Siebert Williams Shank & Co Keeps Their Hold Rating on CNX Resources (CNX)

In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Hold rating on CNX Resources, with a price target of $32.00. The company’s shares closed last Friday at $32.00.

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Sorbara covers the Energy sector, focusing on stocks such as Vital Energy, Chord Energy, and Expand Energy. According to TipRanks, Sorbara has an average return of 25.1% and a 60.21% success rate on recommended stocks.

Currently, the analyst consensus on CNX Resources is a Hold with an average price target of $31.50, which is a -1.56% downside from current levels. In a report released on October 10, Mizuho Securities also maintained a Hold rating on the stock with a $35.00 price target.

Based on CNX Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $962.42 million and a net profit of $432.52 million. In comparison, last year the company earned a revenue of $307.35 million and had a GAAP net loss of $18.26 million