CNX Resources (CNX) Projected to Post Quarterly Earnings on Thursday

CNX Resources (NYSE:CNX) is expected to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect CNX Resources to post earnings of $0.59 per share and revenue of $512.90 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. CNX Resources had a positive return on equity of 6.72% and a negative net margin of 7.14%. On average, analysts expect CNX Resources to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CNX Resources Stock Performance

Shares of CNX Resources stock opened at $30.85 on Thursday. The firm has a market cap of $4.54 billion, a PE ratio of -45.37, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.45. CNX Resources has a 52 week low of $22.82 and a 52 week high of $41.93. The business’s fifty day simple moving average is $30.30 and its 200-day simple moving average is $33.26.

Analyst Ratings Changes

CNX has been the topic of a number of recent analyst reports. Roth Capital set a $30.00 target price on shares of CNX Resources in a research report on Thursday, January 23rd. Scotiabank upgraded shares of CNX Resources from a “sector underperform” rating to a “sector perform” rating and set a $33.00 price objective on the stock in a report on Friday, April 11th. StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. TD Cowen assumed coverage on CNX Resources in a research note on Wednesday, January 15th. They set a “hold” rating and a $27.00 price target on the stock. Finally, Mizuho lifted their price objective on CNX Resources from $34.00 to $35.00 and gave the company an “underperform” rating in a research note on Monday, April 7th. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, CNX Resources has an average rating of “Hold” and an average price target of $31.25.

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.