CNX Resources (CNX) Scheduled to Post Quarterly Earnings on Monday

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.

CNX Resources declared that its board has authorized a share repurchase plan on Tuesday, October 31st that permits the company to repurchase $369.00 million in shares. This repurchase authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.

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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.

Earnings History for CNX Resources (NYSE:CNX)

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