NYSE:CNX

CNX Resources (CNX) Stock Price, News & Analysis

$23.89
-0.13 (-0.54%)
(As of 05/7/2024 ET)
Today's Range
$23.88
$24.36
50-Day Range
$20.81
$24.63
52-Week Range
$15.08
$24.82
Volume
2.22 million shs
Average Volume
2.93 million shs
Market Capitalization
$3.66 billion
P/E Ratio
4.33
Dividend Yield
N/A
Price Target
$24.43

CNX Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.3% Upside
$24.43 Price Target
Short Interest
Bearish
19.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
-9.10
Upright™ Environmental Score
News Sentiment
1.02mentions of CNX Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth
33.81%
From $1.39 to $1.86 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.63 out of 5 stars

Oils/Energy Sector

91st out of 243 stocks

Crude Petroleum & Natural Gas Industry

34th out of 78 stocks

CNX stock logo

About CNX Resources Stock (NYSE:CNX)

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. The company owns rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.

CNX Stock Price History

CNX Stock News Headlines

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Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
Scotiabank Reaffirms Their Sell Rating on CNX Resources (CNX)
Biden to Launch “FedNOW” [Move Your Money Now]
Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
Q1 2024 CNX Resources Corp Earnings Call
CNX Resources Corporation Profit Retreats In Q1
CNX Reports First Quarter Results
Here's what to expect from CNX Resources's earnings
Truist Financial Reaffirms Their Hold Rating on Range Resources (RRC)
CNX Resources Corporation (CNX)
CNX June 21st Options Begin Trading
CNX Resources Corp
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Today
5/08/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Coal & Consumable Fuels
CUSIP
20854P10
Employees
470
Year Founded
1860

Price Target and Rating

Average Stock Price Target
$24.43
High Stock Price Target
$30.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+2.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$1.72 billion
Pretax Margin
50.55%

Debt

Sales & Book Value

Annual Sales
$3.47 billion
Cash Flow
$5.17 per share
Book Value
$27.45 per share

Miscellaneous

Free Float
146,119,000
Market Cap
$3.66 billion
Optionable
Optionable
Beta
1.36

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Key Executives

  • Mr. Nicholas J. DeIuliis (Age 55)
    President, CEO & Director
    Comp: $1.81M
  • Mr. Alan K. ShepardMr. Alan K. Shepard (Age 42)
    Chief Financial Officer
    Comp: $452.49k
  • Mr. Navneet Behl (Age 51)
    Chief Operating Officer
    Comp: $693.35k
  • Mr. Ravi Srivastava (Age 42)
    President of New Technologies
    Comp: $481.61k
  • Ms. Hayley F. Scott (Age 51)
    Chief Risk Officer
    Comp: $490.16k
  • Mr. Tyler Lewis
    VP of Investor Relations
  • Mr. Timothy Scott Bedard (Age 55)
    Executive VP, General Counsel & Corporate Secretary
  • Mr. Jason L. Mumford (Age 44)
    VP of SEC Financial Reporting & Controller

CNX Stock Analysis - Frequently Asked Questions

Should I buy or sell CNX Resources stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CNX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNX, but not buy additional shares or sell existing shares.
View CNX analyst ratings
or view top-rated stocks.

What is CNX Resources' stock price target for 2024?

7 brokers have issued 12-month price objectives for CNX Resources' shares. Their CNX share price targets range from $22.00 to $30.00. On average, they expect the company's stock price to reach $24.43 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
View analysts price targets for CNX
or view top-rated stocks among Wall Street analysts.

How have CNX shares performed in 2024?

CNX Resources' stock was trading at $20.00 at the beginning of the year. Since then, CNX shares have increased by 19.5% and is now trading at $23.89.
View the best growth stocks for 2024 here
.

Are investors shorting CNX Resources?

CNX Resources saw a decline in short interest in March. As of March 31st, there was short interest totaling 27,700,000 shares, a decline of 6.8% from the March 15th total of 29,720,000 shares. Based on an average trading volume of 3,070,000 shares, the days-to-cover ratio is presently 9.0 days. Approximately 18.9% of the shares of the stock are sold short.
View CNX Resources' Short Interest
.

When is CNX Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our CNX earnings forecast
.

How were CNX Resources' earnings last quarter?

CNX Resources Co. (NYSE:CNX) issued its quarterly earnings results on Thursday, January, 25th. The oil and gas producer reported $2.89 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $2.59. The oil and gas producer earned $999.50 million during the quarter, compared to the consensus estimate of $401.62 million. CNX Resources had a trailing twelve-month return on equity of 7.68% and a net margin of 40.44%. The firm's quarterly revenue was down 38.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share.

What is Jimmy A. Brock's approval rating as CNX Resources' CEO?

7 employees have rated CNX Resources Chief Executive Officer Jimmy A. Brock on Glassdoor.com. Jimmy A. Brock has an approval rating of 90% among the company's employees.

What other stocks do shareholders of CNX Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CNX Resources investors own include Bank of America (BAC), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Intel (INTC), Micron Technology (MU), Kinder Morgan (KMI), Cisco Systems (CSCO), Ford Motor (F), General Electric (GE) and Gilead Sciences (GILD).

Who are CNX Resources' major shareholders?

CNX Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include LSV Asset Management (1.15%), Tributary Capital Management LLC (0.59%), Principal Financial Group Inc. (0.43%), Peregrine Capital Management LLC (0.22%), Cove Street Capital LLC (0.21%) and Swiss National Bank (0.20%). Insiders that own company stock include Bernard Lanigan Jr and Timothy Scott Bedard.
View institutional ownership trends
.

How do I buy shares of CNX Resources?

Shares of CNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CNX) was last updated on 5/8/2024 by MarketBeat.com Staff

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