|Bid||16.00 x 800|
|Ask||17.45 x 4000|
|Day's Range||16.82 - 17.10|
|52 Week Range||11.34 - 18.09|
|PE Ratio (TTM)||4.13|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.20|
As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price increased ~6.0% for the week ended June 15. During the week, natural gas (BOIL) prices rose 5.0%. So, SWN’s stock price outperformed natural gas prices last week. In this part, we’ll look at the correlation between SWN stock and natural gas prices.
On Friday, June 08, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged higher at the closing bell. Seven out of nine sectors ended Friday's trading session in bullish territories. Taking into consideration last Friday's market sentiment, WallStEquities.com assessed the following Independent Oil & Gas equities this morning: Canadian Natural Resources Ltd (NYSE: CNQ), Chesapeake Energy Corp. (NYSE: CHK), Cimarex Energy Co. (NYSE: XEC), and CNX Resources Corp. (CNX).
US natural gas futures decreased 0.8% from May 31 to June 7. The iShares US Energy ETF (IYE) increased ~1.1% in the same period. The index is composed of US stocks in the energy sector. The general bullish mood in the broad equity market would have helped energy stocks rise despite the fall in crude oil and natural gas prices.
As a young man, Barry Shrewsbury dug coal in the West Virginia mines and spent his time off hunting and fishing in the rolling hills. Now, at 62, he struggles to breathe and accomplish basic tasks such as shopping and showering, and relies on a federal fund for ex-miners with black lung disease to pay for an oxygen tank and doctor visits. "The benefits are a lifeline," Shrewsbury said between labored breaths after a treatment at the Bluestone Health Center, an industrial-style building set against a leafy landscape in Princeton, West Virginia.
As of May 25, Reuters reported that 22 analysts gave recommendations on ConocoPhillips. Of the analysts, ~18% recommended a “strong buy,” ~46% recommended a “buy,” and ~36% recommended a “hold.” There weren’t any “sell” or “strong sell” recommendations.
As of May 21, according to Reuters, 31 analysts have made recommendations on Southwestern Energy (SWN). Of these, ~3% of analysts have “strong buy” recommendations, and ~13% have “buy” recommendations on the stock.
Same six have ranked on list released Monday for the past two years, but have slightly different places among the highest-earning companies.
CNX Resources Corporation (NYSE:CNX) delivered an ROE of 18.38% over the past 12 months, which is an impressive feat relative to its industry average of 11.26% during the same period.Read More...
As of May 11, 2018, Reuters reported 23 analysts having recommendations on COP. Of these, ~17% of analysts have “strong buy” ratings and ~48% of analysts have “buy” recommendations, while the remaining ~35% of analysts have “hold” recommendations on COP. There aren’t any “sell” or “strong sell” recommendations on the stock.
As of May 7, Reuters reported ten analysts with recommendations on CNX. Of these, 40% have “strong buy” ratings, 20% have “buy” ratings, and the remaining 40% have “hold” ratings for CNX. There’s no “sell” or “strong sell” recommendation on the stock.
CNX Resources (CNX) announced its 1Q18 earnings on May 3 before the market opened. In 1Q18, CNX Resources reported revenues of ~$496 million, better than the Wall Street analyst consensus of ~$394 million. In 1Q18, CNX reported adjusted profit of $0.19 per share, beating Wall Street analyst consensus for profit of $0.14 per share. To learn more about CNX’s net income and revenues, see parts 1 and 2 of this series.
For 1Q18, CNX Resources (CNX) reported total production of 129.5 Bcfe (billion cubic feet equivalent). CNX Resources’ 1Q18 production is ~36% higher than its 1Q17 production of 95 Bcfe. Sequentially, CNX Resources’ 1Q18 production is ~9% higher than 4Q17.
CNX Resources (CNX) announced its 1Q18 earnings on May 3 before the market opened. For 1Q18, CNX Resources reported revenues of ~$496 million, better than the Wall Street analyst consensus of ~$394 million.
CNX Resources (CNX) announced its 1Q18 earnings on May 3 before the market opened. Per its earnings press release, CNX reported a better-than-expected profit of ~$50 million for 1Q18. Wall Street analysts were expecting a lower profit of ~$36 million. On a year-over-year basis, CNX’s profit increased ~32% from 1Q17’s profit of ~$38 million. Sequentially and excluding one-time items, CNX’s net income turned positive from a loss of ~$52 million in 4Q17.
NEW YORK, May 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Avon ...
Mariner East 1 carries about 70,000 barrels of ethane and propane daily from the Marcellus.
CNX Resources Beats Q1 Estimates: Higher Production, Lower CostsCNX Resources beats adjusted EPS estimates in 1Q18
On a per-share basis, the Canonsburg, Pennsylvania-based company said it had profit of $2.20. The coal company posted revenue of $410.3 million in the period. Consol Energy shares have declined 21 percent ...
On a per-share basis, the Canonsburg, Pennsylvania-based company said it had profit of $2.35. Earnings, adjusted for non-recurring gains, were 19 cents per share. The results beat Wall Street expectations. ...
PITTSBURGH , May 3, 2018 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or the company) reported net income attributable to CNX shareholders of $528 million , or earnings of $2.35 ...
In 4Q17, 21 hedge funds bought CNX Resources (CNX) stock and 25 hedge funds sold CNX stock. In 4Q17, total selling hedge funds outnumbered total buying hedge funds by four. As of December 31, 2017, 36 hedge funds, which filed form 13F, held CNX in their portfolio. Out of these, four hedge funds have CNX in their top ten holdings.
As of April 25, 2018, ten analysts were covering CNX. Of these, 40% of analysts have “strong buy” ratings, 20% have “buy” ratings, while the remaining 40% of analysts have “hold” recommendations on CNX. There aren’t any “sell” or “strong sell” recommendations on the stock.