Truist Financial Initiates Coverage on CNX Resources

Analysts issue a 'sell' rating and $35 price target on the oil and gas producer's stock.

Mar. 27, 2026 at 6:38am

Truist Financial has initiated coverage on shares of CNX Resources (NYSE:CNX), issuing a 'sell' rating and a $35.00 price target on the oil and gas producer's stock. Several other equity research analysts have also weighed in on CNX, with mixed ratings and price targets.

Why it matters

This news highlights the ongoing scrutiny and differing analyst views on CNX Resources' performance and outlook. As an independent, publicly traded energy company focused on the Appalachian Basin, CNX's stock performance and valuation are closely watched by investors.

The details

Truist Financial analysts cited concerns about CNX Resources in their new 'sell' rating and $35 price target. Other analysts have issued a range of ratings, from 'underweight' to 'buy', and price targets from $31 to $44 on the stock. The company recently reported strong Q4 earnings, but the mixed analyst views suggest uncertainty about its future prospects.

  • Truist Financial initiated coverage on CNX Resources on Tuesday, March 27, 2026.
  • CNX Resources reported its Q4 2025 earnings on January 29, 2026.

The players

CNX Resources

An independent, publicly traded natural gas and natural gas liquids producer focused on the Appalachian Basin.

Truist Financial

A major U.S. financial services company that has initiated coverage on CNX Resources with a 'sell' rating.

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The takeaway

The mixed analyst views on CNX Resources highlight the ongoing uncertainty and scrutiny facing independent energy producers, even as the company reported strong recent earnings. Investors will be closely watching how CNX navigates the current market environment.