CNX Resources (NYSE:CNX – Get Free Report) released its earnings results on Thursday. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14, Zacks reports. CNX Resources had a return on equity of 7.54% and a net margin of 27.79%.
CNX Resources Trading Down 0.4 %
Shares of CNX traded down $0.10 during trading hours on Thursday, hitting $27.72. 3,196,426 shares of the stock were exchanged, compared to its average volume of 4,233,587. The firm has a market capitalization of $4.14 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.47 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.37 and a quick ratio of 0.36. CNX Resources has a fifty-two week low of $19.07 and a fifty-two week high of $41.93. The business has a 50-day moving average of $34.89 and a 200-day moving average of $32.18.
Wall Street Analyst Weigh In
CNX has been the subject of a number of research analyst reports. Mizuho lowered their price objective on shares of CNX Resources from $38.00 to $34.00 and set an “underperform” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets upped their price target on shares of CNX Resources from $26.00 to $29.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. TD Cowen began coverage on CNX Resources in a report on Wednesday, January 15th. They set a “hold” rating and a $27.00 price objective on the stock. Truist Financial increased their target price on CNX Resources from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Finally, Stephens boosted their price target on CNX Resources from $26.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, CNX Resources has an average rating of “Reduce” and an average price target of $29.67.
Insider Buying and Selling at CNX Resources
In related news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.09, for a total value of $33,421,750.00. Following the transaction, the insider now directly owns 13,925,000 shares in the company, valued at $432,928,250. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% 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.
See Also
- Five stocks we like better than CNX Resources
- What is a Stock Market Index and How Do You Use Them?
- How Value Investors Find Undervalued Stocks and Build Wealth
- What is the Shanghai Stock Exchange Composite Index?
- Is Tonix Pharmaceuticals the Next Biotech Breakout?
- Market Cap Calculator: How to Calculate Market Cap
- DeepSeek Dip: Is the Nuclear Energy Sell-Off a Buying Opportunity
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.