Roth Capital Forecasts CNX Resources' Q1 Earnings (NYSE:CNX)

Key Points

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CNX Resources Corporation. (NYSE:CNX - Free Report) - Stock analysts at Roth Capital lowered their Q1 2026 earnings estimates for CNX Resources in a research report issued on Monday, August 18th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $0.52 per share for the quarter, down from their prior forecast of $0.63. The consensus estimate for CNX Resources' current full-year earnings is $2.18 per share.

CNX has been the topic of several other research reports. Mizuho increased their price objective on shares of CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 13th. Barclays assumed coverage on CNX Resources in a research report on Monday, July 7th. They set an "equal weight" rating and a $33.00 price objective for the company. Scotiabank restated a "sector perform" rating and set a $35.00 price target (up previously from $33.00) on shares of CNX Resources in a research report on Friday, July 11th. TD Cowen raised shares of CNX Resources to a "hold" rating in a research note on Monday, July 7th. Finally, Piper Sandler decreased their price objective on CNX Resources from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $31.77.

CNX Resources Stock Performance

Shares of CNX Resources stock traded up $0.2170 during trading hours on Tuesday, reaching $28.8670. The company's stock had a trading volume of 1,552,985 shares, compared to its average volume of 2,080,070. CNX Resources has a one year low of $26.50 and a one year high of $41.93. The company's 50 day simple moving average is $31.63 and its 200 day simple moving average is $31.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. The stock has a market cap of $4.08 billion, a P/E ratio of 48.93, a price-to-earnings-growth ratio of 0.25 and a beta of 0.64.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Woodline Partners LP acquired a new stake in shares of CNX Resources during the 4th quarter valued at $71,971,000. Nuveen LLC purchased a new position in shares of CNX Resources in the first quarter worth approximately $35,567,000. Adage Capital Partners GP L.L.C. increased its position in shares of CNX Resources by 514.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,200,000 shares of the oil and gas producer's stock worth $37,776,000 after acquiring an additional 1,004,545 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CNX Resources by 4.4% in the first quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer's stock worth $502,178,000 after acquiring an additional 665,289 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of CNX Resources by 5,262.2% in the second quarter. Mackenzie Financial Corp now owns 555,473 shares of the oil and gas producer's stock worth $18,708,000 after acquiring an additional 545,114 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

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.