CNX Resources (NYSE:CNX) announced its quarterly earnings results on Thursday. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.09, Fidelity Earnings reports. The business had revenue of $148.80 million during the quarter, compared to analyst estimates of $328.76 million. CNX Resources had a positive return on equity of 1.45% and a negative net margin of 39.32%. The firm’s revenue was down 75.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS.
Shares of CNX traded up $0.31 on Friday, reaching $9.65. 5,720,556 shares of the stock traded hands, compared to its average volume of 4,178,642. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -2.86 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.90 and a quick ratio of 1.15. CNX Resources has a 12 month low of $4.26 and a 12 month high of $14.19. The stock’s 50-day moving average price is $9.15 and its 200-day moving average price is $8.44.
Several equities research analysts have recently issued reports on the company. ValuEngine lowered CNX Resources from a “hold” rating to a “sell” rating in a report on Saturday. SunTrust Banks boosted their target price on CNX Resources from $7.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. BMO Capital Markets initiated coverage on CNX Resources in a report on Wednesday, June 17th. They issued an “outperform” rating and a $13.00 target price for the company. Cfra boosted their target price on CNX Resources from $7.50 to $14.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Finally, Piper Sandler assumed coverage on CNX Resources in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. CNX Resources currently has an average rating of “Hold” and a consensus price target of $11.41.
CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
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