CNX Resources (CNX) to Release Quarterly Earnings on Thursday

CNX Resources (NYSE:CNXGet Rating) will issue its quarterly earnings data before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

CNX Resources (NYSE:CNXGet Rating) last released its quarterly earnings results on Thursday, October 27th. The oil and gas producer reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($1.26). CNX Resources had a negative net margin of 29.81% and a positive return on equity of 9.68%. The firm had revenue of $476.00 million for the quarter, compared to the consensus estimate of $549.08 million. On average, analysts expect CNX Resources to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CNX Resources Stock Down 3.4 %

NYSE:CNX traded down $0.57 on Tuesday, hitting $15.99. The stock had a trading volume of 3,183,624 shares, compared to its average volume of 2,685,555. CNX Resources has a 1 year low of $14.13 and a 1 year high of $24.21. The firm’s fifty day simple moving average is $16.78 and its two-hundred day simple moving average is $17.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.31 and a current ratio of 0.32. The stock has a market cap of $2.89 billion, a P/E ratio of -4.15, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25.

Hedge Funds Weigh In On CNX Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNX. Captrust Financial Advisors lifted its stake in shares of CNX Resources by 12.4% during the 2nd quarter. Captrust Financial Advisors now owns 9,786 shares of the oil and gas producer’s stock valued at $161,000 after buying an additional 1,080 shares in the last quarter. Toroso Investments LLC purchased a new position in CNX Resources in the 3rd quarter valued at approximately $166,000. Verition Fund Management LLC bought a new stake in CNX Resources during the 2nd quarter valued at $182,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of CNX Resources by 11.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,249 shares of the oil and gas producer’s stock worth $251,000 after acquiring an additional 1,601 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of CNX Resources by 4.9% during the second quarter. Franklin Resources Inc. now owns 15,597 shares of the oil and gas producer’s stock worth $256,000 after acquiring an additional 723 shares in the last quarter. Institutional investors own 93.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial cut their price objective on CNX Resources from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, October 28th. Mizuho began coverage on shares of CNX Resources in a report on Monday, January 9th. They issued an “underperform” rating and a $19.00 price target on the stock. Piper Sandler decreased their price objective on shares of CNX Resources to $19.00 in a report on Friday, November 4th. Finally, StockNews.com initiated coverage on shares of CNX Resources in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, CNX Resources has an average rating of “Hold” and a consensus target price of $21.86.

About CNX Resources

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CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane. It produces and sells pipeline quality natural gas primarily for gas wholesalers.

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Earnings History for CNX Resources (NYSE:CNX)

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