Morgan Stanley raises target for CNX Resources stock to USD 34.00 from USD 32.00

Published on 10/20/2026 at 20:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 618.48 million. CNX Resources stock costs EUR 31.77 on October 20, 2026, up 0.89 percent versus the Xetra close.

Analyst and earnings facts

Morgan Stanley raised its CNX Resources target to USD 34.00 from USD 32.00 on October 15, 2026.
Second-quarter revenue was USD 618.48 million, down 35.70 percent year over year.
CNX Resources stock costs EUR 31.77 at Lang & Schwarz on October 20, 2026 at 8:11 p.m. CEST, 0.89 percent above the Xetra close of October 19, 2026.

CNX, US12653C1080, Illustration mit AI erstellt.

CNX Resources (ISIN US12653C1080) was the subject of a Morgan Stanley target increase to USD 34.00 from USD 32.00 on October 15, 2026, while the firm kept an Underweight rating, as Markets Insider reported. At Lang & Schwarz, CNX Resources was trading at EUR 31.77 on October 20, 2026 at 8:11 p.m. CEST, up 0.89 percent versus the Xetra close of October 19, 2026 at EUR 31.49.

Revenue beat expectations

CNX Resources reported USD 618.48 million in revenue for the second quarter of 2026, compared with a USD 475.16 million consensus estimate, according to MarketBeat. Revenue nevertheless fell 35.70 percent from the year-earlier quarter, while earnings per share reached USD 1.32 versus USD 0.60 expected.

The earnings mix was profitable but weaker on the top line. Net income was USD 202.94 million in the second quarter, producing a 32.80 percent net profit margin.

Stock remains below its yearly high

The USD 35.73 New York Stock Exchange quote on October 20, 2026 stood 18.09 percent below the 52-week high of USD 43.62 and 16.09 percent above the low of USD 30.77. The market capitalization was USD 5.3 billion and the price-to-earnings ratio was 5.90.

Trading volume reached 544,125 shares on October 20, 2026. The primary listing is in New York, while the euro quotation offers a separate view for investors in Germany.

What does the target imply?

Morgan Stanley's USD 34.00 target is 4.84 percent below the USD 35.73 primary-exchange price, based on its October 15, 2026 action reported by Markets Insider. MarketBeat cited a broader consensus target of USD 34.25 and a Reduce consensus from eight Hold and three Sell ratings on October 16, 2026.

Next earnings date is October 29

CNX Resources has scheduled its third-quarter 2026 earnings conference call for October 29, 2026, according to the company's investor-relations calendar at CNX Resources. The release will give investors a new period for judging production, revenue and capital allocation against the second-quarter figures.

Euro quote after the close

The euro quotation was 0.89 percent above the October 19, 2026 Xetra close, leaving the German-market move smaller than the latest analyst revisions and the upcoming reporting date. CNX Resources was trading at EUR 31.77 at Lang & Schwarz on October 20, 2026 at 8:11 p.m. CEST, up 0.89 percent versus the Xetra close of October 19, 2026 at EUR 31.49. The further course of trading is shown by the continuously updated real-time quote of CNX Resources stock.