Advertisement
Canada markets open in 6 hours 3 minutes

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7270
    +0.0007 (+0.09%)
     

  • CRUDE OIL

    83.70
    +0.97 (+1.17%)
     

  • Bitcoin CAD

    88,872.23
    +4,525.10 (+5.36%)
     

  • CMC Crypto 200

    1,334.83
    +22.20 (+1.69%)
     

  • GOLD FUTURES

    2,405.30
    +7.30 (+0.30%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • NASDAQ futures

    17,446.75
    -100.50 (-0.57%)
     

  • VOLATILITY

    18.00
    0.00 (0.00%)
     

  • FTSE

    7,846.93
    -30.12 (-0.38%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6826
    +0.0005 (+0.07%)
     

CNX Resources (CNX): Strong Industry, Solid Earnings Estimate Revisions

Radhika Saraogi
·2 min read

One stock that might be an intriguing choice for investors right now is CNX Resources Corporation CNX. This is because this security in the Oil and Gas - Exploration and Production - United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil and Gas - Exploration and Production - United States space as it currently has a Zacks Industry Rank of 55 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, CNX Resources is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

CNX Resources Corporation. Price and Consensus

CNX Resources Corporation. Price and Consensus
CNX Resources Corporation. Price and Consensus

CNX Resources Corporation. price-consensus-chart | CNX Resources Corporation. Quote

ADVERTISEMENT

In fact, over the past month, current quarter estimates have risen from 28 cents per share to 29 cents per share, while current year estimates have risen from $1.10 per share to $1.13 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider CNX Resources. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Zacks Top 10 Stocks for 2021

In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?

Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

AccessZacks Top 10 Stocks for 2021 today >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research