CNX Resources Corporation. $CNX Stock Position Raised by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. increased its stake in CNX Resources Corporation. (NYSE:CNX) by 3.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 410,579 shares of the oil and gas producer’s stock after acquiring an additional 13,574 shares during the quarter. CNX Resources makes up 1.5% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 28th largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in CNX Resources were worth $13,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of CNX Resources by 5,262.2% in the 2nd quarter. Mackenzie Financial Corp now owns 555,473 shares of the oil and gas producer’s stock valued at $18,708,000 after purchasing an additional 545,114 shares during the period. AQR Capital Management LLC lifted its stake in CNX Resources by 112.2% during the second quarter. AQR Capital Management LLC now owns 1,007,486 shares of the oil and gas producer’s stock valued at $33,932,000 after buying an additional 532,770 shares in the last quarter. HRT Financial LP lifted its stake in CNX Resources by 212.9% during the second quarter. HRT Financial LP now owns 306,803 shares of the oil and gas producer’s stock valued at $10,333,000 after buying an additional 208,758 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of CNX Resources by 16.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,400,000 shares of the oil and gas producer’s stock worth $47,152,000 after buying an additional 200,000 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of CNX Resources by 119.7% in the second quarter. Schroder Investment Management Group now owns 347,645 shares of the oil and gas producer’s stock worth $11,709,000 after acquiring an additional 189,428 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNX has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of CNX Resources from an “underweight” rating to a “neutral” rating and upped their price target for the company from $36.00 to $38.00 in a research report on Monday, December 8th. Roth Mkm set a $35.00 target price on CNX Resources and gave the company a “neutral” rating in a report on Thursday, January 29th. Zacks Research downgraded CNX Resources from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Barclays upped their price target on CNX Resources from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, January 30th. Finally, Morgan Stanley increased their price objective on CNX Resources from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $36.00.

CNX Resources Trading Up 1.4%

CNX Resources stock opened at $39.93 on Thursday. CNX Resources Corporation. has a 12 month low of $27.68 and a 12 month high of $42.13. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.38 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.41 and a beta of 0.66. The company’s fifty day simple moving average is $37.65 and its 200-day simple moving average is $34.11.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.94. CNX Resources had a return on equity of 9.29% and a net margin of 28.28%.The firm had revenue of $610.48 million during the quarter, compared to analysts’ expectations of $422.65 million. During the same quarter last year, the firm earned ($0.97) earnings per share. The business’s revenue for the quarter was up 347.0% on a year-over-year basis. As a group, sell-side analysts forecast that CNX Resources Corporation. will post 2.18 EPS for the current fiscal year.

CNX Resources Company Profile

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.