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.
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Read More on CNX:
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- CNX Resources: Hold Rating Maintained Amidst Stable Guidance and Cautious Capital Strategy
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