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 2 sell ratings and 3 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 analysts have issued twelve-month target prices for CNX Resources' shares. 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 year. This suggests a possible upside of 38.5% from the stock's current price.
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CNX Resources' stock was trading at $16.84 on January 1st, 2023. Since then, CNX shares have decreased by 6.3% and is now trading at $15.78.
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CNX Resources saw a decrease in short interest in 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 volume of 2,980,000 shares, the days-to-cover ratio is currently 9.2 days. Approximately 15.5% of the company's shares 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 data on Thursday, January, 26th. The oil and gas producer reported $5.68 earnings per share (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 positive trailing twelve-month return on equity of 21.25% and a negative net margin of 5.36%. The business's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the prior year, the business posted $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 variety 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 SCP Investment LP (0.25%). 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 $15.78.

CNX Resources (NYSE:CNX) has a market capitalization of $2.85 billion and generates $1.26 billion in revenue each year. The oil and gas producer earns $-142,080,000.00 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.