CNX Resources (CNX) Scheduled to Post Earnings on Thursday

CNX Resources (NYSE:CNXGet Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect CNX Resources to post earnings of $0.31 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

CNX Resources (NYSE:CNXGet Free Report) last released its quarterly earnings results on Thursday, July 25th. The oil and gas producer reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. CNX Resources had a net margin of 26.64% and a return on equity of 7.51%. The business had revenue of $321.44 million for the quarter, compared to the consensus estimate of $387.46 million. During the same period in the prior year, the company posted $0.29 earnings per share. On average, analysts expect CNX Resources to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CNX Resources Price Performance

NYSE:CNX opened at $35.44 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.40 and a current ratio of 0.41. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 6.42 and a beta of 1.38. CNX Resources has a 52 week low of $19.07 and a 52 week high of $36.96. The firm’s 50-day simple moving average is $30.11 and its 200 day simple moving average is $26.66.

Insider Buying and Selling at CNX Resources

In related news, Director Bernard Lanigan, Jr. purchased 75,000 shares of the stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $26.81 per share, for a total transaction of $2,010,750.00. Following the completion of the acquisition, the director now owns 401,820 shares of the company’s stock, valued at approximately $10,772,794.20. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CNX shares. Stephens reiterated an “equal weight” rating and issued a $27.00 price target on shares of CNX Resources in a research report on Monday, July 15th. Tudor, Pickering, Holt & Co. downgraded CNX Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Tudor Pickering upgraded CNX Resources to a “strong sell” rating in a research report on Tuesday, October 1st. Piper Sandler cut shares of CNX Resources from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $22.00 to $20.00 in a research report on Thursday, August 15th. Finally, Scotiabank raised their target price on shares of CNX Resources from $25.00 to $27.00 and gave the company a “sector underperform” rating in a report on Tuesday, August 20th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.10.

Read Our Latest Stock Analysis on CNX Resources

About CNX Resources

(Get Free Report)

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.

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Earnings History for CNX Resources (NYSE:CNX)

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