Should I buy or sell CNX Resources stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CNX shares. View CNX analyst ratings or view top-rated stocks .

What is CNX Resources' stock price target for 2024?

5 brokers have issued 12-month price objectives for CNX Resources' stock. Their CNX share price targets range from $19.00 to $27.00. On average, they anticipate the company's stock price to reach $23.40 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price. View analysts price targets for CNX or view top-rated stocks among Wall Street analysts .

How have CNX shares performed in 2023?

CNX Resources' stock was trading at $16.84 on January 1st, 2023. Since then, CNX stock has increased by 19.0% and is now trading at $20.0450. View the best growth stocks for 2023 here .

Are investors shorting CNX Resources?

CNX Resources saw a increase in short interest in November. As of November 15th, there was short interest totaling 34,630,000 shares, an increase of 6.3% from the October 31st total of 32,590,000 shares. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is currently 13.7 days. Approximately 22.5% of the company's stock are sold short. View CNX Resources' Short Interest .

When is CNX Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024. View our CNX earnings forecast .

How were CNX Resources' earnings last quarter?

CNX Resources Co. (NYSE:CNX) posted its earnings results on Wednesday, October, 25th. The oil and gas producer reported $0.35 EPS for the quarter, beating the consensus estimate of $0.26 by $0.09. The oil and gas producer had revenue of $357 million for the quarter, compared to analyst estimates of $387.49 million. CNX Resources had a net margin of 58.04% and a trailing twelve-month return on equity of 15.80%.

Is CNX Resources a good dividend stock?

CNX Resources (NYSE:CNX) pays an annual dividend of $0.13 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 1.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNX will have a dividend payout ratio of 6.48% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CNX .

What ETFs hold CNX Resources' stock?

ETFs with the largest weight of CNX Resources (NYSE:CNX) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE) , SPDR S&P Oil & Gas Exploration & Production ETF (XOP) , Alpha Architect U.S. Quantitative Value ETF (QVAL) , Invesco S&P MidCap 400 Pure Growth ETF (RFG) , First Trust Natural Gas ETF (FCG) , Ballast Small/Mid Cap ETF (MGMT) , Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and Cambria Shareholder Yield ETF (SYLD) .

What is Jimmy A. Brock's approval rating as CNX Resources' CEO?

7 employees have rated CNX Resources Chief Executive Officer Jimmy A. Brock on Glassdoor.com . Jimmy A. Brock has an approval rating of 90% among the company's employees.

What other stocks do shareholders of CNX Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CNX Resources investors own include Bank of America (BAC) , Freeport-McMoRan (FCX) , Advanced Micro Devices (AMD) , Intel (INTC) , Micron Technology (MU) , Kinder Morgan (KMI) , Cisco Systems (CSCO) , Ford Motor (F) , General Electric (GE) and Gilead Sciences (GILD) .

Who are CNX Resources' major shareholders?

CNX Resources' stock is owned by many different retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (2.33%), Invesco Ltd. (2.26%), FMR LLC (1.77%), Massachusetts Financial Services Co. MA (1.60%), Morgan Stanley (1.50%) and Northern Trust Corp (1.45%). View institutional ownership trends .

How do I buy shares of CNX Resources?

Shares of CNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

CNX Resources Stock Price, News & Analysis (NYSE:CNX)

$20.05

+0.19 (+0.96%)

(As of 12/8/2023 ET)

Compare

Today's Range: $19.76
▼
$20.15
50-Day Range: $19.76
▼
$23.53
52-Week Range: $14.36
▼
$23.68

Volume: 2.14 million shs
Average Volume: 2.90 million shs
Market Capitalization: $3.18 billion

P/E Ratio: 1.69
Dividend Yield: N/A
Price Target: $23.40

CNX Resources MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 16.7% Upside
$23.40 Price Target
Short Interest: Bearish
22.50% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -9.10
Upright™ Environmental Score
News Sentiment: 0.40
Based on 7 Articles This Week
Insider Trading: Acquiring Shares
$3.17 M Bought Last Quarter
Proj. Earnings Growth: 26.14%
From $1.53 to $1.93 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Oils/Energy Sector

139th out of 188 stocks

Crude Petroleum & Natural Gas Industry

45th out of 53 stocks

1.9

Analyst's Opinion

Consensus Rating
CNX Resources has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on 1 buy rating, 2 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.40, CNX Resources has a forecasted upside of 16.7% from its current price of $20.05.
Amount of Analyst Coverage
CNX Resources has only been the subject of 4 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
22.50% of the float of CNX Resources has been sold short.
Short Interest Ratio / Days to Cover
CNX Resources has a short interest ratio ("days to cover") of 13.7, which indicates bearish sentiment.
Change versus previous month
Short interest in CNX Resources has recently increased by 6.26%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
CNX Resources does not currently pay a dividend.
Dividend Growth
CNX Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of CNX Resources is 1.05%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CNX Resources will have a dividend payout ratio of 6.48% next year. This indicates that CNX Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
CNX Resources has received a -256.31% net impact score from Upright. The largest negative impact of Consol Energy in category "GHG emissions" seems to be driven mostly by its "Thermal coal", "Metallurgical coal", and "Ship port operations" products. See details.
Environmental Sustainability
The Environmental Impact score for CNX Resources is -9.10.

