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In a recent transaction, Clarkson J. Palmer, a director at CNX Resources Corp (NYSE:CNX), purchased 10,000 common shares of the company on May 12, 2025. The shares were acquired at an average price of $31.2009 each, amounting to a total transaction value of $312,009. According to InvestingPro data, the stock currently trades near $31, with analysis suggesting the shares are undervalued based on their Fair Value assessment. Following this purchase, Palmer now holds 245,433 shares directly, which includes 6,762 restricted stock units and 44,998 deferred stock units. This acquisition reflects Palmer’s continued investment in the company, which InvestingPro analysis shows has achieved strong returns over the past five years despite current challenges. While not profitable over the last twelve months, analysts expect CNX to return to profitability this year. For deeper insights into CNX’s financial health and growth prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, CNX Resources reported a significant miss in its Q1 2025 earnings, with earnings per share (EPS) at -1.34, falling short of the anticipated 0.61. Despite this, the company achieved a revenue of 551.09 million dollars, surpassing the forecast of 517.08 million. The company continued its strategic initiatives, maintaining a robust share buyback program with 125 million dollars in Q1 2025. Additionally, the Apex acquisition wells outperformed expectations, highlighting operational strengths. Analysts from firms such as JPMorgan and ROTH Capital Partners (WA:CPAP) expressed interest in CNX’s production plans and financial strategies, particularly regarding cash taxes and share buybacks. The company reaffirmed its focus on free cash flow per share, while anticipating a production lull in Q3 with additional wells planned for Q4. CNX Resources remains committed to its strategic focus, despite market volatility and fluctuating gas prices.
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