At the time of writing, CNX Resources Corp [CNX] stock is trading at $22.72, up 0.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CNX shares have gain 6.42% over the last week, with a monthly amount glided 9.55%, 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.
For the past year, the stock price of CNX Resources Corp fluctuated 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 $22.72 at the most recent close of the market. An investor can expect a potential return of 24.69% based on the average CNX price forecast.
Analyzing the CNX fundamentals
According to CNX Resources Corp [NYSE:CNX], the company’s sales were 1.50B for trailing twelve months, which represents an -54.53% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
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 22.60 points at the first support level, and at 22.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.82, and for the 2nd resistance point, it is at 22.91.
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
It is important to note that CNX Resources Corp [NYSE:CNX] has a current ratio of 0.51. In addition, the Quick Ratio stands at 0.49 and the Cash Ratio stands at 0.0. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 0.80 and price to earnings (TTM) ratio is 2.51.
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.
