CNX Resources (NYSE:CNX) will be issuing its quarterly earnings data on Monday, January 29th.
CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). CNX Resources had a negative net margin of 7.49% and a positive return on equity of 1.09%. The business had revenue of $671.30 million during the quarter, compared to analysts’ expectations of $623.00 million. During the same period last year, the company earned $0.04 EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, analysts expect CNX Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of CNX Resources (NYSE CNX) opened at $14.29 on Monday. CNX Resources has a fifty-two week low of $11.29 and a fifty-two week high of $16.47. The stock has a market cap of $3,206.25, a PE ratio of -16.24 and a beta of 1.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.94 and a quick ratio of 0.86.
A number of research firms have recently weighed in on CNX. ValuEngine raised shares of CNX Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered shares of CNX Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Robert W. Baird began coverage on shares of CNX Resources in a research report on Tuesday, December 19th. They issued an “outperform” rating and a $22.00 price objective for the company. Barclays set a $16.00 price objective on shares of CNX Resources and gave the company a “hold” rating in a research report on Tuesday, December 12th. Finally, SunTrust Banks raised shares of CNX Resources from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.91.
About CNX Resources
CNX Resources Corp., formerly CONSOL Energy Inc, is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.
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