Analysts Set CNX Resources Corporation. (NYSE:CNX) PT at $31.64

CNX Resources Corporation. (NYSE:CNX) has been assigned a consensus recommendation of “Reduce” from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $31.6429.

Several analysts recently commented on CNX shares. TD Cowen raised shares of CNX Resources to a “hold” rating in a research report on Monday, July 7th. Siebert Williams Shank started coverage on CNX Resources in a report on Monday, September 15th. They set a “hold” rating and a $32.00 price target on the stock. Mizuho upgraded shares of CNX Resources from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $34.00 in a research note on Monday, September 15th. Barclays assumed coverage on shares of CNX Resources in a research report on Monday, July 7th. They set an “equal weight” rating and a $33.00 price objective on the stock. Finally, Piper Sandler dropped their price target on CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, August 14th.

Institutional Investors Weigh In On CNX Resources

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in CNX Resources in the 2nd quarter worth $29,000. Ameritas Advisory Services LLC purchased a new stake in shares of CNX Resources in the second quarter worth about $32,000. Elevation Point Wealth Partners LLC bought a new position in CNX Resources during the second quarter valued at approximately $46,000. Harbor Capital Advisors Inc. bought a new position in CNX Resources during the first quarter valued at approximately $61,000. Finally, Sound Income Strategies LLC purchased a new position in CNX Resources during the 1st quarter valued at approximately $63,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

CNX Resources Trading Up 0.9%

CNX Resources stock opened at $32.51 on Friday. CNX Resources has a 12 month low of $27.00 and a 12 month high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $29.86 and its two-hundred day simple moving average is $31.09. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 0.29 and a beta of 0.60.

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.