CNX Resources Corp (NYSE:CNX) has received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.53.
CNX has been the subject of a number of research reports. ValuEngine upgraded CNX Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. 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 for the company.
Shares of CNX stock traded down $0.12 during mid-day trading on Tuesday, reaching $7.43. The stock had a trading volume of 3,663,004 shares, compared to its average volume of 3,461,239. The firm’s 50 day simple moving average is $7.85 and its 200 day simple moving average is $7.53. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.53. CNX Resources has a one year low of $6.14 and a one year high of $13.63. The firm has a market cap of $1.41 billion, a PE ratio of 4.86 and a beta of 0.59.
Several institutional investors have recently bought and sold shares of CNX. BlackRock Inc. lifted its position in shares of CNX Resources by 26.6% during the 2nd quarter. BlackRock Inc. now owns 22,888,655 shares of the oil and gas producer’s stock worth $167,316,000 after buying an additional 4,816,203 shares during the period. JPMorgan Chase & Co. lifted its position in shares of CNX Resources by 138.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,151,053 shares of the oil and gas producer’s stock worth $22,499,000 after buying an additional 1,829,495 shares during the period. Caymus Capital Partners L.P. bought a new position in shares of CNX Resources during the 2nd quarter worth approximately $7,885,000. Paloma Partners Management Co lifted its position in shares of CNX Resources by 562.0% during the 2nd quarter. Paloma Partners Management Co now owns 1,072,446 shares of the oil and gas producer’s stock worth $7,839,000 after buying an additional 910,448 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in shares of CNX Resources during the 2nd quarter worth approximately $5,657,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
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.
Featured Article: FTSE 100 Index
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.