbridge.com/en/news/274238371.md) |
| ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports | Feb 20 (Reuters) - ConocoPhillipsis exploring a sale of some of its Permian Basin assets as part of a broader streamlini | [Link](https://longbridge.com/en/news/276478732.md) |
| IronBridge Private Wealth LLC Has $905,000 Holdings in Apple Inc. $AAPL | IronBridge Private Wealth LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 77.3% in Q3, holding 3,555 shares valued  | [Link](https://longbridge.com/en/news/276436345.md) |
| Financial Advocates Investment Management Lowers Stock Position in Meta Platforms, Inc. $META | Financial Advocates Investment Management reduced its stake in Meta Platforms, Inc. by 66.7% in Q3, now holding 2,343 sh | [Link](https://longbridge.com/en/news/276432394.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
