Why CNX Resources Stock Is on Fire Today
Shares of CNX Resources (NYSE: CNX) rallied more than 11% by 12:30 p.m. EDT on Tuesday. Fueling the energy company's big move today was its better-than-expected third-quarter results.
Third-quarter results were solid considering the weakness in the natural gas market. Overall, the gas driller posted an adjusted net loss of $11 million, or $0.06 per share. But that was better than the loss of $0.09 per share that analysts expected. The company was able to somewhat offset lower natural gas prices by growing its volumes 8% year over year.
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Source Fool.com
