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CNX Resources (CNX) Stock Moves -1.53%: What You Should Know
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In the latest trading session, CNX Resources (CNX - Free Report) closed at $13.54, marking a -1.53% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.73%. Meanwhile, the Dow lost 1.19%, and the Nasdaq, a tech-heavy index, lost 2.07%.
Coming into today, shares of the natural gas company had lost 4.05% in the past month. In that same time, the Oils-Energy sector lost 9.99%, while the S&P 500 lost 7.09%.
CNX will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2018. The company is expected to report EPS of $0.19, up 226.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $382.15 million, down 43.07% from the year-ago period.
CNX's full-year Zacks Consensus Estimates are calling for earnings of $0.90 per share and revenue of $1.62 billion. These results would represent year-over-year changes of +662.5% and -40.18%, respectively.
Any recent changes to analyst estimates for CNX should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 22.83% higher. CNX is currently a Zacks Rank #2 (Buy).
Investors should also note CNX's current valuation metrics, including its Forward P/E ratio of 15.21. This represents a no noticeable deviation compared to its industry's average Forward P/E of 15.21.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 11% 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.
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CNX Resources (CNX) Stock Moves -1.53%: What You Should Know
In the latest trading session, CNX Resources (CNX - Free Report) closed at $13.54, marking a -1.53% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.73%. Meanwhile, the Dow lost 1.19%, and the Nasdaq, a tech-heavy index, lost 2.07%.
Coming into today, shares of the natural gas company had lost 4.05% in the past month. In that same time, the Oils-Energy sector lost 9.99%, while the S&P 500 lost 7.09%.
CNX will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2018. The company is expected to report EPS of $0.19, up 226.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $382.15 million, down 43.07% from the year-ago period.
CNX's full-year Zacks Consensus Estimates are calling for earnings of $0.90 per share and revenue of $1.62 billion. These results would represent year-over-year changes of +662.5% and -40.18%, respectively.
Any recent changes to analyst estimates for CNX should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 22.83% higher. CNX is currently a Zacks Rank #2 (Buy).
Investors should also note CNX's current valuation metrics, including its Forward P/E ratio of 15.21. This represents a no noticeable deviation compared to its industry's average Forward P/E of 15.21.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 11% 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.