FY2025 EPS Estimate for CNX Resources Increased by Analyst

CNX Resources Co. (NYSE:CNX) – Stock analysts at Capital One Financial increased their FY2025 EPS estimates for CNX Resources in a research report issued on Thursday, January 23rd. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $2.49 per share for the year, up from their prior estimate of $2.46. Capital One Financial currently has a “Equal Weight” rating and a $25.00 price target on the stock. The consensus estimate for CNX Resources’ current full-year earnings is $1.59 per share.

Several other research analysts have also recently issued reports on the stock. Tudor, Pickering, Holt & Co. cut shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Mizuho cut their target price on CNX Resources from $38.00 to $34.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 14th. Truist Financial upped their target price on CNX Resources from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Piper Sandler lifted their price target on CNX Resources from $20.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. downgraded CNX Resources from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $31.00 to $37.00 in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, CNX Resources presently has an average rating of “Reduce” and an average target price of $29.75.

CNX Resources Stock Performance

Shares of CNX opened at $28.51 on Friday. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 0.47 and a beta of 1.42. CNX Resources has a 52-week low of $19.07 and a 52-week high of $41.93. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $35.78 and a 200 day moving average price of $32.07.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, October 24th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. The business had revenue of $424.21 million for the quarter, compared to the consensus estimate of $398.33 million. CNX Resources had a return on equity of 7.54% and a net margin of 27.79%. During the same quarter in the prior year, the business posted $0.35 EPS.

Institutional Trading of CNX Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings 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. CWM LLC raised its holdings in CNX Resources by 77.0% during the third 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 last quarter. GAMMA Investing LLC boosted its position in CNX Resources by 62.1% during the third quarter. GAMMA Investing LLC now owns 3,073 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 1,177 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in CNX Resources in the fourth quarter valued at $121,000. Finally, Atomi Financial Group Inc. purchased a new position in shares of CNX Resources in the third quarter valued at $202,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Buying and Selling

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.09, for a total transaction of $33,421,750.00. Following the sale, the insider now directly owns 13,925,000 shares in the company, valued at approximately $432,928,250. The trade was a 7.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

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.