CNX Resources Corp (CNX) Director Maureen Lally-Green Buys 1,500 Shares

CNX Resources Corp (NYSE:CNX) Director Maureen Lally-Green purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $12.99 per share, for a total transaction of $19,485.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CNX Resources Corp (NYSE CNX) traded up $0.31 during mid-day trading on Tuesday, reaching $13.34. 4,087,875 shares of the company’s stock were exchanged, compared to its average volume of 3,793,153. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.91. CNX Resources Corp has a fifty-two week low of $11.29 and a fifty-two week high of $15.51. The company has a market capitalization of $2,920.00, a PE ratio of 7.94 and a beta of 1.49.

CNX Resources (NYSE:CNX) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. CNX Resources had a net margin of 14.03% and a return on equity of 1.36%. The business had revenue of $333.30 million for the quarter, compared to analysts’ expectations of $331.76 million. During the same quarter in the previous year, the business posted ($1.33) earnings per share. The business’s revenue was up 19.0% compared to the same quarter last year. equities research analysts forecast that CNX Resources Corp will post 0.29 earnings per share for the current fiscal year.

CNX Resources declared that its board has approved a share buyback program on Tuesday, October 31st that authorizes the company to repurchase $369.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

A number of research firms recently issued reports on CNX. ValuEngine downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Seaport Global Securities started coverage on shares of CNX Resources in a research report on Thursday, November 30th. They set a “buy” rating and a $32.00 price objective on the stock. SunTrust Banks set a $17.00 price objective on shares of CNX Resources and gave the company a “hold” rating in a research report on Tuesday, October 17th. Robert W. Baird boosted their price objective on shares of CNX Resources from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, 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. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Global Advisors LLC bought a new position in shares of CNX Resources in the third quarter worth about $172,000. TNB Financial bought a new position in shares of CNX Resources in the fourth quarter worth about $176,000. Virtu KCG Holdings LLC bought a new position in shares of CNX Resources in the second quarter worth about $179,000. Emerald Advisers Inc. PA bought a new position in shares of CNX Resources in the third quarter worth about $192,000. Finally, State of Alaska Department of Revenue bought a new position in shares of CNX Resources in the fourth quarter worth about $197,000. Hedge funds and other institutional investors own 96.83% of the company’s stock.

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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.

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