NYSE:CNX - CNX Resources Stock Price, News & Analysis

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

CNX Resources declared that its Board of Directors has initiated a share buyback program on Wednesday, November 22nd 2017, which authorizes the company to repurchase $369,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

CNX Resources Corp (NYSE:CNX) released its quarterly earnings results on Tuesday, July, 30th. The oil and gas producer reported $0.06 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by $0.06. The oil and gas producer had revenue of $605.03 million for the quarter, compared to analysts' expectations of $357.30 million. CNX Resources had a return on equity of 4.09% and a net margin of 17.60%. The business's revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. View CNX Resources' Earnings History.

CNX Resources is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for CNX Resources.

6 Wall Street analysts have issued 12-month price targets for CNX Resources' stock. Their predictions range from $11.00 to $19.00. On average, they anticipate CNX Resources' stock price to reach $14.75 in the next twelve months. This suggests a possible upside of 96.1% from the stock's current price. View Analyst Price Targets for CNX Resources.

6 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CNX Resources.

News articles about CNX stock have trended positive this week, InfoTrie reports. The research firm scores the sentiment of media 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 -5 to 5, with scores nearest to five being the most favorable. CNX Resources earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave media coverage about the oil and gas producer a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the near future. View News Stories for CNX Resources.

CNX Resources saw a increase in short interest in July. As of July 15th, there was short interest totalling 32,130,400 shares, an increase of 10.0% from the June 15th total of 29,213,600 shares. Based on an average daily trading volume, of 4,520,000 shares, the short-interest ratio is presently 7.1 days. Approximately 16.4% of the shares of the stock are short sold. View CNX Resources' Current Options Chain.

Some companies that are related to CNX Resources include Parsley Energy (PE), WPX Energy (WPX), Cimarex Energy (XEC), Viper Energy Partners (VNOM), EQT (EQT), Murphy Oil (MUR), Black Stone Minerals (BSM), Chesapeake Energy (CHK), Magnolia Oil & Gas (MGY), Kosmos Energy (KOS), Vermilion Energy (VET), Matador Resources (MTDR), PDC Energy (PDCE), ARC Resources (AETUF) and Crescent Point Energy (CPG).

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

CNX Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.20%), Vanguard Group Inc. (7.45%), AQR Capital Management LLC (1.74%), JPMorgan Chase & Co. (1.68%), Van ECK Associates Corp (1.66%) and Charles Schwab Investment Management Inc. (1.31%). Company insiders that own CNX Resources stock include Bernard Lanigan, Jr, J Palmer Clarkson and Maureen Lally-Green. View Institutional Ownership Trends for CNX Resources.

CNX stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, AQR Capital Management LLC, Vanguard Group Inc., Point72 Asset Management L.P., Bank of New York Mellon Corp, Capital Fund Management S.A., D. E. Shaw & Co. Inc. and State Board of Administration of Florida Retirement System. View Insider Buying and Selling for CNX Resources.

CNX stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Caymus Capital Partners L.P., Paloma Partners Management Co, Nuveen Asset Management LLC, Southeast Asset Advisors Inc., Charles Schwab Investment Management Inc. and LSV Asset Management. Company insiders that have bought CNX Resources stock in the last two years include Bernard Lanigan, Jr, J Palmer Clarkson and Maureen Lally-Green. View Insider Buying and Selling for 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.

One share of CNX stock can currently be purchased for approximately $7.52.

CNX Resources has a market capitalization of $1.41 billion and generates $1.73 billion in revenue each year. The oil and gas producer earns $796.53 million in net income (profit) each year or $1.53 on an earnings per share basis. CNX Resources employs 564 workers across the globe.View Additional Information About CNX Resources.

The official website for CNX Resources is http://www.consolenergy.com/.

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.