CNX Resources Corp (NYSE:CNX) has been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.53.
CNX has been the topic of several research analyst reports. KeyCorp initiated coverage on CNX Resources in a research report on Wednesday, October 9th. They issued a “sector weight” rating and a $7.11 price objective on the stock. ValuEngine raised CNX Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th.
Shares of NYSE:CNX traded down $0.27 during mid-day trading on Friday, hitting $7.66. 186,303 shares of the company traded hands, compared to its average volume of 3,277,277. The stock has a market cap of $1.45 billion, a P/E ratio of 5.00 and a beta of 0.65. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.53. CNX Resources has a 12-month low of $6.14 and a 12-month high of $13.63. The stock has a 50-day moving average price of $7.81 and a two-hundred day moving average price of $7.65.
A number of hedge funds have recently bought and sold shares of CNX. Usca Ria LLC purchased a new position in CNX Resources in the third quarter worth $28,000. Tower Research Capital LLC TRC raised its stake in shares of CNX Resources by 11,406.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,506 shares of the oil and gas producer’s stock valued at $84,000 after buying an additional 11,406 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CNX Resources by 27.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,195 shares of the oil and gas producer’s stock valued at $96,000 after buying an additional 2,851 shares during the period. Advisor Partners LLC raised its stake in shares of CNX Resources by 17.7% in the third quarter. Advisor Partners LLC now owns 14,820 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 2,229 shares during the period. Finally, Weiss Asset Management LP raised its stake in shares of CNX Resources by 34.1% in the second quarter. Weiss Asset Management LP now owns 19,494 shares of the oil and gas producer’s stock valued at $143,000 after buying an additional 4,954 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.
About CNX Resources
CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
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