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

CNX Resources (NYSE:CNX) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect CNX Resources to post earnings of $0.41 per share for the quarter. Persons interested in listening 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 25th. The oil and gas producer reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $2.59. CNX Resources had a net margin of 50.34% and a return on equity of 9.00%. The firm had revenue of $999.50 million for the quarter, compared to analyst estimates of $401.62 million. During the same quarter in the prior year, the firm earned $1.64 EPS. The company’s revenue was down 38.9% on a year-over-year basis. 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 Up 0.1 %

Shares of NYSE:CNX opened at $23.85 on Thursday. CNX Resources has a 12 month low of $14.36 and a 12 month high of $24.82. The company’s 50-day moving average price is $22.00 and its two-hundred day moving average price is $21.32. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.43. The firm has a market cap of $3.65 billion, a P/E ratio of 2.62 and a beta of 1.33.

Insider Activity at CNX Resources

In related news, EVP Timothy Scott Bedard sold 1,226 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $20.83, for a total value of $25,537.58. Following the sale, the executive vice president now directly owns 67,982 shares in the company, valued at approximately $1,416,065.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.65% of the stock is currently owned by corporate insiders.

Institutional Trading of CNX Resources

Hedge funds have recently bought and sold shares of the stock. Creative Planning acquired a new stake in CNX Resources during the 4th quarter worth approximately $210,000. Marshall Wace LLP acquired a new stake in CNX Resources during the 4th quarter worth approximately $208,000. Toroso Investments LLC raised its holdings in CNX Resources by 14.6% during the 4th quarter. Toroso Investments LLC now owns 12,253 shares of the oil and gas producer’s stock worth $206,000 after buying an additional 1,560 shares during the period. Jefferies Financial Group Inc. acquired a new stake in CNX Resources during the 4th quarter worth approximately $186,000. Finally, Verition Fund Management LLC acquired a new stake in shares of CNX Resources in the second quarter valued at approximately $182,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Roth Mkm raised their target price on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Mizuho raised their target price on shares of CNX Resources from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Piper Sandler raised their target price on shares of CNX Resources from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Finally, Bank of America raised shares of CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.86.

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.