Dernières nouvelles pour CNX Resources (NYSE:CNX) Stock

CNX Resources

CNX Resources Corp is an independent low carbon intensity natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.

CNX Resources Corp

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CNBC Halftime Report Final Trades: CNX Resources Corp, EQT Corp, Bitcoin - United States Dollar

JP Morgan analyst Zach Parham maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Neutral and lowers the price target from $32 to $31.

Price Target

JP Morgan Maintains Neutral on CNX Resources, Lowers Price Target to $31

Truist Securities analyst Neal Dingmann downgrades CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) from Buy to Hold and lowers the price target from $38 to $34.

Downgrades

Truist Securities Downgrades CNX Resources to Hold, Lowers Price Target to $34

Stephens &amp; Co. analyst Mike Scialla maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Equal-Weight and raises the price target from $26 to $35.

Stephens & Co. Maintains Equal-Weight on CNX Resources, Raises Price Target to $35

CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.30 by 23.33 percent. This is a 208.33 percent increase over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $424.210 million which beat the analyst consensus estimate of $388.497 million by 9.19 percent. This is a 21.03 percent increase over sales of $350.510 million the same period last year.

Earnings

Earnings Beats

CNX Resources Q3 2024 GAAP EPS $0.37 Beats $0.30 Estimate, Sales $424.210M Beat $388.497M Estimate

Capital One analyst Brian Velie downgrades CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) from Overweight to Equal-Weight and announces $25 price target.

Capital One Downgrades CNX Resources to Equal-Weight, Announces $25 Price Target

Mizuho analyst Nitin Kumar maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Neutral and raises the price target from $32 to $33.

Mizuho Maintains Neutral on CNX Resources, Raises Price Target to $33

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Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

BMO Capital analyst Phillip Jungwirth maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Market Perform and raises the price target from $26 to $29.

BMO Capital Maintains Market Perform on CNX Resources, Raises Price Target to $29

Truist Securities analyst Neal Dingmann maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Buy and raises the price target from $31 to $38.

Truist Securities Maintains Buy on CNX Resources, Raises Price Target to $38

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Shares of energy companies are trading higher amid a rise in oil after the Israeli military carried out an airstrike on Hezbollah headquarters in Beirut, Lebanon. Also, Israeli Prime Minister Netanyahu, in a speech to the UN, mentioned Hezbollah and said his country has "every right to remove this threat and return our citizens to their homes safely."

Mizuho analyst Nitin Kumar maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Neutral and raises the price target from $30 to $32.

Mizuho Maintains Neutral on CNX Resources, Raises Price Target to $32

JP Morgan analyst Zach Parham maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Neutral and raises the price target from $26 to $27.

JP Morgan Maintains Neutral on CNX Resources, Raises Price Target to $27

Scotiabank analyst Cameron Bean maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Sector Underperform and raises the price target from $25 to $27.

Scotiabank Maintains Sector Underperform on CNX Resources, Raises Price Target to $27

Piper Sandler analyst Mark Lear downgrades CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) from Neutral to Underweight and lowers the price target from $22 to $20.

Piper Sandler Downgrades CNX Resources to Underweight, Lowers Price Target to $20

Shares of oil and gas companies are trading higher amid a rebound in the price of oil.

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Shares of oil and gas stocks are trading lower despite Middle East tensions. Weak US economic data may be weighing on demand outlook.

CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.28 by 28.57 percent. This is a 20 percent increase over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $346.000 million which missed the analyst consensus estimate of $372.665 million by 7.16 percent. This is a 2.67 percent increase over sales of $337.000 million the same period last year.

Earnings Misses

CNX Resources Q2 2024 Adj EPS $0.36 Beats $0.28 Estimate, Sales $346.000M Miss $372.665M Estimate

