CNX ResourcesCNX
CNX
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
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]
50% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 40
34% more capital invested
Capital invested by funds: $3.92B [Q2] → $5.25B (+$1.33B) [Q3]
5% more funds holding
Funds holding: 323 [Q2] → 338 (+15) [Q3]
1.28% more ownership
Funds ownership: 105.23% [Q2] → 106.52% (+1.28%) [Q3]
43% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 139
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$23
24%
downside
Avg. target
$32
6%
upside
High target
$37
23%
upside
6 analyst ratings
0 positive
0%
3 neutral
50%
3 negative
50%
TD Cowen Gabe Daoud 38% 1-year accuracy 3 / 8 met price target | 10%downside $27 | Hold Initiated | 15 Jan 2025 |
Mizuho Nitin Kumar 56% 1-year accuracy 41 / 73 met price target | 13%upside $34 | Underperform Maintained | 14 Jan 2025 |
Piper Sandler Mark Lear 54% 1-year accuracy 98 / 181 met price target | 24%downside $23 | Underweight Maintained | 6 Dec 2024 |
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target | 16%upside $35 | Hold Maintained | 6 Dec 2024 |
JP Morgan Zach Parham 75% 1-year accuracy 12 / 16 met price target | 23%upside $37 | Underweight Downgraded | 5 Dec 2024 |
Financial journalist opinion
Based on 8 articles about CNX published over the past 30 days
Neutral
Zacks Investment Research
5 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).
Positive
Zacks Investment Research
5 days ago
Are Investors Undervaluing CNX Resources (CNX) Right Now?
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.
Neutral
PRNewsWire
1 week ago
CNX Resources Corporation Announces Pricing of $200 Million of Additional Senior Notes
PITTSBURGH , Jan. 13, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX," "we," or "our") today announced the pricing of $200.0 million aggregate principal amount of its 7.250% senior notes due 2032 (the "New Notes") at a price of 100.500% of par, plus accrued interest from September 1, 2024, with a yield to worst of 7.104%. The New Notes are being offered as additional notes under that certain indenture, dated February 23, 2014 (the "Indenture"), pursuant to which CNX previously issued $400.0 million aggregate principal amount of 7.250% senior notes due 2032 (the "Initial Notes").
Neutral
PRNewsWire
1 week ago
CNX Resources Corporation Announces Private Offering of $200 Million of Additional Senior Notes
PITTSBURGH , Jan. 13, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX," "we" or "our") today announced that it intends, subject to market and other conditions, to offer and sell in a private placement to eligible purchasers $200.0 million aggregate principal amount of 7.250% senior notes due 2032 (the "New Notes"). The New Notes are being offered as additional notes under that certain indenture, dated February 23, 2024 (the "Indenture"), pursuant to which CNX previously issued $400.0 million aggregate principal amount of 7.250% senior notes due 2032 (the "Initial Notes").
Neutral
PRNewsWire
1 week ago
CNX Resources Corporation Announces Fourth Quarter 2024 Financial Results and Q&A Conference Call Schedule
PITTSBURGH , Jan. 7, 2025 /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q4 2024 at 6:45 a.m. Eastern Time on Thursday, January 30.
Neutral
PRNewsWire
2 weeks ago
CNX Issues Statement on Section 45V Hydrogen Production Tax Credit Implementation Guidance
PITTSBURGH , Jan. 3, 2025 /PRNewswire/ -- Today, in response to the issuance of final rules regarding the Inflation Reduction Act's Section 45V Hydrogen Production Tax Credit, CNX Resources Corporation (NYSE: CNX) released the following statement: "The Department of Treasury's recognition of captured waste coal mine methane (CMM) as a feedstock for hydrogen production is validation of its inherent environmental and economic benefits and an important step in continuing to monetize the value of this unique asset. However, we believe that the final 45V implementation rules are overly restrictive across a range of feedstocks and do not currently appear to create sufficient economic incentives for the Company to expand its CMM capture operations for hydrogen end use.
Positive
Zacks Investment Research
2 weeks ago
Will CNX Resources (CNX) Beat Estimates Again in Its Next Earnings Report?
CNX Resources (CNX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Zacks Investment Research
3 weeks ago
All You Need to Know About CNX Resources (CNX) Rating Upgrade to Buy
CNX Resources (CNX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
PRNewsWire
1 month ago
CNX Announces Strategic Bolt-On Acquisition
PITTSBURGH , Dec. 5, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") announced today it has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II, LLC ("Apex"), a portfolio company of funds managed by Carnelian Energy Capital Management, L.P. ("Carnelian"), in the Appalachian Basin for total cash consideration of approximately $505 million, subject to certain adjustments including an effective date of October 1, 2024.
Neutral
Zacks Investment Research
2 months ago
CNX Resources Q3 Earnings Beat Estimates, Revenues Decline Y/Y
CNX's third-quarter 2024 earnings increase year over year, while revenues decline. However, interest expenses also increase during the same period.
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