Shares of CNX Resources Corp (NYSE:CNX) have been given an average rating of “Hold” by the fourteen research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.56.

Several brokerages have recently commented on CNX. Stifel Nicolaus began coverage on CNX Resources in a report on Tuesday, May 22nd. They set a “hold” rating and a $18.00 target price for the company. Zacks Investment Research downgraded CNX Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. ValuEngine raised CNX Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Goldman Sachs Group downgraded CNX Resources from a “neutral” rating to a “sell” rating and set a $14.00 price objective for the company. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Raymond James downgraded CNX Resources from a “market perform” rating to an “underperform” rating in a research note on Monday, August 6th. They noted that the move was a valuation call.

Shares of NYSE CNX traded down $0.10 during mid-day trading on Friday, hitting $14.60. 2,458,109 shares of the company traded hands, compared to its average volume of 1,753,782. CNX Resources has a 1 year low of $11.69 and a 1 year high of $18.37. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -91.25 and a beta of 1.04. The company has a quick ratio of 0.65, a current ratio of 0.67 and a debt-to-equity ratio of 0.47.

CNX Resources (NYSE:CNX) last announced its earnings results on Thursday, August 2nd. The oil and gas producer reported $0.33 EPS for the quarter, beating the consensus estimate of $0.12 by $0.21. CNX Resources had a return on equity of 2.37% and a net margin of 40.07%. The business had revenue of $402.12 million during the quarter, compared to the consensus estimate of $381.22 million. During the same period in the prior year, the business posted $0.08 earnings per share. CNX Resources’s revenue was up 8.4% compared to the same quarter last year. sell-side analysts expect that CNX Resources will post 0.69 EPS for the current fiscal year.

In other news, Director J. Palmer Clarkson bought 10,000 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were bought at an average cost of $14.90 per share, with a total value of $149,000.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new position in CNX Resources in the 1st quarter worth about $118,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of CNX Resources during the 1st quarter valued at about $123,000. Gargoyle Investment Advisor L.L.C. acquired a new position in shares of CNX Resources during the 1st quarter valued at about $170,000. Sciencast Management LP acquired a new position in shares of CNX Resources during the 1st quarter valued at about $174,000. Finally, Alps Advisors Inc. acquired a new position in shares of CNX Resources during the 1st quarter valued at about $215,000. 95.61% of the stock is currently owned by institutional investors.

CNX Resources Company Profile

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.

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Analyst Recommendations for CNX Resources (NYSE:CNX)

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