Shares of CNX Resources Corp (NYSE:CNX) traded up 4.6% on Wednesday . The company traded as high as $6.11 and last traded at $6.32, 157,590 shares changed hands during trading. A decline of 98% from the average session volume of 8,275,963 shares. The stock had previously closed at $6.04.
The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -11.48 and a beta of 0.79. The business has a fifty day moving average of $6.19 and a two-hundred day moving average of $7.39.
CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, January 30th. The oil and gas producer reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.49. The business had revenue of $508.99 million for the quarter, compared to analyst estimates of $386.35 million. CNX Resources had a positive return on equity of 1.00% and a negative net margin of 4.20%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. As a group, sell-side analysts predict that CNX Resources Corp will post 0.13 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in CNX Resources by 480.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,250 shares of the oil and gas producer’s stock valued at $64,000 after purchasing an additional 6,000 shares during the period. Aigen Investment Management LP bought a new stake in CNX Resources in the 4th quarter valued at $70,000. Dynamic Technology Lab Private Ltd bought a new stake in CNX Resources in the 4th quarter valued at $96,000. Cornerstone Investment Partners LLC bought a new stake in CNX Resources in the 4th quarter valued at $97,000. Finally, Magnus Financial Group LLC bought a new stake in CNX Resources in the 4th quarter valued at $120,000. Institutional investors and hedge funds own 98.85% of the company’s stock.
About CNX Resources (NYSE:CNX)
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: What are gap-down stocks?
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.