Q1 EPS Estimates for CNX Resources Lifted by Analyst

CNX Resources Co. (NYSE:CNX) – Investment analysts at Capital One Financial increased their Q1 2025 EPS estimates for shares of CNX Resources in a report released on Monday, December 16th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings of $0.56 per share for the quarter, up from their prior estimate of $0.49. Capital One Financial has a “Equal Weight” rating and a $25.00 price objective on the stock. The consensus estimate for CNX Resources’ current full-year earnings is $1.54 per share. Capital One Financial also issued estimates for CNX Resources’ Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.57 EPS, FY2025 earnings at $2.22 EPS and FY2026 earnings at $2.85 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, topping the consensus estimate of $0.32 by $0.09. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. The company had revenue of $424.21 million during the quarter, compared to the consensus estimate of $398.33 million. During the same period in the previous year, the firm posted $0.35 earnings per share.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut CNX Resources from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $31.00 to $37.00 in a research report on Thursday, December 5th. Stephens lifted their price objective on shares of CNX Resources from $26.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Bank of America started coverage on shares of CNX Resources in a report on Monday, October 28th. They issued an “underperform” rating and a $34.00 target price for the company. Mizuho lowered shares of CNX Resources from a “neutral” rating to an “underperform” rating and raised their price target for the company from $33.00 to $38.00 in a research report on Monday, December 16th. Finally, Truist Financial upped their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Eight research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, CNX Resources has a consensus rating of “Reduce” and an average price target of $30.50.

CNX Resources Stock Performance

Shares of CNX opened at $36.25 on Thursday. The firm has a market capitalization of $5.41 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.85 and a beta of 1.43. CNX Resources has a 52 week low of $19.07 and a 52 week high of $41.93. The stock has a 50 day moving average price of $37.39 and a two-hundred day moving average price of $30.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.37.

Institutional Investors Weigh In On CNX Resources

Several large investors have recently modified their holdings of the stock. World Investment Advisors LLC bought a new position in CNX Resources during the third quarter valued at $534,000. Geode Capital Management LLC lifted its position in shares of CNX Resources by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,602,837 shares of the oil and gas producer’s stock valued at $117,366,000 after buying an additional 12,333 shares during the last quarter. M&T Bank Corp lifted its position in shares of CNX Resources by 25.4% during the 3rd quarter. M&T Bank Corp now owns 18,057 shares of the oil and gas producer’s stock valued at $588,000 after buying an additional 3,663 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of CNX Resources during the 3rd quarter worth $212,000. Finally, XTX Topco Ltd purchased a new stake in CNX Resources in the 3rd quarter worth about $804,000. Hedge funds and other institutional investors own 95.16% 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.