NYSE:CNXCNX Resources Stock Price, Forecast & News

$10.28

+0.31 (+3.11 %)

(As of 05/29/2020 02:49 PM ET)

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Today's Range

$9.71

Now: $10.28▼

$10.33

50-Day Range

$8.34

MA: $10.43▼

$12.93

52-Week Range

$4.26

Now: $10.28▼

$14.19

Volume6.24 million shs

Average Volume4.31 million shs

Market Capitalization$1.92 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.64

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 539,000 net Marcellus Shale acres; and 627,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 968,000 in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. It also owns rights to extract coalbed methane (CBM) in Virginia from approximately 308,000 net CBM acres, as well as 210,000 net CBM acres in West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. The Midstream division owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. The company also offers gas gathering and water delivery solutions to third-parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
CNX Resources has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.19, CNX Resources has a potential upside of 18.5% from its current price of $10.28.
Amount of Analyst Coverage
CNX Resources has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
CNX Resources has received 791 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CNX Resources has received 549 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CNX Resources has received 59.03% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CNX Resources and other stocks. Vote “Outperform” if you believe CNX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CNX will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
CNX Resources does not currently pay a dividend.
Dividend Growth
CNX Resources does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CNX Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.00% of the stock of CNX Resources is held by insiders.
Percentage Held by Institutions
93.11% of the stock of CNX Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for CNX Resources are expected to grow by 8.70% in the coming year, from $0.23 to $0.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CNX Resources is -5.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of CNX Resources is -5.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
CNX Resources has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.69 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryCoal & Consumable Fuels

SectorOils/Energy

Current SymbolNYSE:CNX

Previous Symbol

CUSIP20854P10

CIK1070412

Webwww.cnx.com

Phone724-485-4000

Debt

Debt-to-Equity Ratio0.59

Current Ratio1.17

Quick Ratio1.15

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio44.70

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.92 billion

Price / Sales1.00

Cash Flow$3.03 per share

Price / Cash Flow3.39

Book Value$24.83 per share

Price / Book0.41

Profitability

EPS (Most Recent Fiscal Year)$0.26

Net Income$-80,730,000.00

Net Margins-15.65%

Return on Equity1.18%

Return on Assets0.65%

Miscellaneous

Employees564

Outstanding Shares187,060,000

Market Cap$1.92 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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CNX Resources (NYSE:CNX) Frequently Asked Questions

How has CNX Resources' stock been impacted by COVID-19 (Coronavirus)?

CNX Resources' stock was trading at $5.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CNX shares have increased by 101.2% and is now trading at $10.28. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CNX Resources?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for CNX Resources.

When is CNX Resources' next earnings date?

CNX Resources is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for CNX Resources.

How were CNX Resources' earnings last quarter?

CNX Resources Corp (NYSE:CNX) posted its quarterly earnings data on Monday, April, 27th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.11 by $0.50. The oil and gas producer earned $416.30 million during the quarter, compared to analyst estimates of $407.17 million. CNX Resources had a negative net margin of 15.65% and a positive return on equity of 1.18%. CNX Resources's revenue was up 49.5% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. View CNX Resources' earnings history.

What price target have analysts set for CNX?

7 brokers have issued 12-month price objectives for CNX Resources' shares. Their forecasts range from $7.11 to $17.00. On average, they expect CNX Resources' share price to reach $12.19 in the next year. This suggests a possible upside of 18.5% from the stock's current price. View analysts' price targets for CNX Resources.

Has CNX Resources been receiving favorable news coverage?

News articles about CNX stock have been trending negative on Friday, InfoTrie reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. CNX Resources earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave media headlines about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCNX Resources.

Are investors shorting CNX Resources?

CNX Resources saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 22,570,000 shares, an increase of 21.9% from the April 30th total of 18,520,000 shares. Based on an average trading volume of 6,520,000 shares, the short-interest ratio is presently 3.5 days. Approximately 12.3% of the shares of the stock are sold short. View CNX Resources' Current Options Chain.

Who are some of CNX Resources' key competitors?

Some companies that are related to CNX Resources include Warrior Met Coal (HCC), Arch Coal (ARCH), Uranium Energy (UEC), Hallador Energy (HNRG), Cloud Peak Energy (CLDPQ), KiOR (KIORQ) and Uranerz Energy (URZ). View all competitors.

What other stocks do shareholders of CNX Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CNX Resources investors own include Bank of America (BAC), Freeport-McMoRan (FCX), Chesapeake Energy (CHK), Kinder Morgan (KMI), Advanced Micro Devices (AMD), Gilead Sciences (GILD), Marathon Oil (MRO), Ford Motor (F), General Electric (GE) and Micron Technology (MU).

Who are CNX Resources' key executives?

CNX Resources' management team includes the following people:

Mr. Nicholas J. DeIuliis, Pres, CEO & Director (Age 50)
Mr. Donald W. Rush, Exec. VP & CFO (Age 36)
Mr. Timothy C. Dugan, Exec. VP & COO (Age 57)
Mr. Stephen W. Johnson Esq., Exec. VP & Chief Legal Officer (Age 60)
Mr. Jason Mumford, Chief Accounting Officer, Controller & VP (Age 39)

What is CNX Resources' stock symbol?

CNX Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNX."

Who are CNX Resources' major shareholders?

CNX Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Southeastern Asset Management Inc. TN (25.82%), BlackRock Inc. (11.63%), State Street Corp (6.94%), Bank of New York Mellon Corp (1.45%), Geode Capital Management LLC (1.41%) and JPMorgan Chase & Co. (0.94%). Company insiders that own CNX Resources stock include Bernard Lanigan, Jr and J Palmer Clarkson. View institutional ownership trends for CNX Resources.

Which major investors are selling CNX Resources stock?

CNX stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Southeastern Asset Management Inc. TN, UBS Group AG, Quaker Capital Investments LLC, Parametric Portfolio Associates LLC, JPMorgan Chase & Co., BlackRock Inc., and Morgan Stanley. View insider buying and selling activity for CNX Resources.

Which major investors are buying CNX Resources stock?

CNX stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Parkwood LLC, Connor Clark & Lunn Investment Management Ltd., Grantham Mayo Van Otterloo & Co. LLC, Balyasny Asset Management LLC, Aperio Group LLC, Geode Capital Management LLC, and Southeast Asset Advisors Inc.. Company insiders that have bought CNX Resources stock in the last two years include Bernard Lanigan, Jr, and J Palmer Clarkson. View insider buying and selling activity for CNX Resources.

How do I buy shares of CNX Resources?

Shares of CNX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CNX Resources' stock price today?

One share of CNX stock can currently be purchased for approximately $10.28.

How big of a company is CNX Resources?

CNX Resources has a market capitalization of $1.92 billion and generates $1.92 billion in revenue each year. The oil and gas producer earns $-80,730,000.00 in net income (profit) each year or $0.26 on an earnings per share basis. CNX Resources employs 564 workers across the globe.

What is CNX Resources' official website?

The official website for CNX Resources is www.cnx.com.

How can I contact CNX Resources?

CNX Resources' mailing address is CNX CENTER 1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA, 15317. The oil and gas producer can be reached via phone at 724-485-4000.

This page was last updated on 5/29/2020 by MarketBeat.com Staff