CNX Resources
About: CNX Resources Corp is an independent low carbon intensity natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.
Employees: 458
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
148% more call options, than puts
Call options by funds: $393M | Put options by funds: $159M
89% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 35
8% more capital invested
Capital invested by funds: $5.25B [Q3] → $5.66B (+$411M) [Q4]
6% more funds holding
Funds holding: 339 [Q3] → 360 (+21) [Q4]
2.96% less ownership
Funds ownership: 106.52% [Q3] → 103.55% (-2.96%) [Q4]
20% less funds holding in top 10
Funds holding in top 10: 10 [Q3] → 8 (-2) [Q4]
27% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 139
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
25%
downside
Avg. target
$31
5%
upside
High target
$37
25%
upside
5 analyst ratings
0 positive
0%
2 neutral
40%
3 negative
60%
Piper Sandler Mark Lear 47% 1-year accuracy 82 / 174 met price target | 25%downside $22 | Underweight Maintained | 29 Jan 2025 |
TD Cowen Gabe Daoud 13% 1-year accuracy 1 / 8 met price target | 8%downside $27 | Hold Initiated | 15 Jan 2025 |
Mizuho Nitin Kumar 49% 1-year accuracy 35 / 71 met price target | 15%upside $34 | Underperform Maintained | 14 Jan 2025 |
Truist Securities Neal Dingmann 41% 1-year accuracy 63 / 153 met price target | 19%upside $35 | Hold Maintained | 6 Dec 2024 |
JP Morgan Zach Parham 59% 1-year accuracy 10 / 17 met price target | 25%upside $37 | Underweight Downgraded | 5 Dec 2024 |
Financial journalist opinion
Based on 16 articles about CNX published over the past 30 days
Neutral
CNBC Television
2 days ago
Final Trades: Garmin, Alphabet, ServiceNow and CNX Resources
The Investment Committee give you their top stocks to watch for the second half.
Neutral
Zacks Investment Research
4 days ago
CNX vs. CRK: Which Stock Is the Better Value Option?
Investors looking for stocks in the Oil and Gas - Exploration and Production - United States sector might want to consider either CNX Resources Corporation. (CNX) or Comstock Resources (CRK).
Neutral
Zacks Investment Research
1 week ago
CNX Resources (CNX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for CNX Resources (CNX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Neutral
PRNewsWire
1 week ago
CNX Foundation to Take on School Lunch Debt, Local Veterans' Needs, and Other Socio-Economic Hardships of Residents and Families in Operating Communities
Company and Foundation Expanding Unique Appalachia First Micro-Targeted Approach to Tangible, Impactful, Local Community Investments PITTSBURGH , Feb. 12, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX), President and CEO Nick Deiuliis, and the CNX Foundation today announced they have commenced a new campaign to erase school lunch debt, support local veterans, and address essential needs of families in the region as part of the Company's Appalachia First strategic vision. Eschewing the typical corporate practice of providing donations to large non-profit organizations, CNX's distinctive philanthropic approach prioritizes hyper-localized investments directly targeting individuals and entities most in need.
Negative
Seeking Alpha
1 week ago
CNX Resources: Headwinds From Underwater Hedges
CNX Resources' stock has dropped 28% since my December 1st sell recommendation, driven by deflated optimism around New Technologies and unfavorable Treasury rulings on 45V tax credits. CNX's extensive hedging strategy, with 85% of 2025 production hedged, limits cash flow upside in a rising natural gas price environment, posing a significant headwind. Despite the Treasury's restrictive 45V tax credit rules, CNX's New Technologies unit's contribution to free cash flow is now more predictable, reducing downside risks.
Neutral
Zacks Investment Research
3 weeks ago
CNX or CRK: Which Is the Better Value Stock Right Now?
Investors with an interest in Oil and Gas - Exploration and Production - United States stocks have likely encountered both CNX Resources Corporation. (CNX) and Comstock Resources (CRK).
Positive
Zacks Investment Research
3 weeks ago
Should Value Investors Buy CNX Resources (CNX) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
3 weeks ago
Why CNX Resources Corporation. (CNX) is a Top Value Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Neutral
Seeking Alpha
3 weeks ago
CNX Resources Corporation (CNX) Q4 2024 Earnings Conference Call Transcript
CNX Resources Corporation (NYSE:CNX ) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET Company Participants Tyler Lewis - Vice President, Investor Relations Ravi Srivastava - President, New Technologies Alan Shepard - Chief Financial Officer Nicholas DeIuliis - President and Chief Executive Officer Navneet Behl - Chief Operating Officer Conference Call Participants Gabriel Daoud - TD Cowen Zachary Parham - JPMorgan Leo Mariani - ROTH Capital Partners Bertrand Donnes - Truist Securities Michael Scialla - Stephens Inc. Noah Hungness - Bank of America Jacob Roberts - Tudor, Pickering, Holt Operator Good morning, and welcome to the CNX Resources Fourth Quarter 2024 Q&A Conference Call. All participants will be in listen-only mode.
Neutral
Zacks Investment Research
3 weeks ago
CNX Resources Q4 Earnings Beat Estimates, Revenues Increase Y/Y
CNX's fourth-quarter 2024 earnings decrease year over year, while revenues increase. Interest expenses also decrease during the same period.
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