We recently published a list of Top 10 Oil & Gas E&P Stocks Outperforming Despite Sinking Oil Prices. In this article, we are going to take a look at where CNX Resources Corporation (NYSE:CNX) stands against other top oil & gas E&P stocks outperforming despite sinking oil prices.
Oil prices have crashed by as much as 8.5% since the start of this month as Donald Trump reignites the tariff war. At one point, it was down as much as 18%! The broader market, as well as investors, have come to terms with a harsh reality: the tariffs are here to stay!
Inflation resulting from these tariffs threatens to send the country’s economy into recession, and global oil demand is reacting accordingly. The oil prices continue to tumble, threatening the future of some of the major oil producers of the world.
Amid this uncertain environment, some oil and gas stocks are outperforming the market. We decided to take a look at these stocks to find gems that can help retail investors outperform the market in these tough times.
To come up with our list of the top 10 oil & gas stocks outperforming despite sinking oil prices, we looked at the oil & gas exploration and production industry, considering only the stocks with a market cap between $2 billion and $10 billion.
A long line of heavy-duty trucks transporting natural gas across a rural highway.
CNX Resources Corporation (NYSE:CNX)
CNX Resources Corporation (NYSE:CNX) operates as an independent natural gas and midstream company. The company develops, explores, produces, and acquires natural gas properties in the Appalachian Basin. It operates through Coalbed Methane (CBM) and Shale segments.
CNX Resources (NYSE:CNX) recently received an upgrade from Underperform to Market Perform from Raymond James on the basis of its bullish natural gas outlook. Analysts believe that the company is likely to benefit from the rising industry trend, though its peers could arguably perform better.
CNX Resources (NYSE:CNX) missed estimates in the recent quarter on both revenue and EPS. Despite the miss, strong cash flow generation from its New Technologies segment and cost reduction efforts impressed investors.
As per the company’s 2025 outlook, management plans to maintain 2025 production volumes steady. However, if market prices improve, they have the flexibility to boost activity in the second half of the year. The detailed 2025 guidance regarding production targets and capital allocation is expected in the next quarter.
Overall, CNX ranks 9th on our list of top oil & gas E&P stocks outperforming despite sinking oil prices. While we acknowledge the potential of CNX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than CNX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.