Shares of CNX Resources Corp (NYSE:CNX) reached a new 52-week low during trading on Tuesday . The company traded as low as $7.24 and last traded at $7.38, with a volume of 660216 shares trading hands. The stock had previously closed at $7.35.

CNX has been the subject of a number of recent analyst reports. TheStreet cut shares of CNX Resources from a “b-” rating to a “c+” rating in a research report on Wednesday, March 6th. Zacks Investment Research upgraded shares of CNX Resources from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.20.

The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.42 billion, a P/E ratio of 5.19 and a beta of 0.79.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.14 EPS for the quarter, missing the Zacks’ 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 the consensus estimate of $408.29 million. During the same quarter in the prior year, the company earned $0.19 EPS. CNX Resources’s quarterly revenue was down 43.8% on a year-over-year basis. Equities analysts forecast that CNX Resources Corp will post 0.67 earnings per share for the current year.

In related news, Director Bernard Lanigan, Jr. bought 198,000 shares of CNX Resources stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of $7.56 per share, with a total value of $1,496,880.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director J. Palmer Clarkson bought 10,000 shares of CNX Resources stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $7.50 per share, with a total value of $75,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 243,400 shares of company stock valued at $1,821,804. 2.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in CNX Resources by 25.6% in the 4th quarter. Millennium Management LLC now owns 4,314,333 shares of the oil and gas producer’s stock worth $49,270,000 after purchasing an additional 878,654 shares during the period. Norges Bank acquired a new position in shares of CNX Resources during the 4th quarter worth about $41,498,000. Prudential Financial Inc. boosted its stake in shares of 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 worth $26,275,000 after buying an additional 107,412 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of 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 worth $360,000 after buying an additional 3,131 shares during the last quarter. Finally, Tibra Equities Europe Ltd acquired a new position in shares of CNX Resources during the 4th quarter worth about $313,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

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About CNX Resources (NYSE:CNX)

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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