CNX Resources Corp (NYSE: CNX) – Not A Clear Buying Opportunity?

CNX Resources Corp (CNX) concluded trading on Thursday at a closing price of $37.20, with 4.15 million shares of worth about $154.49 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.39% during that period and on October 24, 2024 the price saw a gain of about 3.77%. Currently the company’s common shares owned by public are about 154.38M shares, out of which, 144.11M shares are available for trading.

Stock saw a price change of 6.13% in past 5 days and over the past one month there was a price change of 21.77%. Year-to-date (YTD), CNX shares are showing a performance of 86.00% which increased to 63.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.07 but also hit the highest price of $36.96 during that period. The average intraday trading volume for CNX Resources Corp shares is 2.57 million. The stock is currently trading 7.62% above its 20-day simple moving average (SMA20), while that difference is up 21.27% for SMA50 and it goes to 47.86% 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 112.02% of that.

The stock has a current market capitalization of $5.63B and its 3Y-monthly beta is at 1.38. PE ratio of stock for trailing 12 months is 12.75, while it has posted earnings per share of $2.92 in the same period. Its PEG reads 0.31 and has Quick Ratio of 0.40 while making debt-to-equity ratio of 0.57. 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 2.26% while standing at 2.86% over the month.

Stock’s fiscal year EPS is expected to drop by -22.48% while it is estimated to increase by 27.85% 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 CapitalOne on October 14, 2024 offering an Equal weight rating for the stock and assigned a target price of $25 to it. On August 15, 2024, Piper Sandler Downgrade their recommendations, while on January 05, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $23. Stock get a Neutral rating from Mizuho on January 03, 2024.

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