In a report released yesterday, Biju Perincheril from Susquehanna reiterated a Hold rating on CNX Resources Corporation (NYSE: CNX), with a price target of $18. The company’s shares closed on Friday at $15.79.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 14.4% and a 62.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and California Resources.
Currently, the analyst consensus on CNX Resources Corporation is a Hold with an average price target of $19.50.
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Based on CNX Resources Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $42.01 million. In comparison, last year the company had a net profit of $170 million.
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CNX Resources Corp. is an oil and natural gas company. It is engaged in the exploration, production, gathering, processing, and acquisition of oil, gas, and coal. The firm operates through the following segments: Marcellus Shale, Coalbed Methane, Utica Shale, and Other Gas. The The company was founded in 1864 and is headquartered in Canonsburg, PA.
