CNX Resources Corporation. (NYSE:CNX) Receives Average Recommendation of “Reduce” from Analysts

Shares of CNX Resources Corporation. (NYSE:CNX) have been given an average recommendation of “Reduce” by the twelve research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $35.4444.

Several equities analysts have weighed in on CNX shares. Mizuho decreased their target price on shares of CNX Resources from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Barclays cut their price target on shares of CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. Tudor Pickering raised shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings cut CNX Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Truist Financial upgraded CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research report on Wednesday, July 15th.

CNX Resources Trading Down 0.3%

Shares of CNX stock opened at $34.60 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.47. CNX Resources has a twelve month low of $27.72 and a twelve month high of $43.62. The company’s 50-day moving average price is $33.55 and its 200-day moving average price is $36.94. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 4.81 and a beta of 0.59.

Key Stories Impacting CNX Resources

Here are the key news stories impacting CNX Resources this week:

• Positive Sentiment: CNX reported second-quarter earnings of $1.32 per share, well above the approximately $0.60 analyst consensus. The company also highlighted an expected annual run rate of roughly $90 million from the 45Z tax credit and other environmental attributes, although Treasury guidance remains forthcoming. CNX Resources second-quarter earnings report
• Positive Sentiment: Management and analysts continue to point to rising natural-gas demand as a potential longer-term growth driver for CNX, supporting the company’s production and environmental-credit opportunities. Can CNX Resources capitalize on rising natural gas demand?
• Neutral Sentiment: The earnings preview articles had focused investor attention on whether CNX could beat expectations; the reported earnings beat helps validate that expectation, but the revenue performance was less encouraging. CNX Resources Q2 2026 earnings preview
• Negative Sentiment: Second-quarter revenue was $435 million, below the $475.16 million consensus and down 35.7% year over year. EPS also declined from $2.43 in the prior-year quarter, indicating that the headline earnings beat does not represent broad-based operating improvement. CNX Reports Second Quarter Results
• Negative Sentiment: Analyst sentiment remains cautious, with CNX receiving an average “Reduce” rating. This may limit upside despite its low valuation and the potential benefit from 45Z credits. CNX Resources receives average Reduce rating

Insider Activity

In related news, Director William N. Thorndike, Jr. sold 28,800 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $38.25, for a total value of $1,101,600.00. Following the sale, the director directly owned 426,585 shares in the company, valued at approximately $16,316,876.25. The trade was a 6.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.03% of the company’s stock.

Institutional Investors Weigh In On CNX Resources

A number of institutional investors have recently made changes to their positions in CNX. Smartleaf Asset Management LLC boosted its position in shares of CNX Resources by 56.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 810 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 293 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of CNX Resources by 8.6% in the 4th quarter. Farther Finance Advisors LLC now owns 4,464 shares of the oil and gas producer’s stock valued at $164,000 after buying an additional 353 shares during the period. Aigen Investment Management LP lifted its stake in CNX Resources by 4.9% during the 4th quarter. Aigen Investment Management LP now owns 7,619 shares of the oil and gas producer’s stock worth $280,000 after acquiring an additional 354 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in CNX Resources by 3.2% during the 4th quarter. Arkadios Wealth Advisors now owns 13,028 shares of the oil and gas producer’s stock worth $479,000 after acquiring an additional 400 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in CNX Resources by 18.8% during the 4th quarter. GAMMA Investing LLC now owns 3,821 shares of the oil and gas producer’s stock valued at $140,000 after acquiring an additional 606 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

About CNX Resources

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.