Q1 EPS Estimates for CNX Resources Increased by Roth Capital

CNX Resources Co. (NYSE:CNX - Free Report) - Equities researchers at Roth Capital upped their Q1 2025 EPS estimates for CNX Resources in a research report issued on Thursday, December 5th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $0.42 for the quarter, up from their previous forecast of $0.39. The consensus estimate for CNX Resources' current full-year earnings is $1.53 per share. Roth Capital also issued estimates for CNX Resources' Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.37 EPS and FY2025 earnings at $1.50 EPS.

CNX Resources (NYSE:CNX - Get Free Report) last issued 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 firm had revenue of $424.21 million during the quarter, compared to analyst estimates of $398.33 million. CNX Resources had a return on equity of 7.54% and a net margin of 27.79%. During the same period last year, the company earned $0.35 EPS.

A number of other brokerages have also weighed in on CNX. Capital One Financial lowered shares of CNX Resources from an "overweight" rating to an "equal weight" rating and set a $25.00 price objective for the company. in a report on Monday, October 14th. BMO Capital Markets boosted their price target on CNX Resources from $26.00 to $29.00 and gave the company a "market perform" rating in a report on Friday, October 4th. Tudor, Pickering, Holt & Co. cut CNX Resources from a "hold" rating to a "sell" rating in a research note on Tuesday, October 1st. Bank of America initiated coverage on CNX Resources in a research report on Monday, October 28th. They set an "underperform" rating and a $34.00 target price for the company. Finally, Tudor Pickering raised CNX Resources to a "strong sell" rating in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $30.00.

CNX Resources Trading Down 3.6 %

Shares of CNX traded down $1.36 during trading hours on Friday, reaching $36.82. 2,894,990 shares of the company traded hands, compared to its average volume of 1,923,707. The stock's fifty day moving average price is $36.83 and its 200 day moving average price is $29.93. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.85 and a beta of 1.43. CNX Resources has a 12-month low of $19.07 and a 12-month high of $41.93.

Insider Buying and Selling at CNX Resources

In other CNX Resources news, Director Bernard Lanigan, Jr. purchased 75,000 shares of CNX Resources stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost of $26.81 per share, with a total value of $2,010,750.00. Following the completion of the transaction, the director now owns 401,820 shares in the company, valued at approximately $10,772,794.20. This trade represents a 22.95 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNX. Mizuho Markets Americas LLC acquired a new stake in CNX Resources in the second quarter worth about $97,200,000. American Century Companies Inc. raised its position in shares of CNX Resources by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 3,699,186 shares of the oil and gas producer's stock valued at $89,890,000 after purchasing an additional 397,729 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 purchasing an additional 12,333 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CNX Resources by 12.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,860,817 shares of the oil and gas producer's stock worth $60,607,000 after purchasing an additional 202,890 shares in the last quarter. Finally, LSV Asset Management grew its position in CNX Resources by 1.4% during the 2nd quarter. LSV Asset Management now owns 1,780,921 shares of the oil and gas producer's stock worth $43,276,000 after purchasing an additional 23,800 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

About CNX Resources

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.