CNX Resources (CNX) Scheduled to Post Earnings on Thursday

CNX Resources (NYSE:CNX) is set 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

CNX Resources (NYSE:CNX) last released its 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. The firm had revenue of $321.44 million for the quarter, compared to analysts’ expectations of $387.46 million. CNX Resources had a return on equity of 7.51% and a net margin of 26.64%. During the same quarter in the previous year, the business posted $0.29 EPS. 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

Shares of CNX opened at $35.44 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.41 and a debt-to-equity ratio of 0.46. CNX Resources has a twelve month low of $19.07 and a twelve month high of $36.96. The stock has a market capitalization of $5.43 billion, a P/E ratio of 6.42 and a beta of 1.38. The company has a 50 day moving average of $30.11 and a 200-day moving average of $26.66.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNX. Piper Sandler lowered shares of CNX Resources from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $22.00 to $20.00 in a research note on Thursday, August 15th. Capital One Financial cut CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective for the company. in a report on Monday, October 14th. Scotiabank upped their target price on CNX Resources from $25.00 to $27.00 and gave the stock a “sector underperform” rating in a report on Tuesday, August 20th. BMO Capital Markets increased their price target on CNX Resources from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, Truist Financial boosted their price target on CNX Resources from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.10.

Insider Activity at CNX Resources

In other CNX Resources news, Director Bernard Lanigan, Jr. purchased 75,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $26.81 per share, with a total value of $2,010,750.00. Following the acquisition, the director now directly owns 401,820 shares of the company’s stock, valued at $10,772,794.20. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.10% of the stock is owned by company insiders.

CNX Resources Company Profile

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.