$ 0.51 in earnings per share expected for CNX Resources Co. (NYSE: CNX) this quarter
Stock analysts expect CNX Resources Co. (NYSE: CNX) to post earnings per share of $ 0.51 for the current quarter, Zacks Investment Research reports. Six analysts provided earnings estimates for CNX Resources. The highest EPS estimate is $ 0.67 and the lowest is $ 0.31. CNX Resources posted earnings per share of $ 0.21 in the same quarter last year, indicating a positive year-over-year growth rate of 142.9%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, January 27.
According to Zacks, analysts expect CNX Resources to report annual earnings of $ 1.81 per share for the current year, with EPS estimates ranging from $ 1.68 to $ 1.93. For the next fiscal year, analysts predict the company will report earnings of $ 1.79 per share, with EPS estimates ranging from $ 1.25 to $ 2.35. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts who cover CNX resources.
CNX Resources (NYSE: CNX) last released quarterly results on Thursday, October 28. The oil and gas producer reported earnings per share (EPS) of $ 0.74 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.32 of $ 0.42. The company posted revenue of $ 496.00 million in the quarter, compared to analysts’ estimates of $ 413.01 million. During the same period last year, the company posted earnings per share of $ 0.04. CNX Resources’ quarterly revenues increased 52.6% from the same quarter last year.
Several stock analysts have published reports on the company. Zacks Investment Research downgraded CNX Resources from a âbuyâ rating to a âholdâ rating and set a target price of $ 15.00 on the stock. in a research note on Thursday, December 9. Truist increased its target price on CNX Resources from $ 14.00 to $ 15.00 and gave the stock a âholdâ rating in a research report on Thursday, October 7. Truist Securities raised its target price on CNX Resources from $ 14.00 to $ 15.00 and gave the stock a âholdâ rating in a research report on Thursday, October 7. JPMorgan Chase & Co. downgraded CNX Resources from an “overweight” to a “neutral” rating and lowered its target price for the stock from $ 20.00 to $ 18.00 in a research report released on Tuesday December 7. Finally, Raymond James downgraded CNX Resources from an âoutperformingâ rating to an âunderperformingâ rating in a research report published on Tuesday, October 26. Two equity research analysts rated the stock with a sell rating, five assigned a conservation rating, and three assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $ 15.90.
CNX shares opened at $ 14.65 on Friday. CNX Resources has a 52-week low of $ 10.41 and a 52-week high of $ 16.08. The company has a leverage ratio of 0.69, a quick ratio of 0.33, and a current ratio of 0.33. The company’s 50-day mobile average price is $ 14.22, and its two-hundred-day mobile average price is $ 13.14. The company has a market cap of $ 3.09 billion, a PE ratio of -3.36, a price / earnings-growth ratio of 0.19, and a beta of 1.42.
A number of institutional investors have recently changed their positions in CNX. Schonfeld Strategic Advisors LLC increased its stake in CNX Resources by 71.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 83,300 shares of the oil and gas producer valued at $ 1,051,000 after purchasing an additional 34,800 shares during the period. Janus Henderson Group PLC bought a new position in CNX Resources in the 3rd quarter for a value of $ 279,000. Squarepoint Ops LLC increased its stake in CNX Resources by 38.9% in the 3rd quarter. Squarepoint Ops LLC now owns 348,312 shares of the oil and gas producer valued at $ 4,396,000 after purchasing an additional 97,486 shares during the period. UBS Group AG increased its stake in CNX Resources by 25.8% in the 3rd quarter. UBS Group AG now owns 718,837 shares of the oil and gas producer valued at $ 9,071,000 after purchasing an additional 147,528 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in CNX Resources by 774.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 111,079 shares of the oil and gas producer valued at $ 1,402,000 after purchasing an additional 98,375 shares during the period. Institutional investors and hedge funds hold 91.23% of the company’s shares.
About CNX Resources
CNX Resources Corp. is an independent natural gas exploration, development and production company, whose operations are centered in the main shale formations of the Appalachian Basin. The company is deploying an organic growth strategy focused on the responsible development of its resource base. The company operates through the Marcellus Shale and Coalbed Methane segments.
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