CNX Resources (CNX) Set to Announce Quarterly Earnings on Thursday

CNX Resources (NYSE:CNX) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

CNX Resources (NYSE:CNX) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share for the quarter, beating the consensus estimate of $0.30 by $2.59. CNX Resources had a return on equity of 9.00% and a net margin of 50.34%. The business had revenue of $999.50 million for the quarter, compared to the consensus estimate of $401.62 million. During the same quarter in the previous year, the business earned $1.64 EPS. The company’s quarterly revenue was down 38.9% compared to the same quarter last year. On average, analysts expect CNX Resources to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CNX Resources Trading Down 0.1 %

Shares of NYSE:CNX opened at $24.07 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.43. CNX Resources has a 52-week low of $14.36 and a 52-week high of $24.82. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 2.65 and a beta of 1.33. The business has a 50-day moving average price of $22.33 and a 200-day moving average price of $21.38.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Roth Mkm raised their price target on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Mizuho lifted their price objective on shares of CNX Resources from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Truist Financial increased their target price on shares of CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Scotiabank lifted their price target on CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.43.

Insider Buying and Selling at CNX Resources

In related news, EVP Timothy Scott Bedard purchased 1,226 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $20.50 per share, for a total transaction of $25,133.00. Following the completion of the transaction, the executive vice president now directly owns 1,226 shares of the company’s stock, valued at $25,133. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.65% of the company’s stock.

About CNX Resources

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.