Brokers Issue Forecasts for CNX Resources Co.’s FY2025 Earnings (NYSE:CNX)

CNX Resources Co. (NYSE:CNX) – Equities researchers at Capital One Financial reduced their FY2025 earnings per share (EPS) estimates for shares of CNX Resources in a note issued to investors on Monday, April 15th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings of $1.74 per share for the year, down from their previous estimate of $1.75. The consensus estimate for CNX Resources’ current full-year earnings is $1.31 per share.

Other equities research analysts also recently issued research reports about the company. Scotiabank upped their price target on CNX Resources from $20.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th. Piper Sandler upped their price target on CNX Resources from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Bank of America raised CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 price objective for the company in a research report on Friday, January 5th. Truist Financial upped their price objective on CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Mizuho upped their price objective on CNX Resources from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.86.

CNX Resources Price Performance

Shares of NYSE CNX opened at $23.71 on Wednesday. The stock’s 50-day moving average is $22.07 and its two-hundred day moving average is $21.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.51 and a quick ratio of 0.49. CNX Resources has a 1-year low of $14.36 and a 1-year high of $24.82. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 2.61 and a beta of 1.33.

CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share for the quarter, topping the consensus estimate of $0.30 by $2.59. CNX Resources had a return on equity of 9.00% and a net margin of 50.34%. The company had revenue of $999.50 million for the quarter, compared to the consensus estimate of $401.62 million. During the same quarter in the prior year, the business earned $1.64 EPS. CNX Resources’s revenue was down 38.9% on a year-over-year basis.

Institutional Trading of CNX Resources

A number of large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of CNX Resources by 243.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 72,656 shares of the oil and gas producer’s stock valued at $1,723,000 after purchasing an additional 51,490 shares during the period. AlphaMark Advisors LLC boosted its position in shares of CNX Resources by 36.7% in the 1st quarter. AlphaMark Advisors LLC now owns 15,225 shares of the oil and gas producer’s stock valued at $361,000 after purchasing an additional 4,091 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of CNX Resources by 113.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 1,136 shares during the period. Gateway Investment Advisers LLC acquired a new stake in shares of CNX Resources in the 1st quarter valued at about $231,000. Finally, Congress Asset Management Co. MA boosted its position in shares of CNX Resources by 0.4% in the 4th quarter. Congress Asset Management Co. MA now owns 265,558 shares of the oil and gas producer’s stock valued at $5,311,000 after purchasing an additional 945 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CNX Resources

In other news, EVP Timothy Scott Bedard bought 1,226 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of $20.50 per share, with a total value of $25,133.00. Following the transaction, the executive vice president now directly owns 1,226 shares in the company, valued at $25,133. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

CNX Resources Company Profile

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.