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CNX Resources
CNX

$24.29
1.38%
 

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 6,702 funds
0
Analysts bullish %
of 10 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

2,237% more call options, than puts

Call options by funds: $177M | Put options by funds: $7.57M

19% more capital invested

Capital invested by funds: $3.15B [Q4 2023] → $3.75B (+$594M) [Q1 2024]

3.94% more ownership

Funds ownership: 99.26% [Q4 2023] → 103.2% (+3.94%) [Q1 2024]

7% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 46

1% more funds holding

Funds holding: 318 [Q4 2023] → 321 (+3) [Q1 2024]

38% less repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 136

43% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 4 (-3) [Q1 2024]

Research analyst outlook

10 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$17
30%
downside
Avg. target
$24
1%
downside
High target
$30
24%
upside

10 analyst ratings

positive
20%
neutral
70%
negative
10%
Mizuho
Nitin Kumar
19%upside
$29
Neutral
Maintained
13 May 2024
Piper Sandler
Kashy Harrison
9%downside
$22
Neutral
Maintained
19 Apr 2024
Scotiabank
Cameron Bean
3%upside
$25
Sector Underperform
Maintained
11 Apr 2024
Mizuho
Nitin Kumar
3%upside
$25
Neutral
Maintained
11 Apr 2024
Truist Securities
Bertrand Hodee
24%upside
$30
Buy
Maintained
5 Apr 2024

Financial journalist opinion