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.
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
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.
- Get a free copy of the StockNews.com research report on CNX Resources (CNX)
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