1.9

News and Social Media Coverage

News Sentiment
CNX Resources has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for CNX Resources this week, compared to 4 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CNX Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,169,893.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.72% of the stock of CNX Resources is held by insiders.
Percentage Held by Institutions
95.16% of the stock of CNX Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for CNX Resources are expected to grow by 26.14% in the coming year, from $1.53 to $1.93 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CNX Resources is 1.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of CNX Resources is 1.69, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.11.
Price to Earnings Growth Ratio
CNX Resources has a PEG Ratio of 2.48. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CNX Resources has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CNX Resources Stock (NYSE:CNX)

CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces 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. The company owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas positions in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.

CNX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CNX Stock News Headlines

December 8, 2023 | finance.yahoo.com

Do Options Traders Know Something About CNX Resources (CNX) Stock We Don't?

December 6, 2023 | americanbankingnews.com

CNX Resources (NYSE:CNX) Rating Increased to Hold at StockNews.com

December 8, 2023 | DTI Trader (Ad)

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December 5, 2023 | nasdaq.com

Truist Securities Upgrades CNX Resources (CNX)

December 5, 2023 | americanbankingnews.com

CNX Resources (NYSE:CNX) Upgraded to Buy by Truist Financial

December 3, 2023 | morningstar.com

CNX Resources Corp CNX

December 1, 2023 | bizjournals.com

CNX Resources names new chief legal officer

December 1, 2023 | markets.businessinsider.com

CNX Resources Names Timothy Bedard EVP, General Counsel, And Corporate Secretary

December 8, 2023 | Autonomix (Ad)

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December 1, 2023 | finance.yahoo.com

CNX Announces Executive Leadership Addition

November 24, 2023 | finance.yahoo.com

Why Is CNX Resources Corporation. (CNX) Down 3.2% Since Last Earnings Report?

November 7, 2023 | finance.yahoo.com

Evergy's (EVRG) Q3 Earnings & Revenues Surpass Estimates

November 3, 2023 | bizjournals.com

How CNX, Shapiro got together on agreement

November 3, 2023 | finance.yahoo.com

Rising Energy Prices Pushed CNX Resources Corporation (CNX)

November 2, 2023 | bizjournals.com

Shapiro mum on whether he'll appeal RGGI decision

November 2, 2023 | msn.com

Governor Josh Shapiro, CNX president announce historic collaboration in natural gas industry

November 2, 2023 | cbsnews.com

Pennsylvania and natural gas driller partnering for in-depth study of air emissions and water quality

November 2, 2023 | foxnews.com

PA officials to collaborate with major gas company for environmental monitoring

November 2, 2023 | bizjournals.com

Shapiro, CNX announce ground-breaking environmental monitoring agreement

November 2, 2023 | finance.yahoo.com

Pennsylvania partners with natural gas driller on air and water monitoring amid new regulatory push

October 31, 2023 | seekingalpha.com

CNX Resources: Third Quarter Results Weak, But Firm Enjoys Financial Strength

October 30, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Baker Hughes Company (BKR), CNX Resources (CNX) and Matador Resources (MTDR)

October 27, 2023 | markets.businessinsider.com

Sell Rating on CNX: Concerns Over Elevated Spending, Complex Tech Business, and Hedging Strategy

October 26, 2023 | finance.yahoo.com

CNX's latest airport drilling included gas under PIT's runways

October 26, 2023 | finance.yahoo.com

CNX Resources Corporation (NYSE:CNX) Q3 2023 Earnings Call Transcript

October 26, 2023 | finance.yahoo.com

Q3 2023 CNX Resources Corp Earnings Call

October 25, 2023 | benzinga.com

CNX Resources Reports Q3 Sales Decline, Misses Revenue Consensus

See More Headlines

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Company Calendar

Last Earnings: 10/25/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/25/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: Coal & Consumable Fuels
Sector: Oils/Energy
Current Symbol: NYSE:CNX
CUSIP: 20854P10
CIK: 1070412
Web: www.cnx.com
Phone: (724) 485-4000
Fax: 724-485-4833
Employees: 441
Year Founded: 1860

