CNX Resources (CNX) Stock Forecast, Price & News

6 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 4 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.
View CNX analyst ratings or view top-rated stocks.

6 equities research analysts have issued 12-month price targets for CNX Resources' stock. Their CNX share price forecasts range from $16.00 to $31.00. On average, they expect the company's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
View analysts price targets for CNX or view top-rated stocks among Wall Street analysts.

CNX Resources' stock was trading at $16.84 on January 1st, 2023. Since then, CNX shares have decreased by 4.2% and is now trading at $16.14.
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CNX Resources saw a drop in short interest in April. As of April 30th, there was short interest totaling 24,780,000 shares, a drop of 7.6% from the April 15th total of 26,830,000 shares. Based on an average trading volume of 3,150,000 shares, the short-interest ratio is presently 7.9 days. Approximately 15.3% of the company's stock are sold short.
View CNX Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CNX earnings forecast.

CNX Resources Co. (NYSE:CNX) released its earnings results on Thursday, January, 26th. The oil and gas producer reported $5.68 EPS for the quarter, topping analysts' consensus estimates 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 trailing twelve-month return on equity of 17.55% and a net margin of 43.22%. The company's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share.

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

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 1.75%. 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.

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 retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.59%), Southeastern Asset Management Inc. TN (8.31%), State Street Corp (6.67%), Bank of New York Mellon Corp (2.35%), Macquarie Group Ltd. (2.08%) and Macquarie Group Ltd. (2.08%). Insiders that own company stock include Alan K Shepard, Bernard Lanigan Jr, Bernard Lanigan, Jr, Donald W Rush and N J Deiuliis.
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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One share of CNX stock can currently be purchased for approximately $16.14.

CNX Resources (NYSE:CNX) has a market capitalization of $2.67 billion and generates $3.63 billion in revenue each year. The oil and gas producer earns $-142,080,000.00 in net income (profit) each year or $7.16 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.