CNX Resources Corp (NYSE:CNX) Director Maureen Lally-Green acquired 1,500 shares of the stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $12.99 per share, with a total value of $19,485.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of CNX Resources Corp (CNX) traded up $0.10 during mid-day trading on Thursday, reaching $14.66. The company had a trading volume of 282,958 shares, compared to its average volume of 3,715,297. The stock has a market capitalization of $2,984.94, a PE ratio of 8.75 and a beta of 1.49. CNX Resources Corp has a 12 month low of $11.29 and a 12 month high of $15.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.91 and a current ratio of 1.93.
CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas producer reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The company had revenue of $333.30 million for the quarter, compared to analysts’ expectations of $331.76 million. CNX Resources had a return on equity of 1.36% and a net margin of 14.03%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.33) earnings per share. equities research analysts predict that CNX Resources Corp will post 0.3 earnings per share for the current year.
Several brokerages have weighed in on CNX. Seaport Global Securities began coverage on CNX Resources in a research report on Thursday, November 30th. They issued a “buy” rating and a $32.00 price objective for the company. Robert W. Baird boosted their price objective on CNX Resources from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Scotiabank set a $21.00 target price on CNX Resources and gave the company a “hold” rating in a research note on Monday, November 13th. Zacks Investment Research cut CNX Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, ValuEngine raised CNX Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. CNX Resources currently has a consensus rating of “Hold” and a consensus target price of $23.00.
A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its holdings in CNX Resources by 39.1% in the fourth quarter. Jane Street Group LLC now owns 16,923 shares of the oil and gas producer’s stock worth $248,000 after acquiring an additional 4,753 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in CNX Resources by 27.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 41,835 shares of the oil and gas producer’s stock worth $612,000 after acquiring an additional 9,100 shares in the last quarter. Two Sigma Investments LP boosted its holdings in CNX Resources by 65.2% in the fourth quarter. Two Sigma Investments LP now owns 1,045,825 shares of the oil and gas producer’s stock worth $15,300,000 after acquiring an additional 412,942 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in CNX Resources by 156.9% in the fourth quarter. Guggenheim Capital LLC now owns 152,667 shares of the oil and gas producer’s stock worth $2,234,000 after acquiring an additional 93,240 shares in the last quarter. Finally, BlueCrest Capital Management Ltd boosted its holdings in CNX Resources by 60.7% in the fourth quarter. BlueCrest Capital Management Ltd now owns 124,557 shares of the oil and gas producer’s stock worth $1,822,000 after acquiring an additional 47,052 shares in the last quarter. 96.83% of the stock is currently owned by institutional investors and hedge funds.
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About CNX Resources
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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