CNX Resources Co. to Post FY2025 Earnings of $1.74 Per Share, Capital One Financial Forecasts (NYSE:CNX)

CNX Resources Co. (NYSE:CNX) – Equities research analysts at Capital One Financial lowered their FY2025 EPS estimates for shares of CNX Resources in a report issued on Monday, April 15th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of $1.74 for the year, down from their prior forecast of $1.75. The consensus estimate for CNX Resources’ current full-year earnings is $1.31 per share.

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

Other analysts have also recently issued reports about the stock. Truist Financial lifted their target price on shares of CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Bank of America raised shares of CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 target price for the company in a research note on Friday, January 5th. Scotiabank lifted their target price on shares of CNX Resources from $20.00 to $25.00 and gave the stock a “sector underperform” rating in a research note on Thursday, April 11th. Roth Mkm lifted their target price on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Mizuho lifted their target price on shares of CNX Resources from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.86.

CNX Resources Trading Up 0.1 %

Shares of CNX opened at $23.85 on Wednesday. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 2.62 and a beta of 1.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.51 and a quick ratio of 0.49. CNX Resources has a 1-year low of $14.36 and a 1-year high of $24.82. The firm has a 50 day simple moving average of $22.00 and a 200-day simple moving average of $21.32.

Insider Activity

In other news, EVP Timothy Scott Bedard sold 1,226 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $20.83, for a total transaction of $25,537.58. Following the completion of the sale, the executive vice president now directly owns 67,982 shares of the company’s stock, valued at approximately $1,416,065.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.65% of the company’s stock.

Institutional Trading of CNX Resources

Several institutional investors have recently made changes to their positions in CNX. Algert Global LLC acquired a new position in shares of CNX Resources during the 3rd quarter valued at $350,000. QRG Capital Management Inc. acquired a new position in shares of CNX Resources during the 3rd quarter valued at $3,542,000. Comerica Bank acquired a new position in shares of CNX Resources during the 3rd quarter valued at $4,054,000. IFP Advisors Inc lifted its holdings in shares of CNX Resources by 3,621.9% during the 3rd quarter. IFP Advisors Inc now owns 21,066 shares of the oil and gas producer’s stock valued at $476,000 after acquiring an additional 20,500 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of CNX Resources by 444.1% during the 3rd quarter. Stifel Financial Corp now owns 137,247 shares of the oil and gas producer’s stock valued at $3,099,000 after acquiring an additional 112,023 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

About CNX Resources

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.