CNX Resources (NYSE:CNX) Earns “Hold (C-)” Rating from Weiss Ratings

by · The Cerbat Gem

CNX Resources (NYSE:CNX – Get Free Report)‘s stock had its “hold (c-)” rating reissued by Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

CNX has been the topic of several other research reports. Barclays cut their target price on CNX Resources from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. TD Cowen upgraded CNX Resources to a “hold” rating in a research note on Monday, July 7th. Scotiabank boosted their target price on CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Zacks Research cut CNX Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Siebert Williams Shank initiated coverage on CNX Resources in a research note on Monday, September 15th. They set a “hold” rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, CNX Resources has an average rating of “Reduce” and a consensus price target of $32.50.

Get Our Latest Stock Report on CNX

CNX Resources Trading Up 1.7%

NYSE CNX opened at $32.41 on Tuesday. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 0.29 and a beta of 0.55. The stock’s 50 day moving average price is $30.39 and its two-hundred day moving average price is $31.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. CNX Resources has a 52 week low of $27.00 and a 52 week high of $41.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CNX. State of Wyoming acquired a new position in shares of CNX Resources during the 2nd quarter worth approximately $29,000. Ameritas Advisory Services LLC acquired a new position in CNX Resources in the 2nd quarter valued at $32,000. Elevation Point Wealth Partners LLC acquired a new position in CNX Resources in the 2nd quarter valued at $46,000. Sound Income Strategies LLC acquired a new position in CNX Resources in the 1st quarter valued at $63,000. Finally, EverSource Wealth Advisors LLC grew its holdings in CNX Resources by 393.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,925 shares of the oil and gas producer’s stock valued at $65,000 after buying an additional 1,535 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

About CNX Resources

(Get Free Report)

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.

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