CNX Resources (NYSE:CNX) Given New $36.00 Price Target at Barclays

CNX Resources (NYSE:CNX) had its target price upped by Barclays from $35.00 to $36.00 in a research report report published on Friday morning,Benzinga reports. They currently have an underweight rating on the oil and gas producer’s stock.

A number of other equities analysts have also recently issued reports on CNX. Weiss Ratings raised CNX Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Benchmark reiterated a “hold” rating on shares of CNX Resources in a research report on Thursday, October 29th. Truist Financial lifted their price target on CNX Resources from $34.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, October 29th. Scotiabank assumed coverage on CNX Resources in a report on Wednesday, October 14th. They set a “sector perform” rating and a $34.00 price target on the stock. Finally, Morgan Stanley upped their price target on shares of CNX Resources from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $35.00.

CNX Resources Price Performance

Shares of NYSE:CNX traded up $0.12 during trading on Friday, hitting $36.52. 1,063,207 shares of the company were exchanged, compared to its average volume of 1,660,940. CNX Resources has a 1-year low of $30.77 and a 1-year high of $43.62. The company has a market capitalization of $5.22 billion, a P/E ratio of 6.19 and a beta of 0.61. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $34.98 and its 200-day moving average is $36.38.

Hedge Funds Weigh In On CNX Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its holdings in CNX Resources by 77.2% during the 3rd quarter. Empowered Funds LLC now owns 79,360 shares of the oil and gas producer’s stock worth $2,474,000 after purchasing an additional 34,580 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of CNX Resources during the third quarter worth $443,000. First Trust Advisors LP raised its stake in CNX Resources by 16.6% during the third quarter. First Trust Advisors LP now owns 833,078 shares of the oil and gas producer’s stock worth $25,967,000 after buying an additional 118,613 shares during the last quarter. Private Advisor Group LLC bought a new position in CNX Resources during the third quarter worth $208,000. Finally, Landscape Capital Management L.L.C. raised its stake in CNX Resources by 6.2% during the third quarter. Landscape Capital Management L.L.C. now owns 8,830 shares of the oil and gas producer’s stock worth $275,000 after buying an additional 515 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Company Profile

CNX Resources Corporation is an independent natural gas company headquartered in Canonsburg, Pennsylvania. It explores for, develops and produces natural gas, primarily from shale formations in the Appalachian Basin, including the Marcellus and Utica. The company’s operations are concentrated in Pennsylvania, West Virginia and Ohio. Its natural gas is supplied to markets that serve residential, commercial and industrial customers, as well as electric power generation. CNX traces its roots to the coal industry and the Consolidation Coal Company, founded in the 19th century.