Roth Capital Forecasts Stronger Earnings for CNX Resources

CNX Resources Co. (NYSE:CNX) – Analysts at Roth Capital upped their Q1 2025 earnings estimates for shares of CNX Resources in a note issued to investors on Thursday, December 5th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will earn $0.42 per share for the quarter, up from their previous estimate of $0.39. The consensus estimate for CNX Resources’ current full-year earnings is $1.53 per share. Roth Capital also issued estimates for CNX Resources’ Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.37 EPS and FY2025 earnings at $1.50 EPS.

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

CNX has been the subject of a number of other research reports. Tudor, Pickering, Holt & Co. lowered shares of CNX Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Capital One Financial lowered CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 price target for the company. in a research note on Monday, October 14th. JPMorgan Chase & Co. lowered CNX Resources from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $31.00 to $37.00 in a report on Thursday. Bank of America started 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. Finally, Truist Financial upped their price target on shares of CNX Resources from $34.00 to $35.00 and gave the company a “hold” rating in a report on Friday. Seven equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $30.00.

CNX Resources Price Performance

Shares of CNX opened at $36.82 on Friday. CNX Resources has a one year low of $19.07 and a one year high of $41.93. The stock’s fifty day moving average is $36.73 and its 200-day moving average is $29.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.37. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.93 and a beta of 1.43.

Institutional Trading of CNX Resources

Several institutional investors have recently made changes to their positions in CNX. GAMMA Investing LLC boosted its stake in shares of CNX Resources by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock valued at $46,000 after buying an additional 666 shares during the period. QRG Capital Management Inc. increased its position in CNX Resources by 13.8% in the 2nd quarter. QRG Capital Management Inc. now owns 190,498 shares of the oil and gas producer’s stock worth $4,629,000 after purchasing an additional 23,069 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of CNX Resources during the 2nd quarter worth about $749,000. Neo Ivy Capital Management acquired a new stake in shares of CNX Resources during the 2nd quarter valued at about $805,000. Finally, Tributary Capital Management LLC grew its stake in shares of CNX Resources by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 901,940 shares of the oil and gas producer’s stock valued at $21,917,000 after buying an additional 2,535 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CNX Resources

In other CNX Resources news, Director Bernard Lanigan, Jr. bought 75,000 shares of the stock in a transaction on Monday, September 9th. The shares were bought at an average price 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 in the company, valued at $10,772,794.20. The trade was a 22.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by insiders.

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.