CNX Resources Co. (NYSE:CNX) Given Average Recommendation of “Hold” by Analysts

Shares of CNX Resources Co. (NYSE:CNXGet Free Report) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.00.

Several brokerages have recently weighed in on CNX. Truist Financial boosted their target price on CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Piper Sandler upped their target price on CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, April 19th. Mizuho lifted their price target on CNX Resources from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Roth Mkm upped their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, 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.

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CNX Resources Price Performance

CNX Resources stock opened at $25.38 on Friday. The stock has a market capitalization of $3.89 billion, a P/E ratio of 4.60 and a beta of 1.34. The company’s fifty day moving average price is $24.33 and its 200 day moving average price is $21.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.51 and a current ratio of 0.53. CNX Resources has a 1 year low of $16.50 and a 1 year high of $26.57.

CNX Resources (NYSE:CNXGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas producer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. CNX Resources had a net margin of 40.44% and a return on equity of 7.68%. The firm had revenue of $381.00 million for the quarter, compared to analyst estimates of $420.13 million. As a group, equities research analysts anticipate that CNX Resources will post 1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Teza Capital Management LLC grew its holdings in CNX Resources by 0.5% during the 3rd quarter. Teza Capital Management LLC now owns 111,206 shares of the oil and gas producer’s stock worth $2,511,000 after acquiring an additional 522 shares in the last quarter. Riverwater Partners LLC lifted its position in shares of CNX Resources by 1.0% during the 1st quarter. Riverwater Partners LLC now owns 65,673 shares of the oil and gas producer’s stock worth $1,558,000 after purchasing an additional 676 shares during the last quarter. Congress Asset Management Co. MA grew its stake in shares of CNX Resources by 0.4% during the fourth quarter. Congress Asset Management Co. MA now owns 265,558 shares of the oil and gas producer’s stock worth $5,311,000 after purchasing an additional 945 shares in the last quarter. US Bancorp DE increased its holdings in CNX Resources by 3.9% in the first quarter. US Bancorp DE now owns 26,860 shares of the oil and gas producer’s stock valued at $637,000 after buying an additional 999 shares during the last quarter. Finally, M&T Bank Corp raised its stake in CNX Resources by 10.5% in the fourth quarter. M&T Bank Corp now owns 10,657 shares of the oil and gas producer’s stock valued at $214,000 after buying an additional 1,014 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Company Profile

(Get Free Report

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.

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Analyst Recommendations for CNX Resources (NYSE:CNX)

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