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

CNX Resources (NYSE:CNX - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

CNX Resources (NYSE:CNX - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.09. The business had revenue of $321.44 million for the quarter, compared to analyst estimates of $387.46 million. CNX Resources had a return on equity of 7.51% and a net margin of 26.64%. During the same period last year, the firm posted $0.29 earnings per share. 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

NYSE:CNX traded down $0.31 during trading hours on Thursday, hitting $35.05. The company's stock had a trading volume of 2,127,775 shares, compared to its average volume of 2,718,735. The stock has a fifty day simple moving average of $29.55 and a 200-day simple moving average of $26.40. The company has a market capitalization of $5.37 billion, a P/E ratio of 6.40 and a beta of 1.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.41 and a quick ratio of 0.40. CNX Resources has a twelve month low of $19.07 and a twelve month high of $36.96.

Analyst Upgrades and Downgrades

CNX has been the topic of a number of recent research reports. StockNews.com lowered CNX Resources from a "hold" rating to a "sell" rating in a research note on Saturday, August 3rd. Piper Sandler lowered CNX Resources from a "neutral" rating to an "underweight" rating and cut their price target for the company from $22.00 to $20.00 in a research note on Thursday, August 15th. BMO Capital Markets lifted their price target on CNX Resources from $26.00 to $29.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. Mizuho lifted their price target on CNX Resources from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Truist Financial lifted their price target on CNX Resources from $31.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, CNX Resources currently has a consensus rating of "Hold" and a consensus price target of $27.10.

Insiders Place Their Bets

In other CNX Resources news, Director Bernard Lanigan, Jr. bought 75,000 shares of the stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $26.81 per share, for a total transaction of $2,010,750.00. Following the completion of the acquisition, the director now owns 401,820 shares in the company, valued at $10,772,794.20. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.10% of the stock is currently owned by corporate insiders.

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.