Roth Capital Estimates CNX Resources' Q1 Earnings (NYSE:CNX)

CNX Resources Co. (NYSE:CNX - Free Report) - Roth Capital increased their Q1 2025 earnings per share estimates for shares of CNX Resources in a research report issued on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.69 for the quarter, up from their previous estimate of $0.47. The consensus estimate for CNX Resources' current full-year earnings is $2.18 per share. Roth Capital also issued estimates for CNX Resources' Q2 2025 earnings at $0.28 EPS and FY2025 earnings at $1.34 EPS.

A number of other research firms have also recently issued reports on CNX. 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. Morgan Stanley reissued an "underweight" rating and issued a $31.00 price objective on shares of CNX Resources in a research note on Tuesday, April 15th. Bank of America cut their target price on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Stephens upgraded shares of CNX Resources from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $35.00 to $48.00 in a research note on Tuesday, March 18th. Finally, Scotiabank upgraded shares of CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price objective for the company in a report on Friday, April 11th. Eight equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, CNX Resources presently has an average rating of "Hold" and an average target price of $31.25.

CNX Resources Stock Down 0.2 %

NYSE:CNX traded down $0.05 during trading hours on Thursday, reaching $30.83. The company had a trading volume of 2,288,047 shares, compared to its average volume of 2,675,440. CNX Resources has a twelve month low of $22.82 and a twelve month high of $41.93. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.45. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of -45.34, a P/E/G ratio of 0.42 and a beta of 1.33. The business's 50-day simple moving average is $30.32 and its two-hundred day simple moving average is $33.24.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.14. CNX Resources had a positive return on equity of 6.72% and a negative net margin of 7.14%.

Institutional Trading of CNX Resources

A number of hedge funds have recently bought and sold shares of CNX. Woodline Partners LP bought a new stake in shares of CNX Resources during the 4th quarter worth $71,971,000. Arrowstreet Capital Limited Partnership bought a new stake in CNX Resources in the fourth quarter worth about $37,923,000. Millennium Management LLC boosted its stake in CNX Resources by 69.1% in the fourth quarter. Millennium Management LLC now owns 1,154,588 shares of the oil and gas producer's stock valued at $42,339,000 after acquiring an additional 471,763 shares during the last quarter. Northern Trust Corp grew its position in shares of CNX Resources by 20.5% during the 4th quarter. Northern Trust Corp now owns 2,421,387 shares of the oil and gas producer's stock valued at $88,792,000 after acquiring an additional 411,485 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of CNX Resources during the 4th quarter worth approximately $14,268,000. 95.16% of the stock is currently 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.