Analysts Set CNX Resources Corporation. (NYSE:CNX) PT at $31.77

Shares of CNX Resources Corporation. (NYSE:CNX - Get Free Report) have received a consensus recommendation of "Reduce" from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.7692.

A number of research firms have issued reports on CNX. Scotiabank reaffirmed a "sector perform" rating and set a $35.00 price objective (up from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Mizuho lifted their price objective on shares of CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. Barclays began coverage on shares of CNX Resources in a report on Monday, July 7th. They set an "equal weight" rating and a $33.00 price objective on the stock. TD Cowen raised shares of CNX Resources to a "hold" rating in a report on Monday, July 7th. Finally, Piper Sandler lowered their target price on CNX Resources from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Thursday, August 14th.

CNX Resources Stock Down 0.2%

NYSE CNX traded down $0.07 during mid-day trading on Tuesday, hitting $29.51. The company's stock had a trading volume of 1,598,829 shares, compared to its average volume of 1,444,288. The company's 50 day simple moving average is $30.87 and its 200 day simple moving average is $30.99. CNX Resources has a twelve month low of $26.50 and a twelve month high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 0.26 and a beta of 0.60.

Institutional Investors Weigh In On CNX Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of CNX Resources during the second quarter worth about $29,000. Ameritas Advisory Services LLC purchased a new stake in CNX Resources in the second quarter worth approximately $32,000. Elevation Point Wealth Partners LLC purchased a new stake in CNX Resources in the second quarter worth approximately $46,000. Harbor Capital Advisors Inc. purchased a new stake in CNX Resources in the first quarter worth approximately $61,000. Finally, Sound Income Strategies LLC purchased a new stake in CNX Resources in the first quarter worth approximately $63,000. 95.16% of the stock is currently owned by institutional investors.

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.