CNX Resources - CNX Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street 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 brokerages have issued 1 year price targets for CNX Resources' shares. Their CNX share price forecasts range from $16.00 to $31.00. On average, they expect the company's stock price to reach $21.71 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
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CNX Resources' stock was trading at $13.75 at the start of the year. Since then, CNX stock has increased by 32.1% and is now trading at $18.17.
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CNX Resources saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 29,940,000 shares, a drop of 7.4% from the October 15th total of 32,340,000 shares. Based on an average daily trading volume, of 3,200,000 shares, the days-to-cover ratio is presently 9.4 days. Currently, 16.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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CNX Resources Co. (NYSE:CNX) announced its quarterly earnings data on Thursday, October, 28th. The oil and gas producer reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.42. The oil and gas producer earned $496 million during the quarter, compared to analyst estimates of $413.01 million. CNX Resources had a negative net margin of 29.81% and a positive trailing twelve-month return on equity of 9.68%. CNX Resources's revenue for the quarter was up 52.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 earnings per share.

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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.22%), Dimensional Fund Advisors LP (8.23%), State Street Corp (6.20%), Macquarie Group Ltd. (3.63%), Bank of New York Mellon Corp (2.46%) and Massachusetts Financial Services Co. MA (1.64%). 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 $18.17.

CNX Resources (NYSE:CNX) has a market capitalization of $3.28 billion and generates $756.79 million in revenue each year. The oil and gas producer earns $-498,640,000.00 in net income (profit) each year or ($3.85) 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.