CNX Resources (CNX) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CNX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNX, but not buy additional shares or sell existing shares.
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7 analysts have issued 12 month price targets for CNX Resources' shares. Their CNX share price targets range from $22.00 to $30.00. On average, they expect the company's share price to reach $24.43 in the next year. This suggests a possible upside of 1.7% from the stock's current price.
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CNX Resources' stock was trading at $20.00 at the beginning of the year. Since then, CNX stock has increased by 20.1% and is now trading at $24.02.
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CNX Resources saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 27,700,000 shares, a decline of 6.8% from the March 15th total of 29,720,000 shares. Based on an average daily volume of 3,070,000 shares, the short-interest ratio is presently 9.0 days. Currently, 18.9% of the shares of the stock are short sold.
View CNX Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CNX earnings forecast.

CNX Resources will be holding an earnings conference call on Thursday, April 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

CNX Resources Co. (NYSE:CNX) announced its quarterly earnings data on Thursday, January, 25th. The oil and gas producer reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $2.59. The oil and gas producer had revenue of $999.50 million for the quarter, compared to analysts' expectations of $401.62 million. CNX Resources had a trailing twelve-month return on equity of 9.00% and a net margin of 50.34%. The firm's revenue was down 38.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 earnings per share.

CNX Resources (NYSE:CNX) pays an annual dividend of $0.13 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 1.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNX will have a dividend payout ratio of 6.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNX.

ETFs with the largest weight of CNX Resources (NYSE:CNX) stock in their portfolio include The Acquirers Fund (ZIG), Invesco Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Invesco S&P MidCap Value with Momentum ETF (XMVM), First Trust Natural Gas ETF (FCG), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and AlphaMark Actively Managed Small Cap ETF (SMCP).

7 employees have rated CNX Resources Chief Executive Officer Jimmy A. Brock on Glassdoor.com. Jimmy A. Brock has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other CNX Resources investors own include Bank of America (BAC), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Intel (INTC), Micron Technology (MU), Kinder Morgan (KMI), Cisco Systems (CSCO), Ford Motor (F), General Electric (GE) and Gilead Sciences (GILD).

CNX Resources' stock is owned by many different institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (0.59%), Congress Asset Management Co. MA (0.17%), Allspring Global Investments Holdings LLC (0.05%), Murphy Pohlad Asset Management LLC (0.04%), State of Michigan Retirement System (0.02%) and State of Alaska Department of Revenue (0.01%). Insiders that own company stock include Bernard Lanigan Jr and Timothy Scott Bedard.
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Shares of CNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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