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.
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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