5 Most Profitable Natural Gas Stocks to Buy Now

2. CNX Resources Corporation (NYSE:CNX)

Net Profit Margin: 29.55%

Operating Margin: 37.07%

On March 27, Morgan Stanley raised its price target on CNX Resources Corporation (NYSE:CNX) to $34 from $32 while maintaining an Underweight rating, reflecting improved commodity price assumptions across the energy complex. The firm highlighted that oil, LNG, and refining margins have reached multi-year highs, prompting a reassessment of earnings potential across North American producers. This macro-driven uplift provides a supportive backdrop for CNX’s cash flow generation, even as relative positioning remains debated.

On March 24, Truist initiated coverage on CNX Resources Corporation (NYSE:CNX) with a Sell rating and a $35 price target, citing concerns around the company’s inventory depth relative to peers and the early-stage nature of its New Tech initiatives. While these ventures, including remediated mine gas, offer differentiated exposure, they have yet to materially impact financial performance, leaving near-term valuation dependent on core operations.

CNX Resources Corporation (NYSE:CNX) is an independent natural gas producer operating primarily in the Appalachian Basin, with integrated capabilities spanning exploration, production, and midstream processing. Headquartered in Pennsylvania, the company also has exposure to emerging energy technologies. With improving macro tailwinds and optionality from new business lines, CNX offers a nuanced investment profile that could benefit from higher commodity prices and evolving energy demand dynamics.