CNX Resources (NYSE:CNX - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.
A number of other analysts also recently weighed in on CNX. Scotiabank boosted their target price on CNX Resources from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 9th. Mizuho boosted their price objective on CNX Resources from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday. Barclays reduced their target price on CNX Resources from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 7th. Piper Sandler reduced 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. Finally, TD Cowen raised CNX Resources to a "hold" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, CNX Resources has an average rating of "Reduce" and a consensus price target of $32.50.
View Our Latest Research Report on CNX Resources
CNX Resources Price Performance
NYSE:CNX traded down $0.99 during mid-day trading on Tuesday, reaching $31.66. The stock had a trading volume of 437,142 shares, compared to its average volume of 2,475,354. The firm has a 50 day moving average price of $30.27 and a two-hundred day moving average price of $31.18. The stock has a market capitalization of $4.48 billion, a P/E ratio of 53.61, a P/E/G ratio of 0.29 and a beta of 0.55. CNX Resources has a one year low of $27.00 and a one year high of $41.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33.
Institutional Investors Weigh In On CNX Resources
Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in CNX Resources in the first quarter worth $718,000. Principal Financial Group Inc. lifted its holdings in CNX Resources by 1.6% in the first quarter. Principal Financial Group Inc. now owns 472,300 shares of the oil and gas producer's stock valued at $14,868,000 after acquiring an additional 7,440 shares during the period. HighTower Advisors LLC lifted its holdings in CNX Resources by 59.7% in the first quarter. HighTower Advisors LLC now owns 46,592 shares of the oil and gas producer's stock valued at $1,467,000 after acquiring an additional 17,424 shares during the period. Bridges Investment Management Inc. lifted its holdings in CNX Resources by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer's stock valued at $1,406,000 after acquiring an additional 23,531 shares during the period. Finally, KBC Group NV raised its stake in shares of CNX Resources by 25.0% in the first quarter. KBC Group NV now owns 7,768 shares of the oil and gas producer's stock worth $245,000 after buying an additional 1,552 shares during the period. 95.16% of the stock is owned by institutional investors.
About CNX Resources
(
Get Free Report)
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.
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