CNX Resources (NYSE:CNX) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of CNX Resources (NYSE:CNX – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the oil and gas producer’s stock.

Separately, Mizuho decreased their target price on shares of CNX Resources from $18.00 to $16.00 in a report on Friday, March 10th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.43.

CNX Resources Price Performance

Shares of NYSE:CNX opened at $14.82 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.75. CNX Resources has a twelve month low of $14.47 and a twelve month high of $24.21. The company’s 50 day moving average is $16.00 and its 200 day moving average is $16.70. The company has a market cap of $2.52 billion, a PE ratio of -13.85, a price-to-earnings-growth ratio of 0.37 and a beta of 1.32.

CNX Resources (NYSE:CNX – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The oil and gas producer reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $5.11. CNX Resources had a negative net margin of 5.36% and a positive return on equity of 21.25%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $510.19 million. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, sell-side analysts forecast that CNX Resources will post 1.97 EPS for the current year.

Institutional Trading of CNX Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA acquired a new stake in CNX Resources during the 2nd quarter worth $26,000. Quadrant Capital Group LLC grew its holdings in shares of CNX Resources by 87.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,599 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 748 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of CNX Resources by 219.9% during the fourth quarter. Ronald Blue Trust Inc. now owns 2,553 shares of the oil and gas producer’s stock worth $40,000 after purchasing an additional 1,755 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of CNX Resources during the third quarter worth about $43,000. Finally, IFP Advisors Inc lifted its holdings in shares of CNX Resources by 119.2% in the 3rd quarter. IFP Advisors Inc now owns 2,889 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 1,571 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

About CNX Resources

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CNX Resources Corp. engages in the exploration, development, production, and acquisition of natural gas properties in the Appalachian Basin. It operates through the following segments: Shale, Coalbed Methane, and Other Gas. The Shale segment refers to primary reserves, production, and capital investments.