CNX Resources Corp (CNX) concluded trading on Thursday at a closing price of $30.63, with 3.16 million shares of worth about $96.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.31% during that period and on January 16, 2025 the price saw a loss of about -0.68%. Currently the company’s common shares owned by public are about 149.26M shares, out of which, 141.68M shares are available for trading.
Stock saw a price change of -1.95% in past 5 days and over the past one month there was a price change of -18.95%. Year-to-date (YTD), CNX shares are showing a performance of -16.47% which increased to 57.08% 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 $41.93 during that period. The average intraday trading volume for CNX Resources Corp shares is 2.71 million. The stock is currently trading -9.64% below its 20-day simple moving average (SMA20), while that difference is down -16.52% for SMA50 and it goes to 3.67% higher than SMA200.
CNX Resources Corp (NYSE: CNX) currently have 149.26M outstanding shares and institutions hold larger chunk of about 107.44% of that.
The stock has a current market capitalization of $4.57B and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 9.64, while it has posted earnings per share of $3.18 in the same period. Its PEG reads 0.71 and has Quick Ratio of 0.36 while making debt-to-equity ratio of 0.56. 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 3.01% while standing at 3.96% over the month.
Analysts are in expectations that CNX Resources Corp (CNX) stock would likely to be making an EPS of 0.45 in the current quarter, while forecast for next quarter EPS is 0.63 and it is 2.34 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.33 which is 0.7 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 0.67 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -19.11% while it is estimated to increase by 31.70% in next year. EPS is likely to shrink at an annualized rate of 13.51% 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 TD Cowen on January 15, 2025 offering a Hold rating for the stock and assigned a target price of $27 to it. Coverage by Morgan Stanley stated CNX Resources Corp (CNX) stock as an Underweight in their note to investors on January 10, 2025, suggesting a price target of $29 for the stock. On December 16, 2024, Mizuho Downgrade their recommendations, while on December 05, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $37. Stock get an Underperform rating from BofA Securities on October 28, 2024.
