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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" CNX shares.
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5 Wall Street research analysts have issued 1 year target prices for CNX Resources' stock. Their CNX share price targets range from $19.00 to $27.00. On average, they expect the company's stock price to reach $23.40 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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CNX Resources' stock was trading at $16.84 at the beginning of the year. Since then, CNX stock has increased by 17.3% and is now trading at $19.76.
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CNX Resources saw a increase in short interest in the month of 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 days-to-cover ratio is presently 13.7 days. Approximately 22.5% of the shares of the company are sold short.
View CNX Resources' Short Interest.

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

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, topping analysts' consensus estimates of $0.26 by $0.09. The oil and gas producer earned $357 million during the quarter, compared to analysts' expectations of $387.49 million. CNX Resources had a net margin of 58.04% and a trailing twelve-month return on equity of 15.80%.

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.

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).

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.

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).

CNX Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.

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.
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