CNX Resources (CNX) to Release Quarterly Earnings on Thursday

CNX Resources (NYSE:CNXGet Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, April 28th. Analysts expect CNX Resources to post earnings of $0.57 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

CNX Resources (NYSE:CNXGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The oil and gas producer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.18). The business had revenue of $448.00 million for the quarter, compared to analyst estimates of $528.39 million. On average, analysts expect CNX Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:CNX opened at $22.57 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -9.69, a PEG ratio of 0.53 and a beta of 1.36. The firm has a fifty day simple moving average of $18.93 and a two-hundred day simple moving average of $15.93. CNX Resources has a 12 month low of $10.41 and a 12 month high of $23.33.

CNX has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of CNX Resources from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. Truist Financial reduced their price objective on shares of CNX Resources from $16.00 to $15.00 in a report on Friday, January 14th. Finally, StockNews.com started coverage on shares of CNX Resources in a report on Thursday, March 31st. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, CNX Resources has an average rating of “Hold” and a consensus price target of $16.63.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of CNX Resources by 0.3% in the fourth quarter. California State Teachers Retirement System now owns 298,478 shares of the oil and gas producer’s stock valued at $4,104,000 after purchasing an additional 999 shares during the period. Allianz Asset Management GmbH grew its stake in CNX Resources by 17.7% during the fourth quarter. Allianz Asset Management GmbH now owns 42,477 shares of the oil and gas producer’s stock valued at $584,000 after acquiring an additional 6,389 shares in the last quarter. LPL Financial LLC grew its stake in CNX Resources by 10.0% during the fourth quarter. LPL Financial LLC now owns 132,864 shares of the oil and gas producer’s stock valued at $1,827,000 after acquiring an additional 12,090 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in CNX Resources by 4.0% during the fourth quarter. Parametric Portfolio Associates LLC now owns 415,643 shares of the oil and gas producer’s stock valued at $5,715,000 after acquiring an additional 15,861 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in CNX Resources by 1.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,106,097 shares of the oil and gas producer’s stock valued at $15,209,000 after acquiring an additional 19,916 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

CNX Resources Company Profile (Get Rating)

CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane. 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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