CNX Resources - CNX Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CNX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNX, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued 1 year price objectives for CNX Resources' stock. Their CNX share price forecasts range from $16.00 to $31.00. On average, they expect the company's share price to reach $21.86 in the next twelve months. This suggests a possible upside of 32.2% from the stock's current price.
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CNX Resources' stock was trading at $16.84 at the beginning of 2023. Since then, CNX shares have decreased by 1.8% and is now trading at $16.53.
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CNX Resources saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 27,480,000 shares, a decrease of 5.4% from the December 31st total of 29,050,000 shares. Based on an average daily trading volume, of 2,980,000 shares, the short-interest ratio is currently 9.2 days. Currently, 15.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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CNX Resources Co. (NYSE:CNX) posted its quarterly earnings results on Thursday, January, 26th. The oil and gas producer reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $5.11. The oil and gas producer earned $1.64 billion during the quarter, compared to analyst estimates of $510.19 million. CNX Resources had a negative net margin of 5.36% and a positive trailing twelve-month return on equity of 21.25%. The firm's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS.

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 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 investors include Tributary Capital Management LLC (0.55%), Wedge Capital Management L L P NC (0.50%), Capital Management Corp VA (0.30%), Assenagon Asset Management S.A. (0.29%), Peregrine Capital Management LLC (0.26%) and Comerica Bank (0.20%). Insiders that own company stock include Alan K Shepard, Bernard Lanigan, Jr, Donald W Rush and N J Deiuliis.
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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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One share of CNX stock can currently be purchased for approximately $16.53.

CNX Resources (NYSE:CNX) has a market capitalization of $2.98 billion and generates $1.26 billion in revenue each year. The oil and gas producer earns $-498,640,000.00 in net income (profit) each year or ($1.07) on an earnings per share basis.

The company employs 441 workers across the globe.

CNX Resources' mailing address is CNX CENTER 1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA, 15317. The official website for the company is www.cnx.com. The oil and gas producer can be reached via phone at (724) 485-4000 or via fax at 724-485-4833.