CNX Resources (NYSE:CNX - Get Free Report) had its price objective increased by investment analysts at Mizuho from $34.00 to $35.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "underperform" rating on the oil and gas producer's stock. Mizuho's price target suggests a potential upside of 14.38% from the company's previous close.
Other research analysts have also issued reports about the company. StockNews.com lowered CNX Resources from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. Roth Capital set a $30.00 price objective on CNX Resources in a report on Thursday, January 23rd. Piper Sandler cut their price objective on shares of CNX Resources from $23.00 to $22.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 29th. TD Cowen began coverage on shares of CNX Resources in a research report on Wednesday, January 15th. They issued a "hold" rating and a $27.00 target price for the company. Finally, Morgan Stanley set a $33.00 price target on shares of CNX Resources and gave the company an "underweight" rating in a report on Wednesday, March 26th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.42.
Get Our Latest Stock Report on CNX Resources
CNX Resources Stock Up 5.7 %
CNX Resources stock traded up $1.64 during mid-day trading on Monday, hitting $30.60. The company's stock had a trading volume of 3,622,622 shares, compared to its average volume of 2,676,627. The firm's 50 day moving average is $30.20 and its 200 day moving average is $33.28. CNX Resources has a 52-week low of $22.82 and a 52-week high of $41.93. The company has a market cap of $4.50 billion, a PE ratio of -45.00, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32.
CNX Resources (NYSE:CNX - Get Free Report) last issued its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, analysts anticipate that CNX Resources will post 2.18 earnings per share for the current year.
Institutional Investors Weigh In On CNX Resources
A number of hedge funds have recently bought and sold shares of CNX. Bessemer Group Inc. boosted its stake in CNX Resources by 131.5% during the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 526 shares during the period. Xponance Inc. raised its holdings in shares of CNX Resources by 2.9% in the 4th quarter. Xponance Inc. now owns 20,876 shares of the oil and gas producer's stock worth $766,000 after buying an additional 588 shares in the last quarter. Principal Securities Inc. raised its stake in CNX Resources by 38.5% during the fourth quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock worth $91,000 after acquiring an additional 691 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its stake in shares of CNX Resources by 0.8% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 90,301 shares of the oil and gas producer's stock valued at $3,311,000 after purchasing an additional 759 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its stake in shares of CNX Resources by 2.7% in the 4th quarter. Pullen Investment Management LLC now owns 32,151 shares of the oil and gas producer's stock valued at $1,179,000 after purchasing an additional 841 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.
About CNX Resources
(
Get Free Report)
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.
See Also
Before you consider CNX Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CNX Resources wasn't on the list.
While CNX Resources currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
