CNX Resources (NYSE:CNX) Price Target Raised to $31.00

CNX Resources (NYSE:CNX) had its price target hoisted by Truist Financial from $30.00 to $31.00 in a research note released on Monday morning, Benzinga reports. The firm currently has a buy rating on the oil and gas producer’s stock.

A number of other research analysts have also commented on CNX. Roth Mkm upped their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the company a neutral rating in a research report on Tuesday, April 2nd. Stephens reaffirmed an equal weight rating and set a $27.00 price objective on shares of CNX Resources in a research report on Monday, July 15th. Scotiabank upped their price objective on shares of CNX Resources from $20.00 to $25.00 and gave the company a sector underperform rating in a research report on Thursday, April 11th. Piper Sandler upped their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the company a neutral rating in a research report on Friday, April 19th. Finally, Mizuho increased their price target on shares of CNX Resources from $25.00 to $29.00 and gave the stock a neutral rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, CNX Resources currently has a consensus rating of Hold and a consensus target price of $25.57.

CNX Resources Stock Up 0.5 %

CNX stock opened at $25.01 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.51. CNX Resources has a 52-week low of $18.17 and a 52-week high of $26.60. The company has a 50-day moving average of $25.11 and a two-hundred day moving average of $23.03. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 4.53 and a beta of 1.37.

CNX Resources (NYSE:CNX) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $381.00 million during the quarter, compared to analyst estimates of $420.13 million. CNX Resources had a net margin of 40.44% and a return on equity of 7.68%. As a group, equities research analysts anticipate that CNX Resources will post 1.36 EPS for the current year.

Institutional Trading of CNX Resources

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in CNX Resources by 54.1% during the second quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 666 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in CNX Resources by 113.4% during the first quarter. Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 1,136 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in CNX Resources during the fourth quarter worth about $55,000. Natixis bought a new stake in CNX Resources during the first quarter worth about $79,000. Finally, TFO Wealth Partners LLC grew its stake in CNX Resources by 64,084.6% during the fourth quarter. TFO Wealth Partners LLC now owns 8,344 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 8,331 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

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.