CNX Resources Stock Forecast, Price & News

CNX Resources' stock was trading at $5.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CNX stock has increased by 122.5% and is now trading at $11.37.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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CNX Resources is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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CNX Resources Corp (NYSE:CNX) released its quarterly earnings results on Thursday, July, 30th. The oil and gas producer reported $0.13 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.09. The oil and gas producer had revenue of $148.80 million for the quarter, compared to analysts' expectations of $328.76 million. CNX Resources had a negative net margin of 39.32% and a positive return on equity of 1.45%. CNX Resources's quarterly revenue was down 75.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS.
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10 brokers have issued 1-year price objectives for CNX Resources' shares. Their forecasts range from $7.11 to $15.00. On average, they anticipate CNX Resources' stock price to reach $12.01 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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CNX Resources saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 25,810,000 shares, an increase of 25.0% from the July 30th total of 20,640,000 shares. Based on an average daily volume of 4,460,000 shares, the days-to-cover ratio is currently 5.8 days. Approximately 14.0% of the company's stock are sold short.
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Some companies that are related to CNX Resources include Warrior Met Coal (HCC), Arch Coal (ARCH), Uranium Energy (UEC), Hallador Energy (HNRG), Cloud Peak Energy (CLDPQ), KiOR (KIORQ) and Uranerz Energy (URZ).
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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), Micron Technology (MU), Ford Motor (F), Kinder Morgan (KMI), General Electric (GE), Cisco Systems (CSCO), Energy Transfer LP Unit (ET) 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 Vanguard Group Inc. (7.53%), Macquarie Group Ltd. (2.72%), Encompass Capital Advisors LLC (1.77%), Bank of New York Mellon Corp (1.42%), Charles Schwab Investment Management Inc. (1.25%) and Goldman Sachs Group Inc. (1.07%). Company insiders that own CNX Resources stock include Bernard Lanigan, Jr and J Palmer Clarkson.
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CNX stock was sold by a variety of institutional investors in the last quarter, including Key Group Holdings Cayman LTD., LSV Asset Management, Quaker Capital Investments LLC, Charles Schwab Investment Management Inc., Man Group plc, Prudential Financial Inc., Vanguard Group Inc., and Teacher Retirement System of Texas.
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CNX stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Encompass Capital Advisors LLC, Bank of America Corp DE, AQR Capital Management LLC, Point72 Asset Management L.P., William Blair Investment Management LLC, Mackay Shields LLC, and Grantham Mayo Van Otterloo & Co. LLC. Company insiders that have bought CNX Resources stock in the last two years include Bernard Lanigan, Jr, and J Palmer Clarkson.
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Shares of CNX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CNX stock can currently be purchased for approximately $11.37.

CNX Resources has a market capitalization of $2.13 billion and generates $1.92 billion in revenue each year. The oil and gas producer earns $-80,730,000.00 in net income (profit) each year or $0.26 on an earnings per share basis. CNX Resources employs 564 workers across the globe.

The official website for CNX Resources is www.cnx.com.

CNX Resources' mailing address is CNX CENTER 1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA, 15317. The oil and gas producer can be reached via phone at 724-485-4000.