FY2025 EPS Estimates for CNX Resources Raised by Analyst

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

CNX Resources (NYSE:CNX) last posted 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. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. The company had revenue of $424.21 million during the quarter, compared to the consensus estimate of $398.33 million. During the same quarter in the prior year, the company posted $0.35 EPS.

CNX has been the topic of a number of other research reports. Morgan Stanley started coverage on CNX Resources in a report on Friday, January 10th. They issued an “underweight” rating and a $29.00 target price on the stock. Piper Sandler increased their target price on shares of CNX Resources from $20.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lowered shares of CNX Resources from a “neutral” rating to an “underweight” rating and raised their price target for the company from $31.00 to $37.00 in a report on Thursday, December 5th. Bank of America assumed coverage on shares of CNX Resources in a research report on Monday, October 28th. They issued an “underperform” rating and a $34.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on shares of CNX Resources from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Nine equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $29.75.

CNX Resources Price Performance

CNX Resources stock opened at $28.51 on Friday. CNX Resources has a 1 year low of $19.07 and a 1 year high of $41.93. The firm has a 50 day moving average price of $35.78 and a 200 day moving average price of $32.07. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 0.47 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.37.

Hedge Funds Weigh In On CNX Resources

Large investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of 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 valued at $64,000 after purchasing an additional 1,131 shares during the last quarter. CWM LLC grew its stake in 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 buying an additional 935 shares during the last quarter. GAMMA Investing LLC increased its position in CNX Resources by 62.1% in the third quarter. GAMMA Investing LLC now owns 3,073 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 1,177 shares during the period. Heck Capital Advisors LLC bought a new stake in CNX Resources in the fourth quarter valued at $121,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of CNX Resources during the third quarter valued at $202,000. Institutional investors own 95.16% of the company’s stock.

Insider Activity at CNX Resources

In other 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 stock was sold at an average price of $31.09, for a total value of $33,421,750.00. Following the completion of the transaction, the insider now owns 13,925,000 shares in the company, valued at approximately $432,928,250. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by corporate insiders.

CNX Resources Company Profile

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.