CNX - CNX Resources Corporation
| Previous Close | 10.26 |
| Open | 10.39 |
| Bid | 10.22 x 3000 |
| Ask | 0.00 x 3200 |
| Day's Range | 10.00 - 10.40 |
| 52 Week Range | 9.58 - 18.37 |
| Volume | 3,180,825 |
| Avg. Volume | 3,470,450 |
| Market Cap | 2.01B |
| Beta (3Y Monthly) | 0.39 |
| PE Ratio (TTM) | 2.77 |
| EPS (TTM) | 3.71 |
| Earnings Date | Apr 30, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2017-02-02 |
| 1y Target Est | 15.60 |
- Zacks•5 days ago
Will NextEra Energy Partners (NEP) Post a Beat in Q1 Earnings?
NextEra Energy Partners' (NEP) Q1 results to benefit from inorganic growth initiatives.
- InvestorPlace•8 days ago
FedEx Stock Is a Strong Buy Under $200
Just a year ago, FedEx (NYSE:FDX) stock was flying high, even reaching $270 per share at one point. Since then, however, FDX stock has been grounded. Economic concerns have investors fleeing FedEx and some other transportation stocks.However, not all transports have been hit equally. In fact, some of the rails, like Union Pacific (NYSE:UNP) and Canadian National Railway (NYSE:CNI) are making fresh 52-week highs. This sets up an interesting pair trade opportunity to sell the rails and buy the truck and air delivery service competitors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut first, what has gone wrong for Fedex stock? Slowing Economic OutlookOver the past three quarters, FedEx has lowered its FY '19 guidance from a starting point of $17.50 into the $16s, and now, of the latest update, just $15.50. That's an 11% decline for this year's outlook in a relatively brief period of time. The guidance range for Q4 remains fairly wide as well, suggesting that management is not confident on how this quarter will turn out.The company blamed several factors for the dramatic slowdown in the earnings outlook. The most important of these appears to be international markets. Non-U.S. revenues failed to come in like FedEx had been expecting. Regardless, management is still upbeat for fiscal year 2020, which kicks off in June of this year. * 10 Stocks That Are Screaming Buys Right Now Some of this is hard to predict. The trade war, for example, has undoubtedly pressured FedEx's business. Many analysts still expect positive developments on this front within the next couple months. In fact, much of the recent stock market rally has been built on rumors that a China-U.S. deal is drawing near. However, FedEx's results could remain choppy for a bit until a more global economic upswing takes root. Big OverreactionThe crux of the matter here, however, is that the market has drastically overreacted. The company cut 2019 guidance by around 10% and the stock lost more than a third of its value. That's a highly disproportionate response to the news. That said, you can see why the market reacted this way. FedEx cut guidance each of the last two quarters, rather than delivering all the bad news at once, giving the impression that things are steadily worsening.Still, the overall magnitude of the drop shouldn't be exaggerated. On top of that, economic indicators should start picking up again. The Fed has pivoted from a strongly hawkish position back to neutral. Letting easier credit into the economy should help consumer confidence, and thus enable FedEx's business to pick up.It's also important to remember that FedEx has tremendous franchise value due to its powerful brand and entrenched infrastructural advantages. The value of the business doesn't swing 30% in a year simply because it delivers fewer packages. FDX stock is sharply overreacting to minor economic swings that most people will forget within a couple of years. Cheap Versus the RailsThe railroad stocks are looking rather expensive at the moment. Most of the sector is trading at or near new 52-week highs and sporting fairly lofty price-to-earnings ratios for a typically sedated sector. Canadian National Railway is at 21x trailing, 18x forward earnings, for example. Union Pacific is at 21x trailing and 17x forward earnings. CSX (NYSE:CSX) is at 20x and 16x, respectively. Against that backdrop, FDX stock really pops at 16x trailing and 12x forward earnings, and that's even after the stock rallied from $170 to $195 recently.It simply doesn't make a whole lot of sense intuitively that FedEx is doing so poorly while the rails are experiencing boom times. Sure, railroads tend to carry more commodity goods, whereas FedEx has more retail and consumer traffic. Still, though, as the economy goes, if consumers aren't buying as much stuff, the demand for raw commodities will drop as well. Transports tend to trade together as a sector; it's unlikely that FedEx stock can continue to drastically underperform the rails for long. * 7 Energy Stocks to Buy as Oil Booms Bears on FDX stock can make one counterargument to this line of reasoning. FedEx acquired TNT Express in 2016, which greatly enhanced its market presence in Europe. The European economy remains among the weakest of the major developed players in the world. You can argue that FedEx is unduly struggling due to its heightened European exposure. That said, the rails have exposure to other economies as well, particularly Canada and China, which are not so hot right now either. It hardly seems fair to blame FedEx's underperformance on non-U.S. exposure. FDX Stock VerdictI personally started buying FDX stock in January at $176 per share, and I've added to my position since then. While another correction to that level would set up an amazing opportunity to take a position in this global freight leader, the current price is still more than fair.FDX stock should trade at $250 or higher based on both comparable earnings of other transportation companies and where FDX stock traded last year. Yes, there was a brief recession scare late last year. But it's over now and the Fed has reopened the cheap money taps again. Don't miss your chance to get on-board with FDX stock before it makes a full recovery.At the time of this writing, Ian Bezek owned FDX stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post FedEx Stock Is a Strong Buy Under $200 appeared first on InvestorPlace.
