FY2025 Earnings Forecast for CNX Resources Co. (NYSE:CNX) Issued By Capital One Financial

CNX Resources Co. (NYSE:CNX) – Analysts at Capital One Financial reduced their FY2025 earnings per share (EPS) estimates for shares of CNX Resources in a report released on Monday, April 15th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $1.74 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 has been the topic of a number of other reports. Truist Financial raised their price objective on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, April 5th. Scotiabank raised their price objective on CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th. Bank of America raised CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 price objective on the stock in a report on Friday, January 5th. Roth Mkm lifted their price target on CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Piper Sandler lifted their price target on CNX Resources from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.86.

CNX Resources Price Performance

Shares of NYSE CNX traded up $0.02 during trading hours on Wednesday, reaching $23.85. 1,910,791 shares of the stock traded hands, compared to its average volume of 2,991,332. The company has a market capitalization of $3.65 billion, a P/E ratio of 2.62 and a beta of 1.33. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.43. CNX Resources has a 52-week low of $14.36 and a 52-week high of $24.82. The company’s 50-day simple moving average is $21.93 and its two-hundred day simple moving average is $21.30.

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 for the quarter, beating analysts’ consensus estimates of $0.30 by $2.59. The company had revenue of $999.50 million for the quarter, compared to analysts’ expectations of $401.62 million. CNX Resources had a return on equity of 9.00% and a net margin of 50.34%. CNX Resources’s revenue for the quarter was down 38.9% compared to the same quarter last year. During the same period last year, the firm posted $1.64 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in CNX Resources by 10.5% during the third quarter. Vanguard Group Inc. now owns 18,448,774 shares of the oil and gas producer’s stock valued at $286,510,000 after acquiring an additional 1,758,826 shares during the last quarter. Southeastern Asset Management Inc. TN increased its position in CNX Resources by 19.9% during the first 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 acquiring an additional 2,279,108 shares during the last quarter. State Street Corp increased its position in CNX Resources by 15.6% during the first quarter. State Street Corp now owns 13,033,827 shares of the oil and gas producer’s stock valued at $270,061,000 after acquiring an additional 1,760,214 shares during the last quarter. Invesco Ltd. increased its position in CNX Resources by 11.7% during the third quarter. Invesco Ltd. now owns 3,587,664 shares of the oil and gas producer’s stock valued at $81,009,000 after acquiring an additional 376,245 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in CNX Resources by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,533,370 shares of the oil and gas producer’s stock valued at $52,492,000 after acquiring an additional 22,477 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Transactions at CNX Resources

In other news, EVP Timothy Scott Bedard sold 1,226 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $20.83, for a total value of $25,537.58. Following the completion of the transaction, the executive vice president now owns 67,982 shares in the company, valued at $1,416,065.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.65% 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.