CNX Resources (NYSE:CNX) Raised to "Hold" at StockNews.com

CNX Resources (NYSE:CNX - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Monday.

Several other equities research analysts also recently weighed in on the company. Bank of America started coverage on CNX Resources in a research report on Monday, October 28th. They issued an "underperform" rating and a $34.00 target price for the company. Morgan Stanley began coverage on shares of CNX Resources in a research report on Friday, January 10th. They set an "underweight" rating and a $29.00 target price on the stock. TD Cowen began coverage on shares of CNX Resources in a report on Wednesday, January 15th. They set a "hold" rating and a $27.00 price target for the company. Capital One Financial lowered shares of CNX Resources from an "overweight" rating to an "equal weight" rating and set a $25.00 price objective on the stock. in a report on Monday, October 14th. Finally, Mizuho dropped their target price on CNX Resources from $38.00 to $34.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 14th. Eight equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, CNX Resources currently has a consensus rating of "Reduce" and an average target price of $29.67.

CNX Resources Trading Up 0.3 %

Shares of CNX Resources stock traded up $0.10 during trading hours on Monday, reaching $29.27. The stock had a trading volume of 2,608,364 shares, compared to its average volume of 4,316,564. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -43.04, a P/E/G ratio of 0.36 and a beta of 1.38. CNX Resources has a 1 year low of $19.07 and a 1 year high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $33.40 and a two-hundred day simple moving average of $32.23.

CNX Resources (NYSE:CNX - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. CNX Resources had a negative net margin of 7.14% and a positive return on equity of 6.72%. As a group, equities research analysts anticipate that CNX Resources will post 2.36 earnings per share for the current year.

Insider Buying and Selling at CNX Resources

In other 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 completion of the transaction, the insider now owns 13,925,000 shares of the company's stock, valued at approximately $432,928,250. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CNX Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in CNX Resources by 135.4% during the third quarter. Blue Trust Inc. now owns 1,966 shares of the oil and gas producer's stock valued at $64,000 after buying an additional 1,131 shares in the last quarter. CWM LLC boosted its position in shares of CNX Resources by 77.0% during the 3rd quarter. CWM LLC now owns 2,149 shares of the oil and gas producer's stock valued at $70,000 after purchasing an additional 935 shares in the last quarter. Principal Securities Inc. grew its stake in shares of CNX Resources by 38.5% in the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock worth $91,000 after purchasing an additional 691 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CNX Resources by 62.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,073 shares of the oil and gas producer's stock worth $100,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in CNX Resources during the fourth quarter valued at approximately $121,000. 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.