Piper Sandler analyst Mark Lear maintained a Hold rating on CNX Resources (CNX – Research Report) today and set a price target of $17.00. The company’s shares closed yesterday at $19.81.
Lear covers the Energy sector, focusing on stocks such as Vital Energy, APA, and Coterra Energy. According to TipRanks, Lear has an average return of 0.7% and a 42.77% success rate on recommended stocks.
In addition to Piper Sandler, CNX Resources also received a Hold from J.P. Morgan’s Zach Parham in a report issued on January 12. However, on January 8, Truist Financial maintained a Buy rating on CNX Resources (NYSE: CNX).
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Based on CNX Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $350.51 million and a net profit of $21.38 million. In comparison, last year the company earned a revenue of $117.06 million and had a GAAP net loss of $427.07 million
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CNX Resources (CNX) Company Description:
CNX Resources Corp. is an oil and gas company. The firm engages in the exploration, development, production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin. It operates through the following segments: Marcellus Shale, Coalbed Methane, Utica and Other Gas. The company was founded in 1864 and is headquartered in Canonsburg, PA.
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