About CNX Resources (NYSE:CNX)
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
Industry Bituminous coal & lignite - surface mining
Sub-IndustryCoal & Consumable Fuels
SectorOils/Energy
SymbolNYSE:CNX
CUSIP20854P10
Phone724-485-4000
Debt
Debt-to-Equity Ratio0.57%
Current Ratio1.93%
Quick Ratio1.91%
Price-To-Earnings
Trailing P/E Ratio65.17
Forward P/E Ratio30.10
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.46 billion
Price / Sales2.41
Cash Flow$1.6720 per share
Price / Cash9.36
Book Value$17.38 per share
Price / Book0.90
Profitability
EPS (Most Recent Fiscal Year)($0.16)
Net Income$380.74 million
Net Margins14.03%
Return on Equity1.36%
Return on Assets0.64%
Miscellaneous
Employees561
Outstanding Shares223,760,000
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 authorized a stock repurchase program on Wednesday, November 22nd 2017, which allows the company to repurchase $369,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.
How were CNX Resources' earnings last quarter?
CNX Resources (NYSE:CNX) released its quarterly earnings data on Tuesday, January, 30th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. The oil and gas producer earned $333.30 million during the quarter, compared to the consensus estimate of $331.76 million. CNX Resources had a net margin of 14.03% and a return on equity of 1.36%. CNX Resources's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.33) earnings per share. View CNX Resources' Earnings History.
When is CNX Resources' next earnings date?
What price target have analysts set for CNX?
12 equities research analysts have issued 12 month price targets for CNX Resources' shares. Their predictions range from $16.00 to $32.00. On average, they anticipate CNX Resources' share price to reach $23.50 in the next year. View Analyst Ratings for CNX Resources.
Are investors shorting CNX Resources?
CNX Resources saw a drop in short interest in the month of March. As of March 29th, there was short interest totalling 12,143,894 shares, a drop of 22.8% from the March 15th total of 15,725,212 shares. Based on an average daily trading volume, of 3,720,409 shares, the days-to-cover ratio is currently 3.3 days. Approximately 5.5% of the company's stock are short sold.
Who are some of CNX Resources' key competitors?
Some companies that are related to CNX Resources include Yanzhou Coal Mining (YZCAY), Peabody Energy (BTU), Alliance Resource Partners (ARLP), Arch Coal (ARCH), Alliance Holdings GP (AHGP), Contura Energy (CNTE), Natural Resource Partners (NRP), Cloud Peak Energy (CLD), Rhino Resource Partners (RHNO), Westmoreland Coal (WLB), Westmoreland Resource (WMLP) and Puda Coal (PUDA).
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. Jason Mumford, Controller & Interim Principal Accounting Officer (Age 38)
- Mr. George Rosato, VP of Information Systems & Technology
Has CNX Resources been receiving favorable news coverage?
Media stories about CNX stock have been trending somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CNX Resources earned a daily sentiment score of 0.24 on Accern's scale. They also gave news articles about the oil and gas producer an impact score of 46.60 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
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 $15.65.
How big of a company is CNX Resources?
CNX Resources has a market capitalization of $3.50 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.
How can I contact CNX Resources?
CNX Resources' mailing address is CNX CENTER 1000 CONSOL ENERGY DRIVE, CANONSBURG PA, 15317. The oil and gas producer can be reached via phone at 724-485-4000.
MarketBeat Community Rating for CNX Resources (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.
CNX Resources (NYSE:CNX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for CNX Resources in the last 12 months. Their average twelve-month price target is $23.50, suggesting that the stock has a possible upside of 50.16%. The high price target for CNX is $32.00 and the low price target for CNX is $16.00. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.75 | 2.75 | 2.73 | 2.44 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $23.50 | $23.50 | $23.40 | $21.00 |
| Price Target Upside: | 50.16% upside | 56.88% upside | 64.90% upside | 34.96% upside |
CNX Resources (NYSE:CNX) Consensus Price Target History
CNX Resources (NYSE:CNX) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
CNX Resources (NYSE:CNX) Dividend Information
CNX Resources pays an annual dividend of $0.13 per share, with a dividend yield of 0.83%. CNX's most recent dividend payment was Thursday, May 12. CNX Resources pays out -81.25% of its earnings out as a dividend.
