Equities analysts expect CNX Resources (NYSE:CNX) to report earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for CNX Resources’ earnings, with estimates ranging from $0.09 to $0.21. CNX Resources posted earnings of $0.17 per share during the same quarter last year, which would indicate a negative year over year growth rate of 17.6%. The business is scheduled to report its next earnings report before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that CNX Resources will report full year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.32 to $0.90. For the next year, analysts anticipate that the firm will post earnings of $0.49 per share, with EPS estimates ranging from $0.29 to $0.99. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CNX Resources.
CNX Resources (NYSE:CNX) last announced 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 firm had revenue of $333.30 million during the quarter, compared to analysts’ expectations of $331.76 million. CNX Resources had a net margin of 14.03% and a return on equity of 1.36%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.33) earnings per share.
A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of CNX Resources from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Zacks Investment Research upgraded shares of CNX Resources from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Tudor Pickering upgraded shares of CNX Resources from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, ValuEngine upgraded shares of CNX Resources from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. CNX Resources has a consensus rating of “Hold” and a consensus price target of $23.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of CNX. Delek Group Ltd. acquired a new position in shares of CNX Resources in the 4th quarter valued at $2,922,000. CapWealth Advisors LLC boosted its holdings in shares of CNX Resources by 28.1% in the 4th quarter. CapWealth Advisors LLC now owns 278,415 shares of the oil and gas producer’s stock valued at $4,073,000 after buying an additional 61,115 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of CNX Resources in the 4th quarter valued at $1,917,000. Jane Street Group LLC boosted its holdings in shares of CNX Resources by 39.1% in the 4th quarter. Jane Street Group LLC now owns 16,923 shares of the oil and gas producer’s stock valued at $248,000 after buying an additional 4,753 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of CNX Resources by 27.8% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 41,835 shares of the oil and gas producer’s stock valued at $612,000 after buying an additional 9,100 shares in the last quarter. Institutional investors own 95.49% of the company’s stock.
Shares of CNX stock traded down $0.48 during trading on Tuesday, reaching $15.64. The company’s stock had a trading volume of 2,793,357 shares, compared to its average volume of 2,763,786. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.91 and a current ratio of 1.93. The stock has a market capitalization of $3,499.58, a P/E ratio of -97.75 and a beta of 1.25. CNX Resources has a 1-year low of $11.29 and a 1-year high of $18.08.
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CNX Resources Company Profile
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.
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