CNX Resources (NYSE:CNX) Receiving Somewhat Positive Press Coverage, Analysis Shows

News articles about CNX Resources (NYSE:CNX) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CNX Resources earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 45.9843353046696 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

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A number of brokerages have recently issued reports on CNX. ValuEngine lowered shares of CNX Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Robert W. Baird began coverage on CNX Resources in a report on Tuesday, December 19th. They issued an “outperform” rating and a $22.00 target price for the company. Zacks Investment Research downgraded CNX Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Finally, Tudor Pickering upgraded CNX Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.00.

Shares of CNX opened at $15.81 on Tuesday. CNX Resources has a 12 month low of $11.29 and a 12 month high of $18.08. The firm has a market cap of $3,521.96, a P/E ratio of 65.58 and a beta of 1.25. The company has a quick ratio of 1.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.57.

CNX Resources (NYSE:CNX) last announced its quarterly earnings data on Tuesday, January 30th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The business had revenue of $333.30 million during the quarter, compared to analyst estimates of $331.76 million. CNX Resources had a return on equity of 1.36% and a net margin of 14.03%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.33) earnings per share. equities analysts forecast that CNX Resources will post 0.52 earnings per share for the current fiscal year.

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About CNX Resources

CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin. As of December 31, 2017, it had 7.6 trillion cubic feet equivalent of proved natural gas reserves. The company also owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia.

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