13 Cheap Stocks to Buy For the Next 5 Years

8. CNX Resources Corporation (NYSE:CNX)

Forward P/E Ratio as of October 7: 14.73

EPS Forward Long Term Growth (3-5 Year CAGR): 53.04%

Number of Hedge Fund Holders: 33

CNX Resources Corporation (NYSE:CNX) is one of the cheap stocks to buy for the next 5 years. On October 7, Barclays lowered the firm’s price target on CNX Resources to $32 from $33, while keeping an Equal Weight rating on the shares. The firm previewed the Q3 2025 reports for the oil exploration & production space and cut its 2026 price target accordingly.

In Q2 2025, CNX Resources reported that the company is maintaining a one-rig drilling schedule and expects to sustain a strong capital efficiency ratio of ~$0.85 per Mcf going forward. However, sequential production declines are anticipated in Q3 and Q4 of 2025. This is due to a front-loaded turn-in-line (placing wells into production) schedule earlier in the year, which creates a temporary lull before the next batch of wells comes online in late Q4.

Consequently, capital expenditures will be lighter in Q3 and are projected to increase again in Q4 as drilling and completion activities resume. The Utica wells are also a positive, with management noting that Q2 results were slightly above expectations and all wells performed within internal targets, with costs currently below target. The Utica is now considered competitive on an internal rate of return basis with Marcellus opportunities.

CNX Resources Corporation (NYSE:CNX) is an independent natural gas and midstream company that acquires, explores, develops, and produces natural gas properties in the Appalachian Basin.