FMP
Jan 24, 2025
CNX Resources Corporation (NYSE:CNX) is a key player in the natural gas industry, focusing on the exploration, development, and production of natural gas in the Appalachian Basin. As of January 23, 2025, Leo Mariani from Roth Capital set a price target of $30 for CNX, while the stock was trading at $28.50. This suggests a potential upside of approximately 5.26%.
Analysts from Zacks Investment Research expect CNX to report a decline in earnings for the quarter ending December 2024, despite an increase in revenues. The earnings report, scheduled for January 30, 2025, could significantly impact CNX's stock price. If earnings exceed expectations, the stock might rise. However, if earnings fall short, a decline is possible.
Currently, CNX's stock price is $28.50, reflecting a decrease of 2.56% with a change of $0.75. The stock has fluctuated between $28.38 and $29.33 today. Over the past year, CNX has seen a high of $41.93 and a low of $19.07, indicating significant volatility in its stock price.
CNX's market capitalization is approximately $4.25 billion, reflecting its size and presence in the industry. The trading volume on the NYSE is 3,778,230 shares, indicating active investor interest. The management's discussion during the upcoming earnings call will be crucial in assessing the sustainability of any immediate price changes and future earnings projections.
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