We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Does CNX Resources (CNX) Stock Offer to Investors?
Read MoreHide Full Article
CNX Resources Corporation (CNX - Free Report) came into existence post the spin-off of CONSOL Energy (CONSOL). Natural gas has become the preferred choice for energy due to its clean burning nature.
Let us find out whether this natural gas focused company has the necessary fire power to gain from the increasing demand for natural gas and share benefits with investors.
Assets of the Company
This company’s operation is centered in the resource rich Appalachian Basin. Currently, the company has access to 6.3 trillion cubic feet equivalents (tcfe) of proved clean-burning natural gas reserves.
CNX Resources is among the leading natural gas operator in the Marcellus and Utica shales. The company controls more than 790,580 acres and operates 337 wells in the region.
Plans Ahead
CNX Resources’ low-cost structure and high-quality assets holding are expected to strengthen its position. The planned 2017 E&P capital expenditure is expected to range between $620 million and $645 million.
CNX Resources expects 2017 and 2018 E&P production in the range of 405-415 billion cubic feet equivalent (Bcfe) and 520-550 Bcfe, respectively. The company is expected to drill nine additional wells in 2017 and modify production protocol, which will boost production in 2018. Focus on Marcellus play will help the company produce higher natural gas volumes.
Management’s single point focus on natural gas business will help deliver stellar performance. In addition, the cost-savings initiatives will continue providing additional boost to the company’s margins.
Tough Competition
CNX Resources Corp. is a new entrant in the industry and competes with the major natural gas producers like Southwestern Energy Company , Chesapeake Energy Corp. and Anadarko Petroleum Corp. among others. These three stocks carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
What Does CNX Resources (CNX) Stock Offer to Investors?
CNX Resources Corporation (CNX - Free Report) came into existence post the spin-off of CONSOL Energy (CONSOL). Natural gas has become the preferred choice for energy due to its clean burning nature.
Let us find out whether this natural gas focused company has the necessary fire power to gain from the increasing demand for natural gas and share benefits with investors.
Assets of the Company
This company’s operation is centered in the resource rich Appalachian Basin. Currently, the company has access to 6.3 trillion cubic feet equivalents (tcfe) of proved clean-burning natural gas reserves.
CNX Resources is among the leading natural gas operator in the Marcellus and Utica shales. The company controls more than 790,580 acres and operates 337 wells in the region.
Plans Ahead
CNX Resources’ low-cost structure and high-quality assets holding are expected to strengthen its position. The planned 2017 E&P capital expenditure is expected to range between $620 million and $645 million.
CNX Resources expects 2017 and 2018 E&P production in the range of 405-415 billion cubic feet equivalent (Bcfe) and 520-550 Bcfe, respectively. The company is expected to drill nine additional wells in 2017 and modify production protocol, which will boost production in 2018. Focus on Marcellus play will help the company produce higher natural gas volumes.
Management’s single point focus on natural gas business will help deliver stellar performance. In addition, the cost-savings initiatives will continue providing additional boost to the company’s margins.
Tough Competition
CNX Resources Corp. is a new entrant in the industry and competes with the major natural gas producers like Southwestern Energy Company , Chesapeake Energy Corp. and Anadarko Petroleum Corp. among others. These three stocks carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>