Gas CNX Resources faces a bleak financial look after financial institutions have reduced their price goals. Bank of America reduced its projection from $ 32 to $ 27 while maintaining the “weak performance” classification, Marketbeat I mentioned.
This classification is not an isolated accident. Morgan Stanley set a $ 33 targeted price in “weight loss” classification in March, while Mizuho reduced its goal from $ 38 to $ 34 with a “less performance” classification.
Nine analysts classified the shares as “selling”, gone FIVE with “Hold”, and only offered a recommendation “purchase”, creating the “reduction of consensus” classification.
These negative assessments reflect broader concerns about dirty fuel companies. Long -term investments for gas and oil producers have become more dangerous because the global economy moves from dirty energy sources to cleanliness.
Companies such as CNX Resources, which focuses on gas production in the Ablashian basin, face challenges with low clean energy costs. While dirty fuel stocks once represent reliable growth opportunities, many of them are now weak.
The pessimism of the financial community around CNX- at a trading price of about $ 31, a decrease from a rise of 52 weeks at about 42 dollars-that people wonder about the long term in the long term for such investments.
This trend not only affects CNX. Modern market data shows that other dirty energy companies are fighting with a decrease in profit margins and organizational pressures.
At the same time, clean energy companies Attracting investment capitalCreate sustainable jobs and generate competitive returns. Although environmental and social investment strategies and early governance may have mixed results, the momentum towards Cleans energy solutions It is still strong.
“CNX resources had a positive return on property rights by 6.72 % and a 7.14 % negative net margin,” Marketbeat pointed out. On average, analysts expect to publish CNX 2.18 resources [earnings per share] For the current fiscal year.
John Freeman, Raymond James analyst, recently upgraded CNX from “weakness” to “market performance”, while important opposite winds remain for natural gas producers in the current price environment, we believe that many negative risks are now priced at stocks at the current levels.
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