CNX Resources (CNX) Gets a Hold from Siebert Williams Shank & Co

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on CNX Resources on February 27 and set a price target of $38.00. The company’s shares closed last Friday at $41.78.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.4% and a 66.39% success rate. Sorbara covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Ovintiv.

Currently, the analyst consensus on CNX Resources is a Moderate Sell with an average price target of $36.22, which is a -13.31% downside from current levels. In a report released on February 27, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $42.00 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

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNX in relation to earlier this year. Last month, Bernard Lanigan, a Director at CNX sold 46,119.00 shares for a total of $1,871,970.21.