We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CNX Resources Corporation. (CNX) Stock Moves -0.13%: What You Should Know
Read MoreHide Full Article
In the latest trading session, CNX Resources Corporation. (CNX - Free Report) closed at $23.24, marking a -0.13% move from the previous day. This change was narrower than the S&P 500's 2.91% loss on the day. Meanwhile, the Dow lost 2.73%, and the Nasdaq, a tech-heavy index, lost 0.25%.
Coming into today, shares of the company had gained 23.71% in the past month. In that same time, the Oils-Energy sector gained 16.13%, while the S&P 500 gained 0.84%.
Wall Street will be looking for positivity from CNX Resources Corporation. as it approaches its next earnings report date. The company is expected to report EPS of $0.77, up 327.78% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $523.46 million, up 45.81% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3 per share and revenue of $2.07 billion, which would represent changes of +86.34% and +19.56%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CNX Resources Corporation.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 8.55% higher within the past month. CNX Resources Corporation. is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, CNX Resources Corporation. currently has a Forward P/E ratio of 7.75. For comparison, its industry has an average Forward P/E of 5.96, which means CNX Resources Corporation. is trading at a premium to the group.
We can also see that CNX currently has a PEG ratio of 0.39. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CNX's industry had an average PEG ratio of 0.28 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CNX Resources Corporation. (CNX) Stock Moves -0.13%: What You Should Know
In the latest trading session, CNX Resources Corporation. (CNX - Free Report) closed at $23.24, marking a -0.13% move from the previous day. This change was narrower than the S&P 500's 2.91% loss on the day. Meanwhile, the Dow lost 2.73%, and the Nasdaq, a tech-heavy index, lost 0.25%.
Coming into today, shares of the company had gained 23.71% in the past month. In that same time, the Oils-Energy sector gained 16.13%, while the S&P 500 gained 0.84%.
Wall Street will be looking for positivity from CNX Resources Corporation. as it approaches its next earnings report date. The company is expected to report EPS of $0.77, up 327.78% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $523.46 million, up 45.81% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3 per share and revenue of $2.07 billion, which would represent changes of +86.34% and +19.56%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CNX Resources Corporation.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 8.55% higher within the past month. CNX Resources Corporation. is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, CNX Resources Corporation. currently has a Forward P/E ratio of 7.75. For comparison, its industry has an average Forward P/E of 5.96, which means CNX Resources Corporation. is trading at a premium to the group.
We can also see that CNX currently has a PEG ratio of 0.39. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CNX's industry had an average PEG ratio of 0.28 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.