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

CNX Resources (NYSE:CNX) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect CNX Resources to post earnings of $0.41 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

CNX Resources (NYSE:CNX) last released its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $2.59. The firm had revenue of $999.50 million during the quarter, compared to analysts’ expectations of $401.62 million. CNX Resources had a return on equity of 9.00% and a net margin of 50.34%. The business’s revenue was down 38.9% on a year-over-year basis. During the same period last year, the firm posted $1.64 EPS. 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 Price Performance

CNX Resources stock opened at $24.07 on Wednesday. The business’s fifty day moving average is $22.33 and its two-hundred day moving average is $21.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.49 and a current ratio of 0.51. The firm has a market cap of $3.69 billion, a P/E ratio of 2.65 and a beta of 1.33. CNX Resources has a 52 week low of $14.36 and a 52 week high of $24.82.

Insider Transactions at CNX Resources

In related news, EVP Timothy Scott Bedard sold 1,226 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $20.83, for a total transaction of $25,537.58. Following the completion of the transaction, the executive vice president now owns 67,982 shares in the company, valued at $1,416,065.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Thursday, April 11th. Mizuho boosted their price objective on CNX Resources from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Bank of America upgraded shares of CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a research report on Friday, January 5th. Piper Sandler lifted their price target on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Finally, Truist Financial increased their price objective on shares of CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat, CNX Resources has an average rating of “Hold” and an average target price of $24.43.

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.