Brokerages Set CNX Resources (CNX) PT at $24.22
Shares of CNX Resources (NYSE:CNX) have been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $24.22.
CNX has been the topic of a number of recent analyst reports. Tudor Pickering raised shares of CNX Resources from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. ValuEngine raised shares of CNX Resources from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of CNX Resources from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Finally, Robert W. Baird lifted their target price on shares of CNX Resources from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, January 29th.
Institutional investors and hedge funds have recently made changes to their positions in the company. TNB Financial bought a new stake in shares of CNX Resources during the 4th quarter valued at about $176,000. Jane Street Group LLC boosted its stake in shares of CNX Resources by 411.2% during the 3rd quarter. Jane Street Group LLC now owns 12,170 shares of the oil and gas producer’s stock valued at $206,000 after purchasing an additional 16,081 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of CNX Resources during the 4th quarter valued at about $197,000. Centaurus Financial Inc. bought a new stake in CNX Resources during the fourth quarter worth about $219,000. Finally, Emerald Advisers Inc. PA boosted its stake in CNX Resources by 49.2% during the fourth quarter. Emerald Advisers Inc. PA now owns 16,900 shares of the oil and gas producer’s stock worth $247,000 after acquiring an additional 5,570 shares in the last quarter. 95.49% of the stock is currently owned by hedge funds and other institutional investors.
CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $333.30 million for the quarter, compared to analyst estimates of $331.76 million. CNX Resources had a net margin of 14.03% and a return on equity of 1.36%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.33) EPS. research analysts expect that CNX Resources will post 0.52 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Brokerages Set CNX Resources (CNX) PT at $24.22” was first reported by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/brokerages-set-cnx-resources-cnx-pt-at-24-22/2047566.html.
About CNX Resources
CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin. As of December 31, 2017, it had 7.6 trillion cubic feet equivalent of proved natural gas reserves. The company also owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia.
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.