Equities research analysts expect CNX Resources Corp (NYSE:CNX) to report earnings per share of $0.11 for the current quarter, Zacks reports. Five analysts have made estimates for CNX Resources’ earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at ($0.09). CNX Resources posted earnings of $0.42 per share during the same quarter last year, which indicates a negative year over year growth rate of 73.8%. The business is expected to report its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that CNX Resources will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.20 to $1.06. For the next financial year, analysts forecast that the firm will report earnings of $0.35 per share, with EPS estimates ranging from ($0.33) to $0.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover CNX Resources.

CNX Resources (NYSE:CNX) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). The company had revenue of $278.40 million during the quarter, compared to analyst estimates of $408.29 million. CNX Resources had a return on equity of 5.66% and a net margin of 12.00%. The business’s revenue for the quarter was down 43.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 EPS.

CNX has been the subject of several research analyst reports. TheStreet downgraded shares of CNX Resources from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th. Zacks Investment Research raised shares of CNX Resources from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.20.

CNX stock traded down $0.16 during trading on Monday, hitting $7.28. The company had a trading volume of 6,283,072 shares, compared to its average volume of 4,091,737. The company has a market capitalization of $1.42 billion, a P/E ratio of 4.76 and a beta of 0.79. CNX Resources has a fifty-two week low of $6.93 and a fifty-two week high of $18.37. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 0.49.

In other CNX Resources news, Director Bernard Lanigan, Jr. purchased 198,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was bought at an average cost of $7.56 per share, with a total value of $1,496,880.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director J. Palmer Clarkson purchased 10,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $7.50 per share, with a total value of $75,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 277,550 shares of company stock valued at $2,071,782 over the last three months. 2.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Glassman Wealth Services acquired a new stake in CNX Resources in the 1st quarter valued at about $48,000. Investors Research Corp acquired a new stake in CNX Resources in the 1st quarter valued at about $57,000. Pearl River Capital LLC lifted its holdings in CNX Resources by 1,047.6% in the 1st quarter. Pearl River Capital LLC now owns 5,738 shares of the oil and gas producer’s stock valued at $62,000 after acquiring an additional 5,238 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in CNX Resources by 869.5% in the 4th quarter. Macquarie Group Ltd. now owns 7,756 shares of the oil and gas producer’s stock valued at $89,000 after acquiring an additional 6,956 shares during the last quarter. Finally, Water Island Capital LLC acquired a new stake in CNX Resources in the 1st quarter valued at about $102,000. 95.93% of the stock is owned by institutional investors.

About CNX Resources

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.

Read More: Cost of Capital

Get a free copy of the Zacks research report on CNX Resources (CNX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.