Does CNX Resources (NYSE:CNX) Look Attractive Now? MKM Partners Initiates Coverage

CNX Resources Corporation (NYSE:CNX) Logo

Investors sentiment increased to 2 in 2018 Q2. Its up 1.75, from 0.25 in 2018Q1. It increased, as 1 investors sold CNX Resources Corporation shares while 0 reduced holdings. 2 funds opened positions while 0 raised stakes. 23,474 shares or 3382.79% more from 674 shares in 2018Q1 were reported.

Callahan Advsrs Ltd Company holds 0.08% or 22,600 shares in its portfolio. Gemmer Asset Management Limited Liability Corp invested 0% of its portfolio in CNX Resources Corporation (NYSE:CNX). Whittier Co owns 300 shares.

Since August 16, 2018, it had 1 buying transaction, and 0 selling transactions for $148,980 activity.

Why Has MKM Partners Given CNX Resources (NYSE:CNX) a $19 Price Target

The firm MKM Partners has today has begun coverage on CNX Resources (NYSE:CNX) shares, with a “Buy” rating, while setting the target at $19.

CNX Resources Corporation (NYSE:CNX) Ratings Coverage

Among 2 analysts covering CNX Resources (NYSE:CNX), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. CNX Resources had 2 analyst reports since August 6, 2018 according to SRatingsIntel. As per Monday, August 6, the company rating was downgraded by Raymond James. The company was downgraded on Tuesday, September 11 by Goldman Sachs.

The stock decreased 0.73% or $0.1 during the last trading session, reaching $13.53. About 3.39M shares traded or 14.55% up from the average. CNX Resources Corporation (NYSE:CNX) has risen 14.43% since December 7, 2017 and is uptrending. It has underperformed by 1.19% the S&P500.

Analysts await CNX Resources Corporation (NYSE:CNX) to report earnings on January, 29. They expect $0.27 earnings per share, up 440.00 % or $0.22 from last year’s $0.05 per share. CNX’s profit will be $54.98 million for 12.53 P/E if the $0.27 EPS becomes a reality. After $0.17 actual earnings per share reported by CNX Resources Corporation for the previous quarter, Wall Street now forecasts 58.82 % EPS growth.

CONSOL Energy Inc., together with its subsidiaries, operates as an integrated energy firm in the United States and internationally. The company has market cap of $2.76 billion. The firm primarily operates through two divisions, Exploration and Production , and Pennsylvania (PA) Mining Operations. It has a 3.08 P/E ratio. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.

More news for CNX Resources Corporation (NYSE:CNX) were recently published by:, which released: “CNX Resources: Underperformance Is Now A Choice – Seeking Alpha” on April 23, 2018.‘s article titled: “Einhorn’s Greenlight Capital Enters Michael Kors (KORS), Seadrill (SDRL); Cuts GM (GM), Liquidates Apple (AAPL) –” and published on November 14, 2018 is yet another important article.

CNX Resources Corporation (NYSE:CNX) Ratings Chart

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