CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin. As of December 31, 2017, it had 7.6 trillion cubic feet equivalent of proved natural gas reserves. The company also owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia. In addition, it offers gas gathering and water delivery solutions, as well as land services 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 incorporated in 1991 and is headquartered in Canonsburg, Pennsylvania.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryCoal & Consumable Fuels
SectorOils/Energy
Current SymbolNYSE:CNX
Previous Symbol
CUSIP20854P10
Phone724-485-4000
Debt
Debt-to-Equity Ratio0.44
Current Ratio0.59
Quick Ratio0.57
Price-To-Earnings
Trailing P/E Ratio-81.53
Forward P/E Ratio13.38
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.46 billion
Price / Sales1.82
Cash Flow$1.6225 per share
Price / Cash Flow8.00
Book Value$17.38 per share
Price / Book0.75
Profitability
EPS (Most Recent Fiscal Year)($0.16)
Net Income$380.74 million
Net Margins54.81%
Return on Equity3.73%
Return on Assets2.26%
Miscellaneous
Employees561
Outstanding Shares203,600,000
Market Cap$2.72 billion
OptionableOptionable
CNX Resources (NYSE:CNX) Frequently Asked Questions
What is CNX Resources' stock symbol?
CNX Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNX."
How will CNX Resources' stock buyback program work?
CNX Resources announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 22nd 2017, which permits the company to repurchase $369,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.
How were CNX Resources' earnings last quarter?
CNX Resources Corp (NYSE:CNX) released its earnings results on Tuesday, October, 30th. The oil and gas producer reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.02. The oil and gas producer earned $397.10 million during the quarter, compared to analysts' expectations of $376.23 million. CNX Resources had a return on equity of 3.73% and a net margin of 54.81%. The business's quarterly revenue was up 38.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) earnings per share. View CNX Resources' Earnings History.
When is CNX Resources' next earnings date?
What price target have analysts set for CNX?
7 analysts have issued twelve-month price objectives for CNX Resources' stock. Their predictions range from $14.00 to $23.00. On average, they anticipate CNX Resources' share price to reach $18.00 in the next twelve months. This suggests a possible upside of 38.0% from the stock's current price. View Analyst Price Targets for CNX Resources.
What is the consensus analysts' recommendation for CNX Resources?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNX Resources in the last year. There are currently 2 sell ratings, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CNX Resources.
Has CNX Resources been receiving favorable news coverage?
News coverage about CNX stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CNX Resources earned a daily sentiment score of 1.5 on InfoTrie's scale. They also gave media stories about the oil and gas producer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
Are investors shorting CNX Resources?
CNX Resources saw a increase in short interest in October. As of October 31st, there was short interest totalling 15,279,386 shares, an increase of 24.5% from the October 15th total of 12,275,110 shares. Based on an average daily volume of 3,766,508 shares, the short-interest ratio is currently 4.1 days. Currently, 7.2% of the shares of the company are short sold. View CNX Resources' Current Options Chain.
Who are some of CNX Resources' key competitors?
Some companies that are related to CNX Resources include Cabot Oil & Gas (COG), Diamondback Energy (FANG), Cenovus Energy (CVE), Cimarex Energy (XEC), Energen (EGN), Encana (ECA), Parsley Energy (PE), WPX Energy (WPX), Murphy Oil (MUR), EQT (EQT), Centennial Resource Development (CDEV), Antero Resources (AR), Vermilion Energy (VET), Viper Energy Partners (VNOM) and Range Resources (RRC).
Who are CNX Resources' key executives?
CNX Resources' management team includes the folowing people:
- Mr. Nicholas J. DeIuliis, Pres, CEO & Director (Age 49)
- Mr. Stephen W. Johnson Esq., Exec. VP & Chief Admin. Officer (Age 59)
- Mr. Timothy C. Dugan, Exec. VP & COO of Exploration & Production (Age 56)
- Mr. Donald W. Rush, Exec. VP & CFO (Age 35)
- Mr. Jason Mumford, Controller & Interim Principal Accounting Officer (Age 38)
Who are CNX Resources' major shareholders?
CNX Resources' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.87%), Dimensional Fund Advisors LP (7.64%), Vanguard Group Inc. (6.78%), Key Group Holdings Cayman LTD. (3.33%), Capital International Investors (3.06%) and ANTIPODES PARTNERS Ltd (2.59%). Company insiders that own CNX Resources stock include Alvin R Carpenter, Bernard Lanigan Jr, J Palmer Clarkson, Maureen Lally-Green and Mike Muzylowski. 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 AQR Capital Management LLC, Bank of Montreal Can, BlueMountain Capital Management LLC, Dalton Greiner Hartman Maher & Co., First Trust Advisors LP, Trexquant Investment LP, Canada Pension Plan Investment Board and TIAA CREF Investment Management LLC. View Insider Buying and Selling for CNX Resources.
Which major investors are buying CNX Resources stock?
CNX stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, FMR LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., BlackRock Inc., Key Group Holdings Cayman LTD., Morgan Stanley and Matarin Capital Management LLC. Company insiders that have bought CNX Resources stock in the last two years include Alvin R Carpenter, Bernard Lanigan Jr, J Palmer Clarkson, Maureen Lally-Green and Mike Muzylowski. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is CNX Resources' stock price today?
One share of CNX stock can currently be purchased for approximately $13.0450.
How big of a company is CNX Resources?
CNX Resources has a market capitalization of $2.72 billion and generates $1.46 billion in revenue each year. The oil and gas producer earns $380.74 million in net income (profit) each year or ($0.16) on an earnings per share basis. CNX Resources employs 561 workers across the globe.
What is CNX Resources' official website?
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.
MarketBeat Community Rating for CNX Resources (NYSE CNX)
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.
