News coverage about CNX Resources (NYSE:CNX) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNX Resources earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 47.7999339834419 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- CNX Resources (CNX) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Exxon Mobil marks $4.7B in earnings (newsandsentinel.com)
- Q1 2019 EPS Estimates for CNX Resources Lifted by Analyst (CNX) (americanbankingnews.com)
- Shale drillers keep pumping (timesleaderonline.com)
- Q2 2018 EPS Estimates for CNX Resources (CNX) Lifted by Analyst (americanbankingnews.com)
CNX Resources opened at $16.15 on Tuesday, MarketBeat reports. The firm has a market capitalization of $3.39 billion, a P/E ratio of -100.94 and a beta of 1.26. CNX Resources has a 12-month low of $15.76 and a 12-month high of $16.11. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.44.
CNX Resources (NYSE:CNX) last released its earnings results on Thursday, May 3rd. The oil and gas producer reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. The firm had revenue of $496.00 million during the quarter, compared to analyst estimates of $408.68 million. CNX Resources had a return on equity of 1.36% and a net margin of 37.74%. CNX Resources’s revenue was up 55.0% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. equities research analysts predict that CNX Resources will post 0.73 earnings per share for the current year.
Several research analysts have recently commented on the company. ValuEngine upgraded CNX Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, May 4th. Zacks Investment Research upgraded CNX Resources from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Tudor Pickering upgraded CNX Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Robert W. Baird raised their price target on CNX Resources from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.90.
CNX Resources Company Profile
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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