- Simply Wall St.•12 days ago
You Might Like CNX Resources Corporation (NYSE:CNX) But Do You Like Its Debt?
While small-cap stocks, such as CNX Resources Corporation (NYSE:CNX) with its market cap of US$2.1b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive...
- PR Newswire•19 days ago
CNX Resources Corporation and CNX Midstream Partners LP Announce First Quarter 2019 Earnings Release and Conference Call Schedule
PITTSBURGH , April 4, 2019 /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) and CNX Midstream Partners LP (NYSE: CNXM) will issue their first quarter earnings releases at 6:45 a.m. Eastern Time on Tuesday ...
- GlobeNewswire•25 days ago
Analysis: Positioning to Benefit within T-Mobile US, CNX Resources, HMS, InterDigital, Cimpress N.V, and EVO Payments — Research Highlights Growth, Revenue, and Consolidated Results
NEW YORK, March 29, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
- PR Newswire•26 days ago
CNX Resources Corporation Announces Final Results and Expiration of Tender Offer for its 5.875% Senior Notes due 2022
PITTSBURGH, March 28, 2019 /PRNewswire/ -- CNX Resources Corporation (CNX) ("CNX") today announced the final results and expiration of its previously announced cash tender offer (the "offer") to purchase up to $400.0 million (the "Tender Cap") aggregate principal amount of the then-approximately $1,294,307,000 aggregate principal amount outstanding of its 5.875% Senior Notes due 2022 (the "Notes"). As of 5:00 p.m., New York City time, on March 27, 2019, the Expiration Time for the offer, CNX had received tenders for an aggregate principal amount of $1,149,251,000 of the outstanding Notes. Because the purchase of all validly tendered Notes would cause us to purchase a principal amount greater than the Tender Cap, the offer was oversubscribed and CNX accepted for purchase Notes tendered as of 5:00 p.m., New York City time, on March 13, 2019 (the "Early Tender Deadline") on a prorated basis as described in the Offer to Purchase using a pro ration factor of approximately 34.8%.
- PR Newswire•last month
CNX Resources Corporation Announces Early Results and Early Payment Date for Tender Offer for its 5.875% Senior Notes due 2022
PITTSBURGH, March 14, 2019 /PRNewswire/ -- CNX Resources Corporation (CNX) ("CNX") today announced that it had received tenders for an aggregate principal amount of $1,149,251,000 of its outstanding 5.875% Senior Notes due 2022 (the "Notes") in its previously announced cash tender offer (the "offer") to purchase up to $400.0 million aggregate principal amount of the approximately $1,294,307,000 aggregate principal amount outstanding of the Notes, as of 5:00 p.m., New York City time, on March 13, 2019 (the "Early Tender Deadline"), as well as the anticipated early payment date for the offer on March 15, 2019 (the "Early Payment Date"). The offer will expire at 5:00 p.m. New York City Time on March 27, 2019, unless extended or earlier terminated (such time and date as the same may be extended, the "Expiration Time").
- PR Newswire•last month
CNX Resources Corporation Announces Closing of $500 Million Senior Notes Offering
PITTSBURGH, March 14, 2019 /PRNewswire/ -- CNX Resources Corporation (CNX) ("CNX") today announced the closing of its private placement of $500.0 million of its 7.25% senior notes due 2027 (the "Notes"). The Notes are guaranteed by all of CNX's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility. CNX intends to use the net proceeds of the sale of the Notes to purchase up to $400.0 million aggregate principal amount of its outstanding 5.875% senior notes due 2022 pursuant to the tender offer that commenced concurrently with the offering of the Notes, with the remainder of the net proceeds to be used to repay existing indebtedness under CNX's revolving credit facility. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws.
- Zacks•2 months ago
Ferrellgas Partners (FGP) Misses on Earnings & Revenues in Q2
Ferrellgas Partners' (FGP) fiscal second-quarter 2019 results were hurt by poor segmental performances.
- Simply Wall St.•2 months ago
Have Insiders Been Buying CNX Resources Corporation (NYSE:CNX) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mentionRead More...
- American City Business Journals•2 months ago
Investors telling gas producers to cut back, producers listening
All the major Appalachian companies are spending less this year on drilling than in previous years, either by a little or a lot.
- Zacks•2 months ago
CNX Resources (CNX) Prices Senior Notes to Refinance Debts
CNX Resources' (CNX) plans to focus on Marcellus and Utica shales will help it to meet its updated production guidance for 2019.
