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 twelve months. 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 analysts have issued twelve-month target prices 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 $21.43 in the next year. This suggests a possible upside of 34.7% from the stock's current price.
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CNX Resources' stock was trading at $16.84 at the start of the year. Since then, CNX stock has decreased by 5.5% and is now trading at $15.91.
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CNX Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 27,300,000 shares, an increase of 6.4% from the February 28th total of 25,660,000 shares. Based on an average daily volume of 3,250,000 shares, the days-to-cover ratio is presently 8.4 days. Approximately 16.4% of the company's shares are sold short.
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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) issued its quarterly earnings results on Thursday, January, 26th. The oil and gas producer reported $5.68 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%. CNX Resources's revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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), VanEck Energy Income ETF (EINC), Invesco S&P MidCap 400 Pure Growth ETF (RFG), First Trust Natural Gas ETF (FCG), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), Ballast Small/Mid Cap ETF (MGMT), Cambria Value and Momentum ETF (VAMO) and Cambria Shareholder Yield ETF (SYLD).

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 (7.87%), Southeastern Asset Management Inc. TN (6.36%), Macquarie Group Ltd. (3.69%), Geode Capital Management LLC (1.84%), JPMorgan Chase & Co. (1.28%) and Charles Schwab Investment Management Inc. (1.27%). 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 $15.91.

CNX Resources (NYSE:CNX) has a market capitalization of $2.71 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.