FY2025 EPS Estimates for CNX Resources Co. (NYSE:CNX) Reduced by Capital One Financial

CNX Resources Co. (NYSE:CNX) – Stock analysts at Capital One Financial dropped their FY2025 earnings per share (EPS) estimates for CNX Resources in a research note issued on Monday, April 15th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will earn $1.74 per share for the year, down from their previous forecast of $1.75. The consensus estimate for CNX Resources’ current full-year earnings is $1.31 per share.

CNX Resources (NYSE:CNX) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $2.59. CNX Resources had a return on equity of 9.00% and a net margin of 50.34%. The company had revenue of $999.50 million for the quarter, compared to analysts’ expectations of $401.62 million. During the same quarter in the prior year, the firm earned $1.64 earnings per share. CNX Resources’s revenue was down 38.9% compared to the same quarter last year.

Several other analysts have also recently issued reports on CNX. Scotiabank increased their target price on CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Thursday, April 11th. Bank of America raised CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a research report on Friday, January 5th. Mizuho increased their target price on CNX Resources from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Truist Financial increased their target price on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Piper Sandler increased their price objective on CNX Resources from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, CNX Resources presently has an average rating of “Hold” and an average price target of $23.86.

CNX Resources Stock Up 0.1 %

Shares of NYSE CNX opened at $23.85 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.65 billion, a PE ratio of 2.62 and a beta of 1.33. The stock’s fifty day simple moving average is $22.00 and its two-hundred day simple moving average is $21.32. CNX Resources has a 12-month low of $14.36 and a 12-month high of $24.82.

Insider Buying and Selling

In other news, EVP Timothy Scott Bedard bought 1,226 shares of CNX Resources stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $20.50 per share, for a total transaction of $25,133.00. Following the purchase, the executive vice president now directly owns 1,226 shares of the company’s stock, valued at approximately $25,133. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CNX Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Southeastern Asset Management Inc. TN raised its stake in shares of CNX Resources by 19.9% during the 1st quarter. Southeastern Asset Management Inc. TN now owns 13,758,674 shares of the oil and gas producer’s stock valued at $220,414,000 after buying an additional 2,279,108 shares during the last quarter. State Street Corp raised its stake in shares of CNX Resources by 15.6% during the 1st quarter. State Street Corp now owns 13,033,827 shares of the oil and gas producer’s stock valued at $270,061,000 after buying an additional 1,760,214 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CNX Resources by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 18,448,774 shares of the oil and gas producer’s stock valued at $286,510,000 after buying an additional 1,758,826 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of CNX Resources by 2,477.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,513,616 shares of the oil and gas producer’s stock valued at $31,362,000 after buying an additional 1,454,887 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of CNX Resources by 223.4% during the 4th quarter. LSV Asset Management now owns 1,489,353 shares of the oil and gas producer’s stock valued at $29,787,000 after buying an additional 1,028,805 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.