Analysts Set Expectations for CNX Resources FY2025 Earnings

CNX Resources Co. (NYSE:CNX) – Investment analysts at Capital One Financial upped their FY2025 earnings per share estimates for CNX Resources in a research report issued on Thursday, January 23rd. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $2.49 per share for the year, up from their previous estimate of $2.46. Capital One Financial has a “Equal Weight” rating and a $25.00 price objective on the stock. The consensus estimate for CNX Resources’ current full-year earnings is $1.59 per share.

CNX has been the topic of several other reports. Bank of America began coverage on CNX Resources in a report on Monday, October 28th. They set an “underperform” rating and a $34.00 target price on the stock. Truist Financial increased their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Tudor, Pickering, Holt & Co. cut shares of CNX Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Stephens lifted their price objective on CNX Resources from $26.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Morgan Stanley began coverage on CNX Resources in a research report on Friday, January 10th. They set an “underweight” rating and a $29.00 target price on the stock. Nine analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, CNX Resources presently has a consensus rating of “Reduce” and an average target price of $29.75.

CNX Resources Stock Performance

NYSE:CNX opened at $28.60 on Friday. The stock’s 50-day moving average is $35.59 and its 200-day moving average is $32.14. CNX Resources has a 1-year low of $19.07 and a 1-year high of $41.93. 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 stock has a market cap of $4.27 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 0.47 and a beta of 1.42.

CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. CNX Resources had a return on equity of 7.54% and a net margin of 27.79%. The company had revenue of $424.21 million during the quarter, compared to analysts’ expectations of $398.33 million. During the same period in the prior year, the company earned $0.35 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in CNX Resources by 311.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 616,734 shares of the oil and gas producer’s stock valued at $20,087,000 after buying an additional 466,694 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in CNX Resources during the 4th quarter worth about $9,281,000. 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 during the period. Riverwater Partners LLC grew its holdings in CNX Resources by 124.2% during the 3rd quarter. Riverwater Partners LLC now owns 146,363 shares of the oil and gas producer’s stock valued at $4,839,000 after buying an additional 81,092 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of CNX Resources by 231.9% during the third quarter. BNP Paribas Financial Markets now owns 104,361 shares of the oil and gas producer’s stock valued at $3,399,000 after buying an additional 72,914 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.09, for a total transaction of $33,421,750.00. Following the completion of the transaction, the insider now owns 13,925,000 shares in the company, valued at approximately $432,928,250. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% 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.