Capital One Financial Weighs in on CNX Resources Co.'s FY2025 Earnings (NYSE:CNX)

CNX Resources Co. (NYSE:CNX - Free Report) - Analysts at Capital One Financial dropped their FY2025 earnings estimates for CNX Resources in a research report issued on Monday, April 15th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $1.74 for the year, down from their previous estimate of $1.75. The consensus estimate for CNX Resources' current full-year earnings is $1.31 per share.

CNX Resources (NYSE:CNX - Get Free Report) last issued its earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $2.59. CNX Resources had a net margin of 50.34% and a return on equity of 9.00%. The company had revenue of $999.50 million for the quarter, compared to the consensus estimate of $401.62 million. During the same period in the previous year, the firm earned $1.64 earnings per share. CNX Resources's quarterly revenue was down 38.9% compared to the same quarter last year.

A number of other equities analysts also recently commented on the stock. Mizuho lifted their target price on shares of CNX Resources from $24.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. Truist Financial boosted their price target on shares of CNX Resources from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Bank of America raised shares of CNX Resources from an "underperform" rating to a "neutral" rating and set a $23.00 price target on the stock in a research note on Friday, January 5th. Piper Sandler boosted their price target on shares of CNX Resources from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, March 7th. Finally, Scotiabank boosted their price target on shares of CNX Resources from $20.00 to $25.00 and gave the company a "sector underperform" rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, CNX Resources currently has an average rating of "Hold" and an average price target of $23.86.

CNX Resources Trading Up 0.1 %

CNX stock traded up $0.02 during trading on Wednesday, reaching $23.85. 1,910,791 shares of the stock were exchanged, compared to its average volume of 2,991,332. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $22.00 and a 200-day moving average price of $21.32. CNX Resources has a 1 year low of $14.36 and a 1 year high of $24.82. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 2.62 and a beta of 1.33.

Institutional Trading of CNX Resources

Hedge funds have recently made changes to their positions in the company. Algert Global LLC acquired a new stake in shares of CNX Resources in the third quarter valued at about $350,000. QRG Capital Management Inc. purchased a new position in CNX Resources during the 3rd quarter valued at about $3,542,000. Comerica Bank purchased a new position in CNX Resources during the 3rd quarter valued at about $4,054,000. IFP Advisors Inc increased its holdings in CNX Resources by 3,621.9% during the 3rd quarter. IFP Advisors Inc now owns 21,066 shares of the oil and gas producer's stock valued at $476,000 after acquiring an additional 20,500 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of CNX Resources by 444.1% during the third quarter. Stifel Financial Corp now owns 137,247 shares of the oil and gas producer's stock worth $3,099,000 after buying an additional 112,023 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Buying and Selling

In other news, EVP Timothy Scott Bedard sold 1,226 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $20.83, for a total value of $25,537.58. Following the completion of the sale, the executive vice president now owns 67,982 shares in the company, valued at approximately $1,416,065.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.65% of the stock is owned by company 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.