CNX Resources (CNX) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of CNX Resources (NYSE: CNX) in the last few weeks:

  • 1/3/2018 – CNX Resources was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/27/2017 – CNX Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “CNX Resources Corporation was formed from the separation of natural gas and coal business of CONSOL Energy Inc.’s (CONSOL). This oil and natural gas company is focused on low-cost Appalachian region but will have to fight a difficult battle with the existing major natural gas companies. Failure on the part of the company to replenish its reserves may impact its production and cash flow. Exploration and production of natural gas involve lots of risks and could impact its operating results. Since its formation, CNX Resources’ shares have gained higher than the industry it belongs to. CNX Resources’ low cost natural gas production areas of CNX Resources and increasing consciousness to lower emissions will drive demand for natural gas and are going to act as tailwinds for the company.”
  • 12/19/2017 – CNX Resources was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Since its formation, CNX Resources’ shares have gained higher than the industry it belongs toCNX Resources Corporation was formed from the separation of natural gas and coal business of CONSOL Energy Inc.’s (CONSOL). This oil and natural gas company is focused on low-cost Appalachian region but will have to fight a difficult battle with the existing major natural gas companies. Exploration and production of natural gas involve lots of risks and could impact its operating results. Failure on the part of the company to replenish its reserves may impact its production and cash flow. However, the low cost natural gas production areas of CNX Resources and increasing consciousness to lower emissions will drive demand for natural gas and are going to act as tailwinds for the company.”
  • 12/19/2017 – CNX Resources is now covered by analysts at Robert W. Baird. They set an “outperform” rating and a $22.00 price target on the stock.
  • 12/12/2017 – CNX Resources was given a new $16.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 12/7/2017 – CNX Resources was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating.
  • 11/30/2017 – CNX Resources is now covered by analysts at Seaport Global Securities. They set a “buy” rating and a $32.00 price target on the stock.
  • 11/30/2017 – CNX Resources is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $32.00 price target on the stock.
  • 11/21/2017 – CNX Resources is now covered by analysts at B. Riley. They set a “buy” rating and a $32.00 price target on the stock.
  • 11/13/2017 – CNX Resources was given a new $21.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.

Shares of CNX Resources Corp (NYSE:CNX) traded down $0.19 during midday trading on Tuesday, reaching $14.60. 3,093,800 shares of the company were exchanged, compared to its average volume of 2,547,840. CNX Resources Corp has a fifty-two week low of $11.29 and a fifty-two week high of $16.47. The company has a market capitalization of $3,450.00, a P/E ratio of -15.05 and a beta of 1.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.94 and a quick ratio of 0.86.

CNX Resources (NYSE:CNX) last posted its quarterly earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). CNX Resources had a negative net margin of 7.49% and a positive return on equity of 1.09%. The company had revenue of $671.30 million during the quarter, compared to the consensus estimate of $623.00 million. During the same period last year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. analysts anticipate that CNX Resources Corp will post 0.13 earnings per share for the current year.

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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