Wall Street analysts expect that CNX Resources Corp (NYSE:CNX) will announce sales of $384.12 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for CNX Resources’ earnings, with the lowest sales estimate coming in at $358.30 million and the highest estimate coming in at $429.00 million. CNX Resources reported sales of $671.28 million in the same quarter last year, which would suggest a negative year over year growth rate of 42.8%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that CNX Resources will report full-year sales of $1.61 billion for the current financial year, with estimates ranging from $1.47 billion to $1.77 billion. For the next year, analysts anticipate that the business will report sales of $1.61 billion, with estimates ranging from $1.37 billion to $1.88 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover CNX Resources.

CNX Resources (NYSE:CNX) last announced its earnings results on Thursday, August 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.21. CNX Resources had a return on equity of 2.37% and a net margin of 40.07%. The firm had revenue of $402.12 million during the quarter, compared to analyst estimates of $381.22 million. During the same period last year, the firm posted $0.08 EPS. The business’s revenue was up 8.4% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered CNX Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Raymond James reaffirmed a “sell” rating on shares of CNX Resources in a research report on Thursday, August 30th. ValuEngine lowered CNX Resources from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Finally, Goldman Sachs Group lowered CNX Resources from a “neutral” rating to a “sell” rating and set a $14.00 target price for the company. in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. CNX Resources has a consensus rating of “Hold” and an average price target of $21.00.

In other news, Director J. Palmer Clarkson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was bought at an average price of $14.90 per share, with a total value of $149,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in CNX Resources by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,624,816 shares of the oil and gas producer’s stock worth $277,803,000 after acquiring an additional 686,988 shares during the last quarter. Van ECK Associates Corp increased its holdings in CNX Resources by 3.4% in the 2nd quarter. Van ECK Associates Corp now owns 5,466,394 shares of the oil and gas producer’s stock worth $97,192,000 after acquiring an additional 178,483 shares during the last quarter. Northern Trust Corp increased its holdings in CNX Resources by 4.5% in the 2nd quarter. Northern Trust Corp now owns 1,950,524 shares of the oil and gas producer’s stock worth $34,680,000 after acquiring an additional 83,898 shares during the last quarter. Bank of Montreal Can increased its holdings in CNX Resources by 10.4% in the 2nd quarter. Bank of Montreal Can now owns 1,466,626 shares of the oil and gas producer’s stock worth $26,077,000 after acquiring an additional 138,034 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its holdings in CNX Resources by 6.2% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 1,320,378 shares of the oil and gas producer’s stock worth $20,373,000 after acquiring an additional 77,533 shares during the last quarter. 95.60% of the stock is owned by institutional investors.

Shares of CNX Resources stock traded up $0.02 during trading hours on Monday, hitting $14.16. 2,055,127 shares of the company’s stock traded hands, compared to its average volume of 3,061,327. CNX Resources has a 12-month low of $11.69 and a 12-month high of $18.37. The firm has a market cap of $3.05 billion, a PE ratio of -88.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.67 and a quick ratio of 0.65.

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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Earnings History and Estimates for CNX Resources (NYSE:CNX)

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