Price Target and Rating

Average Stock Price Target: $23.40
High Stock Price Target: $27.00
Low Stock Price Target: $19.00
Potential Upside/Downside: +16.7%
Consensus Rating: Reduce
Rating Score (0-4): 1.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.88
Trailing P/E Ratio: 1.69
Forward P/E Ratio: 13.10
P/E Growth: 2.48
Net Income: $-142,080,000.00
Net Margins: 58.04%
Pretax Margin: 69.22%
Return on Equity: 15.80%
Return on Assets: 6.74%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 0.30
Quick Ratio: 0.28

Sales & Book Value

Annual Sales: $1.97 billion
Price / Sales: 1.61
Cash Flow: $5.60 per share
Price / Cash Flow: 3.58
Book Value: $17.34 per share
Price / Book: 1.16

Miscellaneous

Outstanding Shares: 158,853,000
Free Float: 152,944,000
Market Cap: $3.18 billion
Optionable: Optionable
Beta: 1.35

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Key Executives

Mr. Nicholas J. DeIuliis (Age 54)
President, CEO & Director
Comp: $3.05M
Mr. Alan K. Shepard (Age 41)
Chief Financial Officer
Comp: $670.49k
Mr. Ravi Srivastava (Age 41)
President of New Technologies
Comp: $609.02k
Mr. Alexander John Reyes (Age 51)
Executive VP, General Counsel & Corporate Secretary
Comp: $785.93k
Mr. Navneet Behl (Age 51)
Chief Operating Officer
Mr. Tyler Lewis
VP of Investor Relations
Ms. Hayley F. Scott (Age 50)
Chief Risk Officer
Mr. Jason L. Mumford (Age 43)
VP of SEC Financial Reporting & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNX Stock Analysis - Frequently Asked Questions

Should I buy or sell CNX Resources stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CNX shares.
View CNX analyst ratings or view top-rated stocks.
What is CNX Resources' stock price target for 2024?: 5 brokers have issued 12-month price objectives for CNX Resources' stock. Their CNX share price targets range from $19.00 to $27.00. On average, they anticipate the company's stock price to reach $23.40 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for CNX or view top-rated stocks among Wall Street analysts.
How have CNX shares performed in 2023?: CNX Resources' stock was trading at $16.84 on January 1st, 2023. Since then, CNX stock has increased by 19.0% and is now trading at $20.0450.
View the best growth stocks for 2023 here.
Are investors shorting CNX Resources?: CNX Resources saw a increase in short interest in November. As of November 15th, there was short interest totaling 34,630,000 shares, an increase of 6.3% from the October 31st total of 32,590,000 shares. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is currently 13.7 days. Approximately 22.5% of the company's stock are sold short.
View CNX Resources' Short Interest.
When is CNX Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our CNX earnings forecast.
How were CNX Resources' earnings last quarter?: CNX Resources Co. (NYSE:CNX) posted its earnings results on Wednesday, October, 25th. The oil and gas producer reported $0.35 EPS for the quarter, beating the consensus estimate of $0.26 by $0.09. The oil and gas producer had revenue of $357 million for the quarter, compared to analyst estimates of $387.49 million. CNX Resources had a net margin of 58.04% and a trailing twelve-month return on equity of 15.80%.

Is CNX Resources a good dividend stock?: CNX Resources (NYSE:CNX) pays an annual dividend of $0.13 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 1.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNX will have a dividend payout ratio of 6.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNX.
What ETFs hold CNX Resources' stock?: ETFs with the largest weight of CNX Resources (NYSE:CNX) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), First Trust Natural Gas ETF (FCG), Ballast Small/Mid Cap ETF (MGMT), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and Cambria Shareholder Yield ETF (SYLD).
What is Jimmy A. Brock's approval rating as CNX Resources' CEO?: 7 employees have rated CNX Resources Chief Executive Officer Jimmy A. Brock on Glassdoor.com. Jimmy A. Brock has an approval rating of 90% among the company's employees.
What other stocks do shareholders of CNX Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CNX Resources investors own include Bank of America (BAC), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Intel (INTC), Micron Technology (MU), Kinder Morgan (KMI), Cisco Systems (CSCO), Ford Motor (F), General Electric (GE) and Gilead Sciences (GILD).
Who are CNX Resources' major shareholders?: CNX Resources' stock is owned by many different retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (2.33%), Invesco Ltd. (2.26%), FMR LLC (1.77%), Massachusetts Financial Services Co. MA (1.60%), Morgan Stanley (1.50%) and Northern Trust Corp (1.45%).
View institutional ownership trends.
How do I buy shares of CNX Resources?: Shares of CNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:CNX) was last updated on 12/8/2023 by MarketBeat.com Staff

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CNX Resources Stock Price, News & Analysis (NYSE:CNX)

CNX Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About CNX Resources Stock (NYSE:CNX)

CNX Stock Price History

CNX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CNX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™