Q3 2024 Earnings Estimate for CNX Resources Co. (NYSE:CNX) Issued By Capital One Financial

CNX Resources Co. (NYSE:CNX - Free Report) - Analysts at Capital One Financial upped their Q3 2024 earnings estimates for CNX Resources in a report issued on Tuesday, April 30th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.39 for the quarter, up from their prior estimate of $0.35. The consensus estimate for CNX Resources' current full-year earnings is $1.35 per share.

A number of other analysts also recently issued reports on CNX. Mizuho raised their target price on CNX Resources from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Scotiabank upped their price objective on shares of CNX Resources from $20.00 to $25.00 and gave the company a "sector underperform" rating in a report on Thursday, April 11th. Bank of America upgraded 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. Truist Financial boosted their target price on shares of CNX Resources from $28.00 to $30.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Roth Mkm boosted their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $24.43.

CNX Resources Stock Performance

Shares of CNX Resources stock traded up $0.09 on Friday, reaching $23.29. 1,896,015 shares of the company traded hands, compared to its average volume of 2,946,944. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.51. The firm has a market capitalization of $3.57 billion, a PE ratio of 4.22 and a beta of 1.36. The company has a 50 day moving average of $22.84 and a 200 day moving average of $21.44. CNX Resources has a 52 week low of $14.41 and a 52 week high of $24.82.

Institutional Trading of CNX Resources

Hedge funds have recently bought and sold shares of the company. Neo Ivy Capital Management purchased a new position in shares of CNX Resources during the third quarter worth approximately $26,000. BluePath Capital Management LLC bought a new position in shares of CNX Resources during the third quarter valued at about $32,000. Castleview Partners LLC bought a new stake in shares of CNX Resources in the 3rd quarter valued at about $41,000. Hexagon Capital Partners LLC boosted its holdings in CNX Resources by 113.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer's stock valued at $51,000 after acquiring an additional 1,136 shares during the period. Finally, Adirondack Trust Co. bought a new position in CNX Resources during the 3rd quarter worth approximately $54,000. Institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In other news, EVP Timothy Scott Bedard sold 1,226 shares of CNX Resources stock in a transaction on Monday, February 26th. The shares were sold at an average price of $20.83, for a total transaction of $25,537.58. Following the completion of the sale, the executive vice president now directly owns 67,982 shares of the company's stock, valued at approximately $1,416,065.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company's stock.

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.