Siebert Williams Shank & Co Remains a Hold on CNX Resources (CNX)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on CNX Resources on February 20 and set a price target of $38.00. The company’s shares closed last Friday at $40.47.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.1% and a 63.49% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources.

CNX Resources has an analyst consensus of Moderate Sell, with a price target consensus of $36.22, which is a -10.50% downside from current levels. In a report released on February 19, Roth MKM also assigned a Hold rating to the stock with a $35.00 price target.

Based on CNX Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $655.18 million and a net profit of $196.25 million. In comparison, last year the company earned a revenue of $327.24 million and had a GAAP net loss of $144.62 million