ValuEngine upgraded shares of CNX Resources (NYSE:CNX) from a strong sell rating to a sell rating in a research note released on Friday morning.
Several other research firms also recently commented on CNX. Zacks Investment Research downgraded CNX Resources from a hold rating to a sell rating in a research report on Wednesday, July 11th. Raymond James reaffirmed a sell rating on shares of CNX Resources in a research report on Thursday, August 30th. Finally, Goldman Sachs Group downgraded CNX Resources from a neutral rating to a sell rating and set a $14.00 target price on the stock. in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. CNX Resources presently has a consensus rating of Hold and a consensus price target of $21.00.
NYSE CNX traded up $0.02 during trading on Friday, reaching $14.16. 2,055,127 shares of the company’s stock were exchanged, compared to its average volume of 3,061,327. The company has a market cap of $3.05 billion, a PE ratio of -88.50 and a beta of 1.03. The company has a quick ratio of 0.65, a current ratio of 0.67 and a debt-to-equity ratio of 0.47. CNX Resources has a fifty-two week low of $11.69 and a fifty-two week high of $18.37.
In other news, Director J. Palmer Clarkson bought 10,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were bought at an average price of $14.90 per share, with a total value of $149,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of CNX. Point72 Asia Hong Kong Ltd bought a new stake in CNX Resources during the first quarter worth $123,000. Sciencast Management LP bought a new stake in CNX Resources during the first quarter worth $174,000. Commonwealth Equity Services LLC lifted its stake in CNX Resources by 61.8% during the first quarter. Commonwealth Equity Services LLC now owns 16,253 shares of the oil and gas producer’s stock worth $250,000 after purchasing an additional 6,205 shares during the last quarter. Strs Ohio bought a new stake in CNX Resources during the second quarter worth $299,000. Finally, Bayesian Capital Management LP bought a new stake in CNX Resources during the first quarter worth $347,000. 95.60% of the stock is currently owned by institutional investors.
CNX Resources Company Profile
CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin. As of December 31, 2017, it had 7.6 trillion cubic feet equivalent of proved natural gas reserves. The company also owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia.
Recommended Story: How Buying a Call Option Works
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.