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

CNX Resources (NYSE:CNX - Get Free Report) will release 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 participating in the company's earnings conference call can do so using this link.

CNX Resources (NYSE:CNX - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas producer reported $2.89 EPS for the quarter, beating the consensus estimate of $0.30 by $2.59. The business had revenue of $999.50 million for the quarter, compared to analysts' expectations of $401.62 million. CNX Resources had a net margin of 50.34% and a return on equity of 9.00%. The firm's revenue was down 38.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS. 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 Down 0.6 %

CNX traded down $0.14 during trading on Thursday, hitting $23.71. The company had a trading volume of 2,073,770 shares, compared to its average volume of 2,979,098. The company has a market capitalization of $3.63 billion, a PE ratio of 2.61 and a beta of 1.33. CNX Resources has a one year low of $14.36 and a one year high of $24.82. The firm's 50-day moving average price is $22.07 and its 200 day moving average price is $21.34. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

Several brokerages have commented on CNX. Mizuho boosted their price target on shares of CNX Resources from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Bank of America raised shares of CNX Resources from an "underperform" rating to a "neutral" rating and set a $23.00 price target on the stock in a research report on Friday, January 5th. Roth Mkm boosted their price target on shares of CNX Resources from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 2nd. Piper Sandler boosted their price target on shares of CNX Resources from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, March 7th. Finally, Scotiabank boosted their price objective on shares of CNX Resources from $20.00 to $25.00 and gave the stock a "sector underperform" rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $23.86.

Insider Transactions at CNX Resources

In related news, EVP Timothy Scott Bedard sold 1,226 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $20.83, for a total value of $25,537.58. Following the transaction, the executive vice president now owns 67,982 shares in the company, valued at approximately $1,416,065.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning acquired a new position in CNX Resources in the 4th quarter valued at about $210,000. Marshall Wace LLP bought a new stake in CNX Resources in the 4th quarter valued at about $208,000. Toroso Investments LLC boosted its holdings in CNX Resources by 14.6% in the 4th quarter. Toroso Investments LLC now owns 12,253 shares of the oil and gas producer's stock valued at $206,000 after purchasing an additional 1,560 shares during the period. Jefferies Financial Group Inc. bought a new stake in CNX Resources in the 4th quarter valued at about $186,000. Finally, Verition Fund Management LLC bought a new stake in CNX Resources in the 2nd quarter valued at about $182,000. Institutional investors and hedge funds own 95.16% of the company's stock.

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.