CNX Resources Co. (NYSE:CNX) to Post FY2025 Earnings of $2.08 Per Share, Capital One Financial Forecasts

CNX Resources Co. (NYSE:CNXFree Report) – Capital One Financial lowered their FY2025 EPS estimates for CNX Resources in a research report issued on Monday, January 29th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will earn $2.08 per share for the year, down from their previous forecast of $4.60. The consensus estimate for CNX Resources’ current full-year earnings is $1.49 per share.

CNX has been the subject of several other reports. Mizuho raised CNX Resources from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 3rd. StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Stephens reissued an “equal weight” rating and set a $24.00 target price on shares of CNX Resources in a research note on Thursday, October 12th. Truist Financial upgraded CNX Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $27.00 in a research report on Monday, December 4th. Finally, Piper Sandler dropped their price target on CNX Resources from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.00.

Check Out Our Latest Report on CNX Resources

CNX Resources Stock Up 1.8 %

NYSE:CNX opened at $20.87 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.53 and a quick ratio of 0.51. The company’s fifty day moving average price is $20.29 and its 200-day moving average price is $21.10. CNX Resources has a 1-year low of $14.36 and a 1-year high of $23.68. The firm has a market capitalization of $3.31 billion, a P/E ratio of 2.30, a PEG ratio of 2.47 and a beta of 1.29.

CNX Resources (NYSE:CNXGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share for the quarter, topping the consensus estimate of $0.30 by $2.59. CNX Resources had a net margin of 50.34% and a return on equity of 8.99%. The company had revenue of $999.50 million for the quarter, compared to the consensus estimate of $401.62 million. During the same quarter in the prior year, the company earned $1.64 EPS. CNX Resources’s quarterly revenue was down 38.9% on a year-over-year basis.

Hedge Funds Weigh In On CNX Resources

Several institutional investors and hedge funds have recently bought and sold shares of CNX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in CNX Resources by 6.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,211 shares of the oil and gas producer’s stock valued at $1,538,000 after buying an additional 4,188 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of CNX Resources by 7.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 117,180 shares of the oil and gas producer’s stock worth $2,502,000 after acquiring an additional 7,871 shares during the last quarter. Sei Investments Co. boosted its position in shares of CNX Resources by 7.8% during the 1st quarter. Sei Investments Co. now owns 249,181 shares of the oil and gas producer’s stock worth $5,208,000 after purchasing an additional 17,930 shares during the period. Canada Pension Plan Investment Board increased its holdings in CNX Resources by 39.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 104,255 shares of the oil and gas producer’s stock valued at $2,160,000 after purchasing an additional 29,348 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in CNX Resources by 26.2% in the first quarter. Allianz Asset Management GmbH now owns 53,619 shares of the oil and gas producer’s stock valued at $1,111,000 after purchasing an additional 11,142 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

CNX Resources Company Profile

(Get Free Report)

CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces 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.

See Also

Earnings History and Estimates for CNX Resources (NYSE:CNX)

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