FY2025 Earnings Forecast for CNX Resources Co. (NYSE:CNX) Issued By Capital One Financial

CNX Resources Co. (NYSE:CNX) – Capital One Financial cut their FY2025 earnings estimates for CNX Resources in a research report issued 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 prior forecast of $1.75. The consensus estimate for CNX Resources’ current full-year earnings is $1.31 per share.

CNX has been the topic of several other research reports. Bank of America raised shares of CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 price target on the stock in a report on Friday, January 5th. Piper Sandler boosted their price target on shares of CNX Resources from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Truist Financial boosted their price target on shares of CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, April 5th. Mizuho boosted their target price on shares of CNX Resources from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Roth Mkm boosted their target price on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.86.

CNX Resources Stock Performance

CNX stock traded up $0.02 on Wednesday, reaching $23.85. 1,910,791 shares of the company were exchanged, compared to its average volume of 2,991,332. CNX Resources has a 12 month low of $14.36 and a 12 month high of $24.82. The stock’s fifty day moving average price is $21.93 and its 200 day moving average price is $21.30. The firm has a market capitalization of $3.65 billion, a PE ratio of 2.62 and a beta of 1.33. 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 (NYSE:CNX) last announced its earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $2.59. CNX Resources had a net margin of 50.34% and a return on equity of 9.00%. The business had revenue of $999.50 million for the quarter, compared to analyst estimates of $401.62 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. CNX Resources’s revenue was down 38.9% compared to the same quarter last year.

Hedge Funds Weigh In On CNX Resources

A number of large investors have recently bought and sold shares of CNX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of CNX Resources by 6.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,211 shares of the oil and gas producer’s stock valued at $1,538,000 after buying an additional 4,188 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of CNX Resources by 7.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 117,180 shares of the oil and gas producer’s stock valued at $2,502,000 after buying an additional 7,871 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of CNX Resources by 7.8% in the 1st quarter. Sei Investments Co. now owns 249,181 shares of the oil and gas producer’s stock valued at $5,208,000 after buying an additional 17,930 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of CNX Resources by 39.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 104,255 shares of the oil and gas producer’s stock valued at $2,160,000 after buying an additional 29,348 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of CNX Resources by 26.2% in the 1st quarter. Allianz Asset Management GmbH now owns 53,619 shares of the oil and gas producer’s stock valued at $1,111,000 after buying an additional 11,142 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Activity

In related news, EVP Timothy Scott Bedard sold 1,226 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $20.83, for a total transaction of $25,537.58. Following the completion of the sale, the executive vice president now directly owns 67,982 shares of the company’s stock, valued at approximately $1,416,065.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.65% of the stock is currently owned by company insiders.

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.