CNX Resources Corp (NYSE:CNX) – SunTrust Banks upped their Q1 2018 earnings estimates for CNX Resources in a research report issued to clients and investors on Tuesday, March 13th, according to Zacks Investment Research. SunTrust Banks analyst W. Fitzpatrick now expects that the oil and gas producer will post earnings of $0.12 per share for the quarter, up from their prior estimate of $0.10. SunTrust Banks also issued estimates for CNX Resources’ Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.09 EPS, FY2018 earnings at $0.32 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.08 EPS and FY2019 earnings at $0.34 EPS.
CNX has been the topic of a number of other research reports. Tudor Pickering upgraded CNX Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Zacks Investment Research raised CNX Resources from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Robert W. Baird boosted their price target on CNX Resources from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Barclays set a $16.00 price target on CNX Resources and gave the stock a “hold” rating in a research report on Tuesday, December 12th. Finally, ValuEngine cut CNX Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.00.
NYSE CNX traded down $0.65 on Friday, reaching $14.95. The stock had a trading volume of 5,310,264 shares, compared to its average volume of 4,000,991. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.91. CNX Resources has a 1 year low of $11.29 and a 1 year high of $18.08. The company has a market capitalization of $3,490.63, a P/E ratio of -93.44 and a beta of 1.25.
CNX Resources (NYSE:CNX) last issued its earnings results on Tuesday, January 30th. The oil and gas producer reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. CNX Resources had a return on equity of 1.36% and a net margin of 14.03%. The firm had revenue of $333.30 million for the quarter, compared to the consensus estimate of $331.76 million. During the same quarter in the previous year, the company posted ($1.33) earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Global Advisors LLC acquired a new position in shares of CNX Resources during the 3rd quarter worth about $172,000. TNB Financial acquired a new position in shares of CNX Resources during the 4th quarter worth about $176,000. State of Alaska Department of Revenue acquired a new position in shares of CNX Resources during the 4th quarter worth about $197,000. Jane Street Group LLC lifted its position in shares of CNX Resources by 411.2% during the 3rd quarter. Jane Street Group LLC now owns 12,170 shares of the oil and gas producer’s stock worth $206,000 after purchasing an additional 16,081 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of CNX Resources during the 4th quarter worth about $219,000. 95.50% of the stock is owned by institutional investors and hedge funds.
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CNX Resources Company Profile
CNX Resources Corp., formerly CONSOL Energy Inc, is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.
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