Brokerages Set CNX Resources Co. (NYSE:CNX) PT at $30.50

CNX Resources Co. (NYSE:CNX) has earned a consensus rating of “Strong Sell” from the twelve research firms that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $30.50.

CNX has been the topic of a number of research reports. Truist Financial raised their price objective on CNX Resources from $34.00 to $35.00 and gave the company a “hold” rating in a report on Friday, December 6th. BMO Capital Markets boosted their price target on shares of CNX Resources from $26.00 to $29.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Bank of America started coverage on shares of CNX Resources in a report on Monday, October 28th. They issued an “underperform” rating and a $34.00 price objective for the company. Mizuho cut CNX Resources from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $33.00 to $38.00 in a report on Monday, December 16th. Finally, Capital One Financial cut CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 price target for the company. in a report on Monday, October 14th.

Institutional Trading of CNX Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in CNX Resources by 135.4% during the third quarter. Blue Trust Inc. now owns 1,966 shares of the oil and gas producer’s stock worth $64,000 after buying an additional 1,131 shares during the period. CWM LLC boosted its position in shares of CNX Resources by 77.0% during the 3rd quarter. CWM LLC now owns 2,149 shares of the oil and gas producer’s stock worth $70,000 after purchasing an additional 935 shares during the period. GAMMA Investing LLC increased its holdings in CNX Resources by 62.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,073 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 1,177 shares during the last quarter. Innealta Capital LLC purchased a new stake in CNX Resources in the second quarter valued at approximately $131,000. Finally, Atomi Financial Group Inc. purchased a new position in shares of CNX Resources during the third quarter worth $202,000. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Stock Performance

CNX opened at $36.67 on Thursday. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.85 and a beta of 1.43. The firm’s fifty day simple moving average is $37.62 and its two-hundred day simple moving average is $31.39. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 0.46. CNX Resources has a 52-week low of $19.07 and a 52-week high of $41.93.

CNX Resources (NYSE:CNX) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.09. CNX Resources had a return on equity of 7.54% and a net margin of 27.79%. The company had revenue of $424.21 million for the quarter, compared to analysts’ expectations of $398.33 million. During the same period in the previous year, the firm posted $0.35 EPS. Equities analysts anticipate that CNX Resources will post 1.54 earnings per share for the current fiscal year.

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.