CNX Resources (CNX) Set to Announce Quarterly 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. Parties that wish to register for the company’s conference call can do so using this link.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas producer reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. The company had revenue of $321.44 million during the quarter, compared to analyst estimates 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 firm earned $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 Stock Performance

NYSE:CNX opened at $35.36 on Thursday. The business has a 50 day moving average of $29.55 and a 200 day moving average of $26.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.41 and a quick ratio of 0.40. CNX Resources has a 1-year low of $19.07 and a 1-year high of $36.96. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 6.40 and a beta of 1.38.

Insider Buying and Selling

In other CNX Resources news, Director Bernard Lanigan, Jr. purchased 75,000 shares of CNX Resources stock in a transaction dated Monday, September 9th. The stock was purchased at an average price of $26.81 per share, with a total value of $2,010,750.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CNX shares. StockNews.com cut CNX Resources from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Tudor, Pickering, Holt & Co. downgraded CNX Resources from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Mizuho boosted their target price on shares of CNX Resources from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Monday. Capital One Financial lowered shares of CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 price target for the company. in a research note on Monday. Finally, Truist Financial boosted their price objective on shares of CNX Resources from $31.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, CNX Resources presently has a consensus rating of “Hold” and an average target price of $27.10.

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.