14.55 0.00 (0.00%)
After hours: 4:33PM EDT
|Bid||13.56 x 1100|
|Ask||15.10 x 4000|
|Day's Range||14.44 - 14.87|
|52 Week Range||11.69 - 18.37|
|PE Ratio (TTM)||4.00|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.47|
CNX Resources (CNX), a natural gas–weighted E&P company with a strong focus in the Appalachian region, was downgraded by Goldman Sachs last week. Goldman Sachs lowered CNX Resources to “sell.” Raymond James downgraded CNX Resources to “underperform,” which is equivalent to “sell” from “market perform,” which is equivalent to “hold.” These are the only two rating updates that CNX Resources has seen in 2018. Now, 50% of the analysts surveyed by Reuters rate CNX Resources as a “buy,” 30% rate it as a “hold,” and 20% rate it as a “sell.” CNX Resources’ average target price of $20. ...
PITTSBURGH, Aug. 31, 2018 /PRNewswire/ -- CNX Resources Corporation (CNX) ("CNX" or "the company") today announced that it has closed on its previously announced agreement to sell substantially all its Ohio Utica Joint Venture Assets for approximately $400 million. CNX Resources Corporation (CNX) is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. As of December 31, 2017, CNX had 7.6 trillion cubic feet equivalent of proved natural gas reserves.
NEW YORK, Aug. 09, 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 AMERISAFE, ...
Rise in CNX Resources' (CNX) second-quarter total revenues is courtesy of a solid contribution from Natural Gas, driven primarily by substantial growth in Utica Shale volumes.
The Canonsburg, Pennsylvania-based company said it had net income of 19 cents per share. Earnings, adjusted for non-recurring costs, came to 42 cents per share. The results exceeded Wall Street expectations. ...
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / CNX Resources Corporation (NYSE: CNX ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 10:00 AM Eastern ...
As of July 25, Reuters reported that of the 32 analysts covering Southwestern Energy (SWN), ~3% of analysts have “strong buy” and ~13% of analysts have “buy” recommendations on the stock. Around 68% of analysts have “hold” recommendations, and ~16% have “sell” recommendations on SWN. There aren’t any “strong sell” recommendations on the stock.
PITTSBURGH , Aug. 2, 2018 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or the company) reports second quarter results. Throughout this release, CNX distinguishes between "attributable ...
On July 30, a Reuters survey showed that OPEC’s crude oil production increased by 70,000 bpd (barrels per day) to 32.64 MMbpd in July—compared to the previous month. The rise in OPEC’s crude oil production pressured oil prices. Brent and WTI oil prices fell 1.1% and 2%, respectively, on July 31.
For Q2 2018, Southwestern Energy (SWN) expects total production in a range of 225–233 Bcfe (billion cubic feet equivalent). On a year-over-year basis, Southwestern Energy’s second-quarter 2018 production guidance is ~4% higher when compared with Q2 2017 production of 222 Bcfe. Even sequentially, Southwestern Energy’s Q2 2018 production guidance is higher by ~1% when compared with Q1 2018 production of 226 Bcfe.
Will Southwestern Energy Report Higher Second-Quarter Profits?Southwestern Energy’s Q2 2018 net income estimates
In Q1 2018, 140 funds bought CNX Resources (CNX), which means they either created new positions or added to existing positions in the stock. In the same quarter, 128 funds sold the stock and either closed their entire position or reduced existing positions of CNX stock. That means that total buying funds outnumbered selling funds by 12 during the second quarter. As of March 31, 283 funds that filed the 13F form held CNX in their portfolio. Out of these, nine funds had CNX in their top ten holdings.
As of July 26, ten analysts were covering CNX Resources (CNX). Of these analysts, ~40% of these analysts have “strong buy” and ~10% of the analysts had “buy” recommendations. Around 50% of analysts had “hold” recommendations on the stock. There aren’t any “sell” or “strong sell” recommendations on the stock.
As of July 26, 2018, CNX Resources (CNX) had an implied volatility of ~37.2%, which is lower when compared with its implied volatility of ~39.1% at the end of Q2 2018.
Of these, ~27% analysts gave it “strong buys,” ~35% gave it “buys,” and ~38% gave it “holds.” There were no “sell” or “strong sell” recommendations on the stock.
CNX Resources (CNX) beat the consensus EPS estimates in Q2 2017 and Q1 2018 but missed EPS estimates in Q3 2017 and Q4 2017. Thus, in the last four quarters, CNX beat the consensus EPS estimate 50% of the time and missed the consensus EPS estimate 50% of the time.
Wall Street analysts expect CNX Resources (CNX) to report ~109% year-over-year higher operating cash flow of ~$186 million in Q2 2018 from ~$89 million in Q2 2017. On a sequential basis, CNX’s estimated Q2 2018 operating cash flow is lower by ~28% when compared with ~$259 million in Q1 2018.
CNX Resources (CNX) didn’t give specific production guidance for Q2 2018. However, in its Q1 2018 earnings press release, CNX Resources provided guidance on its full-year 2018 production. For full-year 2018, CNX expects total production in a range of 500–525 Bcfe (billion cubic feet equivalent), which represents a midpoint increase of ~26% from the production of 407 Bcfe in 2017.
For Q2 2018, Wall Street analysts expect CNX Resources (CNX) to report revenues of ~$383 million. On a year-over-year basis, CNX’s Q2 2018 revenue expectations are lower by ~56% when compared with Q2 2017 revenues of ~$866 million. Sequentially, CNX Resources’ Q2 2018 revenue expectations are lower by ~17% when compared with Q1 2018 revenues of ~$461 million.
Of the seven analysts covering California Resources (CRC) on July 23, ~14% recommended “strong buy,” ~14% recommended “buy,” and ~72% recommended “hold.” Their median target price for CRC was $39, which was ~3% lower than its July 23 price of $40.30. Their highest target price for CRC was $70, and their lowest was $29. In the last three months, analysts’ median target price for CRC has increased from $24.50 to $39.
As of July 19, Reuters reported that 26 analysts are covering Marathon Oil (MRO) stock. About 19% of them have given MRO a “strong buy,” and 42% have rated it a “buy.” About 39% of the analysts have recommended a “hold.” There are no “sell” or “strong sell” recommendations for the stock.
This Tuesday, WallStEquities.com has initiated reports coverage on the following Independent Oil & Gas equities: Cimarex Energy Co. (NYSE: XEC), CNX Resources Corp. (NYSE: CNX), Gulfport Energy Corp. (NASDAQ: GPOR), and Kosmos Energy Ltd (NYSE: KOS). All you have to do is sign up today for this free limited time offer by clicking the link below.
As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price had decreased ~2% from July 9 to July 13. Natural gas (BOIL) prices fell almost 4%. So SWN’s stock price outperformed natural gas prices last week. In this part of our series, we’ll look at the correlation between SWN’s stock and natural gas prices.