A share price of CNX Resources Corp [CNX] is currently trading at $22.41, up 3.85%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CNX shares have gain 3.27% over the last week, with a monthly amount glided 13.87%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, CNX Announces Operational and Guidance Update. In a post published today on Yahoo Finance, CNX Resources Corporation (NYSE: CNX) (“CNX” or “the company”) today announced an operational and guidance update.
From an analyst’s perspective:
CNX Resources Corp [NYSE: CNX] stock has seen the most recent analyst activity on January 05, 2024, when BofA Securities upgraded its rating to a Neutral but kept the price target unchanged to $23 for it. Previously, Mizuho upgraded its rating to Neutral on January 03, 2024. On December 04, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $27 on the stock. Scotiabank downgraded its rating to a Sector Underperform. Stephens initiated its recommendation with a Equal-Weight and recommended $17 as its price target on April 25, 2023. Mizuho started tracking with a Underperform rating for this stock on January 10, 2023, and assigned it a price target of $19. In a note dated September 19, 2022, BofA Securities reiterated an Underperform rating on this stock and revised its target price from $25 to $23.
CNX Resources Corp experienced fluctuations in its stock price throughout the past year between $14.36 and $23.68. Currently, Wall Street analysts expect the stock to reach $28.33 within the next 12 months. CNX Resources Corp [NYSE: CNX] shares were valued at $22.41 at the most recent close of the market. An investor can expect a potential return of 26.42% based on the average CNX price forecast.
Analyzing the CNX fundamentals
Trailing Twelve Months sales for CNX Resources Corp [NYSE:CNX] were 1.50B which represents -54.53% decline. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 1.5%, and Net Profit Margin reading is 1.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 0.43 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.66 points at the first support level, and at 20.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.79, and for the 2nd resistance point, it is at 23.17.
CNX Resources Corp [CNX] reported earnings per share of $0.67 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.29/share, meaning a difference of $0.38 and a surprise factor of 131.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.35 per share as compared to estimates of $0.32 per share, a difference of $0.03 representing a surprise of 9.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for CNX Resources Corp [NYSE:CNX] is 0.51. As well, the Quick Ratio is 0.49, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.26, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 2.47.
Transactions by insiders
Recent insider trading involved Bedard Timothy Scott, EVP and General Counsel, that happened on Feb 26 ’24 when 1226.0 shares were sold. EVP and General Counsel, Bedard Timothy Scott completed a deal on Feb 26 ’24 to sell 1226.0 shares. Meanwhile, EVP and General Counsel Bedard Timothy Scott bought 1226.0 shares on Feb 23 ’24.
