Maureen Lally-Green Acquires 1,500 Shares of CNX Resources Corp (CNX) Stock
CNX Resources Corp (NYSE:CNX) Director Maureen Lally-Green acquired 1,500 shares of the stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $12.99 per share, with a total value of $19,485.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of CNX Resources Corp (CNX) traded up $0.10 during mid-day trading on Thursday, hitting $14.66. The company had a trading volume of 282,958 shares, compared to its average volume of 3,715,297. CNX Resources Corp has a 52-week low of $11.29 and a 52-week high of $15.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.91. The company has a market cap of $2,984.94, a price-to-earnings ratio of 8.75 and a beta of 1.49.
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 (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $331.76 million. During the same period last year, the company earned ($1.33) EPS. CNX Resources’s quarterly revenue was up 19.0% compared to the same quarter last year. equities research analysts anticipate that CNX Resources Corp will post 0.3 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of CNX. Strategic Global Advisors LLC purchased a new position in CNX Resources during the 3rd quarter worth $172,000. Emerald Advisers Inc. PA purchased a new position in CNX Resources during the 3rd quarter worth $192,000. Virtu KCG Holdings LLC purchased a new position in CNX Resources during the 2nd quarter worth $179,000. TNB Financial purchased a new position in CNX Resources during the 4th quarter worth $176,000. Finally, Jane Street Group LLC increased its holdings in 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 period. 96.83% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on CNX. ValuEngine lowered CNX Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Seaport Global Securities began coverage on CNX Resources in a research note on Thursday, November 30th. They issued a “buy” rating and a $32.00 price objective for the company. Barclays set a $16.00 price objective on CNX Resources and gave the company a “hold” rating in a research note on Tuesday, December 12th. Robert W. Baird raised their price objective on CNX Resources from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Finally, Stifel Nicolaus began coverage on CNX Resources in a research note on Thursday, November 30th. They issued a “buy” rating and a $32.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.00.
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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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