CNX Resources Co. (NYSE:CNX - Free Report) - Analysts at Capital One Financial increased their Q1 2025 earnings per share estimates for CNX Resources in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.62 per share for the quarter, up from their previous estimate of $0.56. Capital One Financial has a "Equal Weight" rating and a $25.00 price objective on the stock. The consensus estimate for CNX Resources' current full-year earnings is $1.54 per share. Capital One Financial also issued estimates for CNX Resources' Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.62 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $2.46 EPS.
CNX Resources (NYSE:CNX - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $424.21 million for the quarter, compared to analyst estimates of $398.33 million. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. During the same quarter last year, the firm earned $0.35 EPS.
Several other equities analysts have also recently issued reports on CNX. Tudor Pickering raised CNX Resources to a "strong sell" rating in a research note on Tuesday, October 1st. Stephens boosted their price objective 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. BMO Capital Markets raised their target price on shares of CNX Resources from $26.00 to $29.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. JPMorgan Chase & Co. cut shares of CNX Resources from a "neutral" rating to an "underweight" rating and boosted their price target for the company from $31.00 to $37.00 in a research report on Thursday, December 5th. Finally, Mizuho lowered shares of CNX Resources from a "neutral" rating to an "underperform" rating and raised their price objective for the stock from $33.00 to $38.00 in a report on Monday, December 16th. Nine analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, CNX Resources currently has an average rating of "Reduce" and an average price target of $30.36.
Check Out Our Latest Analysis on CNX
CNX Resources Trading Down 3.9 %
NYSE:CNX traded down $1.23 during mid-day trading on Friday, reaching $30.01. 6,261,153 shares of the company's stock traded hands, compared to its average volume of 6,804,609. The company has a 50 day moving average price of $37.23 and a 200-day moving average price of $31.68. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.37 and a quick ratio of 0.36. CNX Resources has a 12-month low of $19.07 and a 12-month high of $41.93.
Hedge Funds Weigh In On CNX Resources
Hedge funds have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new stake in shares of CNX Resources in the 4th quarter worth $241,000. World Investment Advisors LLC bought a new stake in CNX Resources in the 3rd quarter worth about $534,000. Geode Capital Management LLC raised its position in CNX Resources by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,602,837 shares of the oil and gas producer's stock worth $117,366,000 after buying an additional 12,333 shares during the last quarter. M&T Bank Corp lifted its stake in CNX Resources by 25.4% during the 3rd quarter. M&T Bank Corp now owns 18,057 shares of the oil and gas producer's stock valued at $588,000 after acquiring an additional 3,663 shares during the period. Finally, Hodges Capital Management Inc. purchased a new stake in shares of CNX Resources during the 3rd quarter valued at about $212,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of CNX Resources stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.09, for a total value of $33,421,750.00. Following the completion of the transaction, the insider now directly owns 13,925,000 shares of the company's stock, valued at approximately $432,928,250. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.65% of the stock is currently owned by company insiders.
About CNX Resources
(
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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.
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