CNX Resources (CNX)

• Market cap: $5.41B
• 1 day: 2.57%
• 5 days: -3.59%
• 1 month: -9.62%
• 3 months: 13.71%
• 6 months: 50.79%
• Year to date: 78.13%
• 1 year: 81.52%
• 5 years: 321.02%
• 10 years: 4.86%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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: 470

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

3,816% more call options, than puts

Call options by funds: $250M | Put options by funds: $6.39M

67% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 10 (+4) [Q3]

35% more capital invested

Capital invested by funds: $3.86B [Q2] → $5.21B (+$1.34B) [Q3]

33% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 45

5% more funds holding

Funds holding: 323 [Q2] → 338 (+15) [Q3]

1.89% more ownership

Funds ownership: 103.79% [Q2] → 105.67% (+1.89%) [Q3]

43% less repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 139

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $23 37% downside
• Avg. target: $32 13% downside
• High target: $38 5% upside

7 analyst ratings

• positive: 0 0%
• neutral: 4 57%
• negative: 3 43%

Mizuho Nitin Kumar 19% 1-year accuracy 15 / 79 met price target	5% upside $38	Underperform Downgraded	16 Dec 2024
Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target	37% downside $23	Underweight Maintained	6 Dec 2024
Truist Securities Neal Dingmann 33% 1-year accuracy 47 / 141 met price target	3% downside $35	Hold Maintained	6 Dec 2024
JP Morgan Zach Parham 60% 1-year accuracy 9 / 15 met price target	2% upside $37	Underweight Downgraded	5 Dec 2024
Stephens & Co. Mike Scialla 45% 1-year accuracy 15 / 33 met price target	3% downside $35	Equal-Weight Maintained	25 Oct 2024