CNX CNX Resources Corp

Paradiem LLC has acquired 30,622 shares of CNX Resources Corporation (NYSE:CNX), a new position valued at approximately $984,000 during the third quarter. The oil and gas producer currently has 95.16% institutional ownership, with a mixed but largely negative analyst outlook, holding an average "Reduce" rating and a $34.00 price target. CNX recently surpassed quarterly earnings estimates, reporting $0.46 EPS against an expected $0.37, and a 37.6% year-over-year revenue increase.

CNX Resources recently completed a $122 million convertible note exchange, received a positive outlook upgrade from Moody's, and appointed a new CFO, significantly impacting its financial structure and leadership. Despite the stock trading slightly above analyst targets, it appears undervalued based on an earnings multiple compared to peers. The article suggests exploring the detailed narrative and risks to understand its future potential.

CNX Resources recently completed a debt-for-equity swap, exchanging US$122.1 million of convertible notes for cash and 9.5 million new shares, and announced a CFO transition effective January 1, 2026. This financial restructuring and leadership change are expected to influence investor assessment of CNX's leverage and equity base. The article suggests these shifts could alter the investment narrative, which has previously focused on cash flow, capital discipline, and growth, especially considering the company's reliance on environmental tax credits and attribute revenues.

Analysts have issued neutral ratings for CNX Resources (CNX) and Phillips 66 (PSX), indicating a balanced view on both energy stocks. Roth MKM maintained a Hold rating on CNX Resources with a $30.00 price target, while Piper Sandler also maintained a Hold rating on Phillips 66 with a $171.00 price target. The consensus among analysts ranges from a Moderate Sell for CNX Resources to a Moderate Buy for Phillips 66.

CNX Resources has completed a private exchange of approximately $122.1 million in 2.25% Convertible Senior Notes due 2026 for common stock and cash, signaling a strategic move to manage its debt and align with an aggressive share buyback strategy. The company issued 9,509,188 shares of common stock and paid about $0.8 million in cash. This transaction, conducted as a private placement, follows a period where the stock experienced an 8.4% decline and comes amidst other significant developments like a strong Q3 2025 earnings beat and a positive outlook revision from Moody’s.

Analysts have taken a neutral stance on CNX Resources (CNX) and Phillips 66 (PSX), with ratings indicating neither bullish nor bearish sentiment. Leo Mariani from Roth MKM maintained a Hold rating on CNX Resources with a $30.00 price target, while Ryan Todd from Piper Sandler also maintained a Hold rating on Phillips 66 with a $171.00 price target. The consensus for CNX Resources is a Moderate Sell, and for Phillips 66, it is a Moderate Buy.