- PR Newswire•2 months ago
CNX Resources Corporation Announces Pricing of $500 Million of Senior Notes
The Notes will be guaranteed by all of CNX's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility. CNX intends to use the net proceeds of the sale of the Notes to purchase up to $400.0 million aggregate principal amount of its outstanding 5.875% senior notes due 2022 pursuant to the tender offer that commenced concurrently with the offering of the Notes, with the remainder of the net proceeds to be used to repay existing indebtedness under CNX's revolving credit facility. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws.
- Moody's•2 months ago
CNX Resources Corporation -- Moody's rates CNX's new notes B3
Moody's Investors Service, ("Moody's") assigned B3 rating to CNX Resources Corporation's (CNX) proposed $500 million senior unsecured notes due 2027. The balance of the proceeds from the new notes offering will be used to repay existing indebtedness under CNX's revolving credit facility. CNX's existing ratings, including its B1 Corporate Family Rating (CFR) and Positive outlook are not affected by this action.
- PR Newswire•2 months ago
CNX Resources Corporation Announces Tender Offer for its 5.875% Senior Notes due 2022
PITTSBURGH, Feb. 28, 2019 /PRNewswire/ -- CNX Resources Corporation (CNX) ("CNX") today announced that it has commenced a cash tender offer (the "offer") to purchase up to $400.0 million aggregate principal amount of the approximately $1,294,307,000 aggregate principal amount outstanding of its 5.875% Senior Notes due 2022 (the "Notes"). The offer is being made pursuant to the terms and conditions contained in the Offer to Purchase dated February 28, 2019, copies of which may be obtained from D.F. King & Co., Inc., the tender agent and information agent for the offer, by calling (800) 967-7510 (toll free) or, for banks and brokers, (212) 269-5550 or by email at cnx@dfking.com. Tendered Notes may be withdrawn at any time before the withdrawal deadline.
- PR Newswire•2 months ago
CNX Resources Corporation Announces Private Offering of $500 Million of Senior Notes
The Notes will be guaranteed by all of CNX's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility. CNX intends to use the net proceeds of the sale of the Notes to purchase up to $400.0 million aggregate principal amount of its outstanding 5.875% senior notes due 2022 pursuant to the cash tender offer that commenced concurrently with the offering of the Notes, with the remainder of the net proceeds to be used to repay existing indebtedness under CNX's revolving credit facility. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws.
- Zacks•2 months ago
WPX Energy (WPX) Earnings and Revenues Miss Estimates in Q4
Although WPX Energy's (WPX) fourth-quarter earnings and revenues miss estimates, it continues to increase U.S. oil production from Delaware and Williston Basin assets.
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Energy Transfer's (ET) Lags Q4 Earnings & Revenue Estimates
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- American City Business Journals•2 months ago
Wayward well will cost driller $30M but won't impact others on pad
CNX Resources Corp. said the Utica well whose gas leaked during the hydraulic fracturing process last month cost about $30 million. The cost of the drilling and subsequent cleanup of the Shaw 1G well was included in a 14-page Powerpoint presentation CNX (NYSE: CNX) published Tuesday. Shaw 1G had what CNX called a subsurface pressure anomaly Jan. 25, stopping hydraulic fracturing and leading to rises in pressures in nearby shallow oil and gas wells.
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Noble Energy (NBL) Beats Q4 Earnings & Revenue Estimates
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- PR Newswire•2 months ago
CNX Resources Corporation Announces Additional Disclosure Related to 2019 Guidance
PITTSBURGH , Feb. 19, 2019 /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) provides additional disclosure related to previously announced 2019 guidance. The new presentation is available on the 'Investor ...
- GuruFocus.com•2 months ago
CNX Resources Corp (CNX) Files 10-K for the Fiscal Year Ended on December 31, 2018
CNX Resources Corp is a Pittsburgh-based energy producer. CNX Resources Corp had annual average EBITDA growth of 9.50% over the past five years. Warning! GuruFocus has detected 1 Warning Sign with CNX.
- PR Newswire•2 months ago
CNX Announces Increase in Proved Reserves to 7.9 Tcfe
PITTSBURGH, Feb. 7, 2019 /PRNewswire/ -- CNX Resources Corporation (CNX) ("CNX" or "the company") announced today total proved reserves of 7.9 Tcfe, as of December 31, 2018, which is a 4% increase, compared to the previous year, despite selling approximately 825 Bcfe in proved reserves in the year through the divestiture of the company's shallow oil and gas and Ohio Utica joint venture assets. During 2018, CNX added 960 Bcfe of proved reserves through extensions and discoveries, which resulted in the company replacing 189% of its 2018 net production of 507 Bcfe. When divided by the extensions and discoveries of 960 Bcfe, this yields a drill bit F&D cost of $0.51 per Mcfe.
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