CNX Resources Co. (NYSE:CNX – Get Free Report) Director Bernard Lanigan, Jr. bought 45,805 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average price of $21.83 per share, with a total value of $999,923.15. Following the purchase, the director now owns 251,820 shares in the company, valued at $5,497,230.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
CNX Resources Price Performance
Shares of CNX Resources stock traded up $0.06 during midday trading on Tuesday, hitting $21.87. 1,633,055 shares of the company were exchanged, compared to its average volume of 3,014,547. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.58 and a quick ratio of 0.54. The firm has a market cap of $3.53 billion, a P/E ratio of 2.31, a PEG ratio of 2.44 and a beta of 1.36. CNX Resources Co. has a 52 week low of $14.36 and a 52 week high of $22.97. The firm has a 50 day simple moving average of $20.83 and a 200-day simple moving average of $17.78.
CNX Resources (NYSE:CNX – Get Free Report) last posted its earnings results on Thursday, July 27th. The oil and gas producer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. The business had revenue of $839.70 million during the quarter, compared to the consensus estimate of $386.68 million. CNX Resources had a return on equity of 12.98% and a net margin of 49.95%. CNX Resources’s revenue was up 99.7% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Research analysts forecast that CNX Resources Co. will post 1.6 earnings per share for the current year.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On CNX Resources
Hedge funds and other institutional investors have recently bought and sold shares of the business. Miller Wealth Advisors LLC increased its holdings in CNX Resources by 717.7% during the 1st quarter. Miller Wealth Advisors LLC now owns 1,063 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 933 shares in the last quarter. Spire Wealth Management increased its stake in shares of CNX Resources by 79.6% in the 2nd quarter. Spire Wealth Management now owns 1,390 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 616 shares during the period. Quadrant Capital Group LLC increased its stake in shares of CNX Resources by 87.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,599 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 748 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of CNX Resources in the 1st quarter valued at $53,000. Finally, Ronald Blue Trust Inc. increased its stake in shares of CNX Resources by 66.0% in the 1st quarter. Ronald Blue Trust Inc. now owns 4,238 shares of the oil and gas producer’s stock valued at $71,000 after buying an additional 1,685 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.
About CNX Resources
CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.
- Five stocks we like better than CNX Resources
- How to Invest in Hotel Stocks
- Hold-It-Forever AutoZone Pulls into Buy Zone
- Golden Cross Stocks: Pattern, Examples and Charts
- Virtual Riches: 3 Stocks Leading the VR Revolution
- Market Cap Calculator: How to Calculate Market Cap
- 5 eCommerce Companies that need to be on Your Watch List
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.