CNX Resources (NYSE:CNX) Lowered to “Equal Weight” at Capital One Financial

Capital One Financial cut shares of CNX Resources (NYSE:CNX) from an overweight rating to an equal weight rating in a research note issued to investors on Monday, MarketBeat.com reports. Capital One Financial currently has $25.00 price target on the oil and gas producer’s stock.

Other equities research analysts have also issued research reports about the stock. Tudor Pickering raised shares of CNX Resources to a strong sell rating in a report on Tuesday, October 1st. Stephens reissued an equal weight rating and issued a $27.00 price objective on shares of CNX Resources in a report on Monday, July 15th. Truist Financial upped their price objective on shares of CNX Resources from $31.00 to $38.00 and gave the company a buy rating in a report on Monday, September 30th. StockNews.com cut shares of CNX Resources from a hold rating to a sell rating in a research report on Saturday, August 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of CNX Resources from $26.00 to $27.00 and gave the company a neutral rating in a research report on Thursday, September 12th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $27.10.

CNX Resources Price Performance

CNX stock opened at $35.04 on Monday. The company has a fifty day simple moving average of $29.14 and a two-hundred day simple moving average of $26.26. The firm has a market capitalization of $5.37 billion, a P/E ratio of 6.35 and a beta of 1.38. The company has a quick ratio of 0.40, a current ratio of 0.41 and a debt-to-equity ratio of 0.46. CNX Resources has a 52 week low of $19.07 and a 52 week high of $36.96.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, July 25th. The oil and gas producer reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $321.44 million for the quarter, compared to the consensus estimate of $387.46 million. CNX Resources had a net margin of 26.64% and a return on equity of 7.51%. During the same quarter last year, the firm posted $0.29 EPS. Analysts anticipate that CNX Resources will post 1.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Bernard Lanigan, Jr. purchased 75,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $26.81 per share, with a total value of $2,010,750.00. Following the purchase, the director now directly owns 401,820 shares of the company’s stock, valued at approximately $10,772,794.20. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of CNX Resources by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock valued at $46,000 after acquiring an additional 666 shares in the last quarter. Hexagon Capital Partners LLC increased its position in CNX Resources by 113.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 1,136 shares during the period. CWM LLC increased its position in CNX Resources by 77.0% in the 3rd quarter. CWM LLC now owns 2,149 shares of the oil and gas producer’s stock worth $70,000 after buying an additional 935 shares during the period. Natixis bought a new position in CNX Resources in the 1st quarter worth approximately $79,000. Finally, Innealta Capital LLC bought a new position in CNX Resources in the 2nd quarter worth approximately $131,000. 95.16% of the stock is owned by institutional investors.

About CNX Resources

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.