An Important Check-Up On CNX Resources Corp (NYSE: CNX)

CNX Resources Corp (CNX) concluded trading on Wednesday at a closing price of $24.15, with 3.11 million shares of worth about $75.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.72% during that period and on April 3, 2024 the price saw a gain of about 1.05%. Currently the company’s common shares owned by public are about 154.38M shares, out of which, 146.67M shares are available for trading.

Stock saw a price change of 5.27% in past 5 days and over the past one month there was a price change of 12.64%. Year-to-date (YTD), CNX shares are showing a performance of 20.75% which increased to 50.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.36 but also hit the highest price of $24.19 during that period. The average intraday trading volume for CNX Resources Corp shares is 3.11 million. The stock is currently trading 8.72% above its 20-day simple moving average (SMA20), while that difference is up 14.65% for SMA50 and it goes to 16.30% higher than SMA200.

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CNX Resources Corp (NYSE: CNX) currently have 154.38M outstanding shares and institutions hold larger chunk of about 104.06% of that.

The stock has a current market capitalization of $3.70B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 2.67, while it has posted earnings per share of $9.06 in the same period. Its PEG reads 0.06 and has Quick Ratio of 0.49 while making debt-to-equity ratio of 0.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNX, volatility over the week remained 2.71% while standing at 2.36% over the month.

Analysts are in expectations that CNX Resources Corp (CNX) stock would likely to be making an EPS of $0.44 in the current quarter, while forecast for next quarter EPS is $0.36 and it is $2.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.28 which is $0.62 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.55 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -22.57% while it is estimated to increase by 37.76% in next year. EPS is likely to grow at an annualized rate of 41.60% for next 5-years, compared to annual growth of 19.28% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 05, 2024 offering a Neutral rating for the stock and assigned a target price of $23 to it. Stock get an Equal-weight rating from Stephens on April 25, 2023.

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