| Most Recent Dividend: | 5/12/2016 |
| Annual Dividend: | $0.13 |
| Dividend Yield: | 0.83% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | -81.25% (Trailing 12 Months of Earnings)
25.00% (Based on This Year's Estimates)
26.53% (Based on Next Year's Estimates)
|
CNX Resources (NYSE:CNX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/26/2016 | | $0.5125 | | 5/3/2016 | 5/5/2016 | 5/12/2016 |
| 2/1/2016 | quarterly | $0.01 | | 2/11/2016 | 2/16/2016 | 3/3/2016 |
| 10/28/2015 | special | $0.01 | | 11/9/2015 | 11/12/2015 | 11/20/2015 |
| 7/29/2015 | quarterly | $0.01 | 0.24% | 8/6/2015 | 8/10/2015 | 8/24/2015 |
| 4/29/2015 | quarterly | $0.0625 | 0.77% | 5/7/2015 | 5/11/2015 | 5/21/2015 |
| 2/2/2015 | quarterly | $0.0625 | 0.77% | 2/12/2015 | 2/17/2015 | 3/5/2015 |
| 10/29/2014 | quarterly | $0.0625 | | 11/6/2014 | 11/10/2014 | 12/2/2014 |
| 7/30/2014 | quarterly | $0.0625 | 0.64% | 8/13/2014 | 8/15/2014 | 9/2/2014 |
| 4/30/2014 | quarterly | $0.0625 | 0.55% | 5/8/2014 | 5/12/2014 | 5/30/2014 |
| 2/4/2014 | quarterly | $0.0625 | 0.66% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 11/1/2013 | quarterly | $0.1250 | 1.32% | 11/13/2013 | 11/15/2013 | 12/4/2013 |
| 7/26/2013 | quarterly | $0.1250 | 1.6% | 8/7/2013 | 8/9/2013 | 8/23/2013 |
| 4/26/2013 | quarterly | $0.1250 | 1.5% | 5/8/2013 | 5/10/2013 | 5/24/2013 |
| 12/10/2012 | quarterly | $0.1250 | 1.48% | 12/19/2012 | 12/21/2012 | 12/28/2012 |
(Data available from 1/1/2013 forward)
CNX Resources (NYSE CNX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.00%
Institutional Ownership Percentage: 96.18%
CNX Resources (NYSE CNX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/13/2018 | Maureen Lally-Green | Director | Buy | 1,500 | $12.99 | $19,485.00 | |  |
| 8/3/2017 | J. Palmer Clarkson | Director | Buy | 10,000 | $15.40 | $154,000.00 | | |
| 5/8/2017 | Mike Muzylowski | Director | Buy | 10,000 | $0.34 | $3,400.00 | | |
| 5/4/2017 | Mike Muzylowski | Director | Buy | 10,000 | $0.34 | $3,400.00 | | |
| 2/13/2017 | Maureen Lally-Green | Director | Buy | 2,500 | $16.97 | $42,425.00 | | |
| 2/3/2017 | Bernard Lanigan Jr | Director | Buy | 41,200 | $16.95 | $698,340.00 | 14,800 | |
| 2/2/2017 | Alvin R Carpenter | Director | Buy | 4,000 | $16.71 | $66,840.00 | 93,600 | |
| 6/1/2016 | David Einhorn | Major Shareholder | Sell | 7,000,000 | $15.01 | $105,070,000.00 | | |
| 5/12/2016 | David Einhorn | Major Shareholder | Sell | 173,910 | $15.17 | $2,638,214.70 | | |
| 11/17/2015 | William N Thorndike Jr | Director | Buy | 30,000 | $7.78 | $233,400.00 | 92,397 | |
| 11/2/2015 | Carl Kristopher Hagedorn | Insider | Buy | 3,480 | $7.02 | $24,429.60 | 2,384 | |
| 10/29/2015 | Alvin R Carpenter | Director | Buy | 10,000 | $7.04 | $70,400.00 | 89,591 | |
| 7/22/2015 | David Einhorn | Major Shareholder | Buy | 1,696,662 | $17.40 | $29,521,918.80 | | |
| 7/21/2015 | David Einhorn | Major Shareholder | Buy | 1,196,340 | $17.52 | $20,959,876.80 | | |
| 7/20/2015 | David Einhorn | Major Shareholder | Buy | 3,776,125 | $16.74 | $63,212,332.50 | | |
| 6/12/2015 | Mike Muzylowski | Director | Buy | 30,000 | $0.30 | $9,000.00 | | |
| 5/1/2015 | Alvin R Carpenter | Director | Buy | 3,000 | $32.63 | $97,890.00 | | |
| 4/27/2015 | James A Brock | COO | Sell | 1,104 | $29.96 | $33,075.84 | | |
| 4/1/2015 | James C Grech | EVP | Sell | 2,464 | $28.14 | $69,336.96 | | |
| 2/10/2015 | Alvin R Carpenter | Director | Buy | 2,000 | $32.75 | $65,500.00 | | |
| 5/7/2014 | Alvin Carpenter | Director | Buy | 2,000 | $43.59 | $87,180.00 | 36,589 | |
| 5/1/2014 | William Davis | Director | Sell | 7,000 | $45.08 | $315,560.00 | 27,259 | |
| 3/3/2014 | James Grech | EVP | Sell | 2,625 | $39.75 | $104,343.75 | 34,481 | |
| 2/10/2014 | Alvin Carpenter | Director | Buy | 30,000 | $36.71 | $1,101,300.00 | 34,584 | |
| 2/10/2014 | David Khani | CFO | Buy | 2,800 | $36.67 | $102,676.00 | 43,354 | |
(Data available from 1/1/2013 forward)
CNX Resources (NYSE CNX) News Headlines
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CNX Resources (NYSE:CNX) SEC Filings
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CNX Resources (NYSE:CNX) Income Statement, Balance Sheet and Cash Flow Statement
CNX Resources (NYSE CNX) Stock Chart for Tuesday, April, 24, 2018
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