CNX Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnx#NYSE">CNX</a>) is scheduled to release second-quarter 2024 results on Jul 25, before market open. The company delivered an earnings surprise of 25% in the last reported quarter.
Let&#39;s discuss the factors that are likely to be reflected in the upcoming quarterly results.
<h3>Factors to Note</h3>
CNX Resources&#39; free cash flow generation and utilization of the same are likely to have continued to help repurchase shares and reduce debts in the second quarter.
The systematic buybacks during the quarter are expected to have boosted earnings per share. Ongoing debt reduction is likely to have resulted in decreased interest expenses.
The company&#39;s bottom line is expected to have benefited from its decision to delay completion activities on three Marcellus Shale pads, consisting of 11 wells, due to the challenging near-term gas market conditions. CNX&#39;s expects lower natural gas prices on unhedged volumes and curtailed production volumes to be largely offset by the deferral in capital activity and stronger NGL prices.
<h3>Q2 Expectations</h3>
The Zacks Consensus Estimate for earnings is pegged at 27 cents per share, indicating a year-over-year decrease of 6.9%. The Zacks Consensus Estimate for revenues is pinned at $387.3 million, indicating a year-over-year increase of 14.9%.
The consensus mark for total production volumes is pegged at 135.4 billion cubic feet equivalent, up 0.9% year over year. The consensus estimate for average natural gas sales price is pinned at $1.66 per thousand cubic feet equivalent, down 7.8% year over year. The consensus mark for average sales price of NGL is pegged at $22.56 per barrel, up 18.2% from that registered in the year-ago quarter.
The Zacks Consensus Estimate for the average sales price of Oil/Condensate is pinned at $68.9 per barrel, up 8.6% from the year-ago quarter&#39;s figure.
<h3>What the Zacks Model Unveils</h3>
Our proven model predicts an earnings beat for CNX Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) increases the odds of an earnings beat, which is the case here.
<div class="chart_embed">
<h3>CNX Resources Corporation. Price and EPS Surprise</h3>
<img alt="CNX Resources Corporation. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b1/1721736735.png" style="height:301px; width:615px" title="" />
CNX Resources Corporation. price-eps-surprise | CNX Resources Corporation&nbsp;Quote
Earnings ESP: The company&#39;s Earnings ESP is +6.21%.
Zacks Rank: Currently, CNX Resources carries a Zacks Rank #3.
</div>
<h3>Other Stocks to Consider</h3>
Investors may also consider the following players from the same sector as these too have the right combination of elements to post an earnings beat this reporting cycle.
NextEra Energy Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nep#NYSE">NEP</a>) is expected to post an earnings beat when it announces second-quarter results on Jul 24, before market open. It has an Earnings ESP of +8.11% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for second-quarter earnings has increased 1.7% to 59 cents per unit in the past 30 days. The Zacks Consensus Estimate for sales calls for a year-over-year increase of 4.8%.
Plains All American Pipeline (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paa#NASDAQ">PAA</a>) is likely to come up with an earnings beat when it announces second-quarter results on Aug 2, before market open. It has an Earnings ESP of +2.25% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for earnings has increased 26.9% to 33 cents per unit in the past 60 days. The firm delivered an average earnings surprise of 20.1% in the last four quarters.
Energy Transfer (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/et#NYSE">ET</a>) is expected to post an earnings beat when it announces second-quarter results on Aug 7, after market close. It has an Earnings ESP of +12.36% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for earnings has increased 5.9% to 36 cents per unit in the past 60 days. The firm delivered an average earnings surprise of 1.7% in the last four quarters.
<a href="https://www.zacks.com/stock/news/2306926/what-s-in-store-for-cnx-resources-cnx-in-q2-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2306926">To read this article on Zacks.com click here.</a>

Buybacks

Markets

What's in Store for CNX Resources in Q2 Earnings?

Truist Securities analyst Bertrand Hodee maintains CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) with a Buy and raises the price target from $30 to $31.

Truist Securities Maintains Buy on CNX Resources, Raises Price Target to $31

There's a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Permian Resources (PR – Research Report) and CNX Resourc...

Analysts Offer Insights on Energy Companies: Permian Resources (PR) and CNX Resources (CNX)

Scotiabank analyst Cameron Bean maintained a Sell rating on CNX Resources (CNX – Research Report) today and set a price target of $27.00. The compa...

Scotiabank Sticks to Its Sell Rating for CNX Resources (CNX)

Mizuho Securities analyst Nitin Kumar CFA has maintained their neutral stance on CNX stock, giving a Hold rating on October 25. Nitin Kumar CFA has...

CNX Resources: Balanced Outlook with Hold Rating Amid Valuation and Legislative Uncertainties

Truist analyst Bertrand Donnes downgraded CNX Resources (CNX) to Hold from Buy with a price target of $34, down from $38, post the Q3 report. Given...

CNX Resources downgraded to Hold from Buy at Truist

BofA analyst Noah Hungness reinstated coverage of CNX Resources (CNX) with an Underperform rating and $34 price target CNX is the top performing E&...

CNX Resources reinstated with an Underperform at BofA

CNX Resources cut at Truist as gains seen limited until regulatory landscape pans out

Natural gas names reinstated at BofA, seeing capital discipline lifting stocks in 2025

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Diversified Energy price target raised to $21 from $19 at Truist

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Invesco Main Street Small Cap Fund Q3 2024 Commentary

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Commodities

Press Releases

CNX Reports First Quarter Results

KeyState, CNX Advancing Transformational Hydrogen and Sustainable Aviation Fuel Hub at Pittsburgh International Airport

CNX Releases 'Radically Transparent' Corporate Sustainability Report

CNX Resources Corporation Announces Second Quarter 2024 Financial Results and Q&A Conference Call Schedule

CNX Reports Second Quarter Results

Initial Results From First-of-its-Kind Public-Private Data Monitoring and Disclosure Collaboration Demonstrating that CNX Natural Gas Development is Safe and Poses No Public Health Risks

WhiteHawk Energy Announces Natural Gas Mineral and Royalty Acquisition of 435,000 Gross Unit Acres in Core of Marcellus Shale

CNX Resources Corporation Announces Third Quarter 2024 Financial Results and Q&A Conference Call Schedule

Arch Resources and CONSOL Energy Announce Expiration of Hart-Scott-Rodino Act Waiting Period in Respect of Pending Merger

CNX Reports Third Quarter Results

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