J. Palmer Clarkson Purchases 20,000 Shares of CNX Resources Corp (NYSE:CNX) Stock

CNX Resources Corp (NYSE:CNX) Director J. Palmer Clarkson acquired 20,000 shares of the stock in a transaction dated Tuesday, June 25th. The shares were bought at an average cost of $6.98 per share, with a total value of $139,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

J. Palmer Clarkson also recently made the following trade(s):

  • On Monday, June 10th, J. Palmer Clarkson acquired 10,000 shares of CNX Resources stock. The shares were bought at an average cost of $7.50 per share, with a total value of $75,000.00.

NYSE CNX traded down $0.20 on Thursday, hitting $6.91. The stock had a trading volume of 2,995,482 shares, compared to its average volume of 3,913,350. The firm’s 50-day simple moving average is $7.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.62. The stock has a market cap of $1.39 billion, a PE ratio of 4.52 and a beta of 0.71. CNX Resources Corp has a one year low of $6.78 and a one year high of $17.39.

CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.07). CNX Resources had a net margin of 12.00% and a return on equity of 5.66%. The firm had revenue of $278.40 million during the quarter, compared to analysts’ expectations of $408.29 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s revenue was down 43.8% compared to the same quarter last year. On average, equities analysts predict that CNX Resources Corp will post 0.61 EPS for the current year.

Separately, Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.40.

A number of large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. bought a new stake in CNX Resources during the 1st quarter valued at approximately $452,000. Millennium Management LLC raised its stake in CNX Resources by 25.6% during the 4th quarter. Millennium Management LLC now owns 4,314,333 shares of the oil and gas producer’s stock valued at $49,270,000 after purchasing an additional 878,654 shares during the period. Norges Bank bought a new stake in CNX Resources during the 4th quarter valued at approximately $41,498,000. Prudential Financial Inc. raised its stake in CNX Resources by 4.9% during the 4th quarter. Prudential Financial Inc. now owns 2,300,835 shares of the oil and gas producer’s stock valued at $26,275,000 after purchasing an additional 107,412 shares during the period. Finally, SG Americas Securities LLC raised its stake in CNX Resources by 11.0% during the 4th quarter. SG Americas Securities LLC now owns 31,557 shares of the oil and gas producer’s stock valued at $360,000 after purchasing an additional 3,131 shares during the period. Institutional investors own 95.94% of the company’s stock.

CNX Resources Company Profile

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.

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