CNX Resources Corp traded at $33.45 this Wednesday June 24th, decreasing $0.05 or 0.15 percent since the previous trading session. Looking back, over the last four weeks, CNX Resources lost 3.69 percent. Over the last 12 months, its price rose by 0.42 percent. Looking ahead, we forecast CNX Resources Corp to be priced at 32.00 by the end of this quarter and at 30.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
CNX Resources Corporation (CNX) is an oil and natural gas company, which is engaged in the exploration, development, production and acquisition of natural gas properties primarily in the Appalachian Basin. The Company's operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, it operates and develops Coal Bed Methane (CBM) properties in Virginia. The Company's principal activity is to produce natural gas for sale primarily to gas wholesalers and it operates through two segments that conducts those operations: Shale and Coalbed Methane. It designs, builds and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points. It operates approximately 2,600 miles of natural gas gathering pipelines as well as a number of natural gas processing facilities.