CNX Resources Stock Forecast, Price & News

CNX Resources' stock was trading at $5.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CNX stock has increased by 73.8% and is now trading at $8.88.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for CNX Resources or view MarketBeat's top 5 stock picks.

Wall Street analysts have given CNX Resources a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CNX Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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CNX Resources is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for CNX Resources.

CNX Resources Co. (NYSE:CNX) posted its earnings results on Thursday, October, 29th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $0.03. The oil and gas producer had revenue of $66 million for the quarter, compared to analyst estimates of $310.25 million. CNX Resources had a positive return on equity of 1.94% and a negative net margin of 83.40%. CNX Resources's revenue was down 87.5% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS.
View CNX Resources' earnings history.

10 Wall Street analysts have issued 1-year price objectives for CNX Resources' shares. Their forecasts range from $12.00 to $16.00. On average, they anticipate CNX Resources' stock price to reach $13.67 in the next twelve months. This suggests a possible upside of 53.9% from the stock's current price.
View analysts' price targets for CNX Resources.

CNX Resources saw a decline in short interest in November. As of November 15th, there was short interest totaling 16,030,000 shares, a decline of 15.8% from the October 31st total of 19,030,000 shares. Based on an average daily trading volume, of 4,680,000 shares, the short-interest ratio is presently 3.4 days.
View CNX Resources' Short Interest.

Some companies that are related to CNX Resources include Warrior Met Coal (HCC), Arch Resources (ARCH), Uranium Energy (UEC), Hallador Energy (HNRG), (URZ) (URZ), Cloud Peak Energy (CLDPQ) and KiOR (KIORQ).
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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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNX."

CNX Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Southeastern Asset Management Inc. TN (15.85%), BlackRock Inc. (10.68%), State Street Corp (4.29%), JPMorgan Chase & Co. (2.19%), Arrowstreet Capital Limited Partnership (1.35%) and Greenlight Capital Inc. (1.25%). Company insiders that own CNX Resources stock include Alan K Shepard, Bernard Lanigan, Jr, Donald W Rush, J Palmer Clarkson and N J Deiuliis.
View institutional ownership trends for CNX Resources.

CNX stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Southeastern Asset Management Inc. TN, AQR Capital Management LLC, Morgan Stanley, Greenlight Capital Inc., First Trust Advisors LP, Thrivent Financial for Lutherans, and Squarepoint Ops LLC.
View insider buying and selling activity for CNX Resources.

CNX stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Deep Basin Capital LP, Truist Financial Corp, Point72 Asset Management L.P., Dalton Greiner Hartman Maher & Co., Candriam Luxembourg S.C.A., and Cobalt Capital Management Inc.. Company insiders that have bought CNX Resources stock in the last two years include Alan K Shepard, Bernard Lanigan, Jr, Donald W Rush, J Palmer Clarkson, and N J Deiuliis.
View insider buying and selling activity for CNX Resources.

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

One share of CNX stock can currently be purchased for approximately $8.88.

CNX Resources has a market capitalization of $1.99 billion and generates $1.92 billion in revenue each year. The oil and gas producer earns $-80,730,000.00 in net income (profit) each year or $0.26 on an earnings per share basis. CNX Resources employs 467 workers across the globe.

The official website for CNX Resources is www.cnx.com.

CNX Resources' mailing address is CNX CENTER 1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA, 15317. The oil and gas producer can be reached via phone at 724-485-4000.