Q1 EPS Estimates for CNX Resources Lowered by Analyst

CNX Resources Co. (NYSE:CNX) – Equities researchers at Capital One Financial cut their Q1 2025 earnings per share estimates for shares of CNX Resources in a research note issued to investors on Tuesday, February 18th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.62. The consensus estimate for CNX Resources’ current full-year earnings is $2.36 per share. Capital One Financial also issued estimates for CNX Resources’ Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $2.11 EPS and FY2026 earnings at $3.33 EPS.

CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. CNX Resources had a negative net margin of 7.14% and a positive return on equity of 6.72%.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of CNX Resources from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $31.00 to $37.00 in a research report on Thursday, December 5th. Raymond James upgraded shares of CNX Resources from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Stephens boosted their price target on CNX Resources from $26.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Mizuho cut their price objective on CNX Resources from $38.00 to $34.00 and set an “underperform” rating for the company in a research report on Tuesday, January 14th. Finally, Piper Sandler decreased their target price on CNX Resources from $23.00 to $22.00 and set an “underweight” rating on the stock in a report on Wednesday, January 29th. Nine analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $29.67.

CNX Resources Stock Performance

Shares of CNX Resources stock opened at $29.66 on Friday. CNX Resources has a 12-month low of $19.97 and a 12-month high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $31.75 and its 200-day moving average is $32.54.

Hedge Funds Weigh In On CNX Resources

Several hedge funds and other institutional investors have recently modified their holdings of CNX. Bessemer Group Inc. grew its position in CNX Resources by 131.5% in the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 526 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of CNX Resources during the 4th quarter valued at approximately $39,000. VSM Wealth Advisory LLC acquired a new position in CNX Resources during the 4th quarter worth approximately $55,000. Blue Trust Inc. boosted its position in CNX Resources by 135.4% in the third quarter. Blue Trust Inc. now owns 1,966 shares of the oil and gas producer’s stock valued at $64,000 after buying an additional 1,131 shares in the last quarter. Finally, CWM LLC boosted its holdings 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 valued at $70,000 after acquiring an additional 935 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Insider Activity

In related news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of CNX Resources stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.09, for a total value of $33,421,750.00. Following the transaction, the insider now directly owns 13,925,000 shares of the company’s stock, valued at $432,928,250. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.10% of the company’s stock.

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.