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

CNX Resources (NYSE:CNX - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect CNX Resources to post earnings of $0.59 per share and revenue of $512.90 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

CNX Resources (NYSE:CNX - Get Free Report) last announced its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. CNX Resources had a negative net margin of 7.14% and a positive return on equity of 6.72%. On average, analysts expect CNX Resources to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CNX Resources Trading Down 0.2 %

Shares of CNX Resources stock traded down $0.05 during mid-day trading on Friday, hitting $30.83. 2,288,047 shares of the stock were exchanged, compared to its average volume of 2,675,440. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of -45.34, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. CNX Resources has a twelve month low of $22.82 and a twelve month high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $30.32 and a 200 day simple moving average of $33.24.

Wall Street Analyst Weigh In

CNX has been the topic of a number of analyst reports. TD Cowen initiated coverage on shares of CNX Resources in a research report on Wednesday, January 15th. They set a "hold" rating and a $27.00 target price on the stock. Piper Sandler reduced their target price on CNX Resources from $23.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reiterated an "underweight" rating and set a $31.00 price objective on shares of CNX Resources in a research note on Tuesday, April 15th. Scotiabank upgraded CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 target price on the stock in a report on Friday, April 11th. Finally, Bank of America cut their price target on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, CNX Resources has an average rating of "Hold" and an average price target of $31.25.

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.