CNX Resources (CNX) Projected to Post Earnings on Thursday

CNX Resources (NYSE:CNX - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.59 per share and revenue of $512.90 million for the quarter.

CNX Resources (NYSE:CNX - Get Free Report) last issued its quarterly earnings results 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 negative net margin of 7.14% and a positive return on equity of 6.72%. 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 NYSE:CNX traded up $0.34 during trading on Tuesday, hitting $30.31. 2,028,500 shares of the stock traded hands, compared to its average volume of 2,674,126. 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 company has a fifty day moving average price of $30.32 and a two-hundred day moving average price of $33.18. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -44.57, a P/E/G ratio of 0.42 and a beta of 1.33.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CNX shares. Scotiabank upgraded shares of CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price target for the company in a research report on Friday, April 11th. Roth Capital set a $30.00 price target on shares of CNX Resources in a research note on Thursday, January 23rd. Morgan Stanley restated an "underweight" rating and issued a $31.00 target price on shares of CNX Resources in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price target on CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, March 13th. Finally, Stephens raised shares of CNX Resources from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $35.00 to $48.00 in a research note on Tuesday, March 18th. Eight research 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 MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $31.17.

About CNX Resources

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.