Hot Stock to Track: CNX Resources Corporation (NYSE: CNX)

On Friday, Shares of CNX Resources Corporation (NYSE: CNX) gained 1.14% to $17.28. The stock opened its trade at $17.14 and after floating in a price range of $17.02 to $17.33; the stock grabbed the investor’s attention and traded 508.86K shares as compared to its average daily volume of 2.48M shares. The stock’s insider ownership stands at 0.90%.

CNX Resources Corp. (CNX) stated first-quarter net income of $527.60M, after reporting a loss in the same period a year earlier. 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. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The natural gas company posted revenue of $495.70M in the period.

CNX has a market value of $3.80B while its EPS was booked as $3.30 in the last 12 months. The stock has 222.23M shares outstanding. In the profitability analysis, the company has gross profit margin of 62.90%. Beta value of the company was 1.04; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.10.

Chad Pitman

Chad Pitman

I am Chad Pitman and I focus on breaking news stories and ensuring we (“Stocks Market Cap”) offer timely reporting on some of the most recent stories released through market wires about “Emerging Stocks”. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for specializing in quicker moving active shares with a short term view on investment opportunities and trends.