Piper Sandler Sticks to Its Sell Rating for CNX Resources (CNX)

In a report released today, Mark Lear from Piper Sandler maintained a Sell rating on CNX Resources, with a price target of $26.00.

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Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum. According to TipRanks, Lear has an average return of 5.1% and a 57.45% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for CNX Resources with a $36.22 average 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.