CNX Resources FY2026 EPS Lifted by Capital One Financial

CNX Resources Co. (NYSE:CNX - Free Report) - Analysts at Capital One Financial increased their FY2026 earnings estimates for CNX Resources in a report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $3.43 per share for the year, up from their previous forecast of $2.85. Capital One Financial has a "Equal Weight" rating and a $25.00 price target on the stock. The consensus estimate for CNX Resources' current full-year earnings is $1.54 per share.

Other research analysts have also recently issued research reports about the company. Morgan Stanley started coverage on CNX Resources in a research report on Friday. They set an "underweight" rating and a $29.00 target price on the stock. Piper Sandler lifted their price objective on shares of CNX Resources from $20.00 to $23.00 and gave the stock an "underweight" rating in a report on Friday, December 6th. Truist Financial increased their target price on shares of CNX Resources from $34.00 to $35.00 and gave the company a "hold" rating in a report on Friday, December 6th. Stephens raised their price target on shares of CNX Resources from $26.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, Tudor, Pickering, Holt & Co. downgraded shares of CNX Resources from a "hold" rating to a "sell" rating in a research report on Tuesday, October 1st. Nine analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $30.36.

CNX Resources Price Performance

Shares of CNX opened at $30.01 on Monday. The stock has a market cap of $4.48 billion, a P/E ratio of 9.44, a P/E/G ratio of 1.85 and a beta of 1.42. The business's fifty day moving average is $37.15 and its 200 day moving average is $31.83. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 0.46. CNX Resources has a 12-month low of $19.07 and a 12-month high of $41.93.

CNX Resources (NYSE:CNX - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.09. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. The company had revenue of $424.21 million for the quarter, compared to analysts' expectations of $398.33 million. During the same quarter in the prior year, the firm earned $0.35 EPS.

Hedge Funds Weigh In On CNX Resources

Several institutional investors and hedge funds have recently made changes to their positions in CNX. Blue Trust Inc. increased its stake in CNX Resources by 135.4% in the 3rd quarter. Blue Trust Inc. now owns 1,966 shares of the oil and gas producer's stock worth $64,000 after purchasing an additional 1,131 shares during the period. CWM LLC increased its stake in shares of CNX Resources by 77.0% in the third quarter. CWM LLC now owns 2,149 shares of the oil and gas producer's stock worth $70,000 after buying an additional 935 shares during the period. GAMMA Investing LLC raised its holdings in CNX Resources by 62.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,073 shares of the oil and gas producer's stock valued at $100,000 after buying an additional 1,177 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in CNX Resources during the 3rd quarter valued at $202,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in CNX Resources during the 3rd quarter valued at $205,000. Institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.09, for a total value of $33,421,750.00. Following the transaction, the insider now owns 13,925,000 shares of the company's stock, valued at $432,928,250. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.10% of the company's stock.

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.