CNX Resources (CNX) Earning Somewhat Favorable Press Coverage, Accern Reports

Media coverage about CNX Resources (NYSE:CNX) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNX Resources earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the oil and gas producer an impact score of 47.224518589965 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

CNX has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 target price on shares of CNX Resources in a report on Friday, October 13th. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of CNX Resources in a report on Tuesday, October 10th. SunTrust Banks raised shares of CNX Resources from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Seaport Global Securities initiated coverage on shares of CNX Resources in a report on Thursday, November 30th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, B. Riley initiated coverage on shares of CNX Resources in a report on Tuesday, November 21st. They issued a “buy” rating and a $32.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.91.

CNX Resources (CNX) opened at $15.19 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a market cap of $3,500.00, a price-to-earnings ratio of -15.66 and a beta of 1.52. CNX Resources has a 12 month low of $11.35 and a 12 month high of $16.55.

CNX Resources (NYSE:CNX) last announced its quarterly earnings data on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share (EPS) 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 firm had revenue of $671.30 million during the quarter, compared to analyst estimates of $623.00 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. equities research analysts anticipate that CNX Resources will post 0.13 earnings per share for the current fiscal year.

CNX Resources declared that its board has authorized a share buyback program on Tuesday, October 31st that authorizes the company to buyback $369.00 million in outstanding shares. This buyback authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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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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