CNX Resources Corp [CNX] stock is trading at $36.29, up 4.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNX shares have gain 6.42% over the last week, with a monthly amount glided 34.16%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CNX Resources Corp [NYSE: CNX] stock has seen the most recent analyst activity on October 01, 2024, when Tudor Pickering Holt & Co. downgraded its rating to a Sell. Previously, Piper Sandler downgraded its rating to Underweight on August 15, 2024, and dropped its price target to $20. On January 05, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $23 on the stock. Mizuho upgraded its rating to a Neutral. Truist upgraded its rating to a Buy and raised its price target to $27 on December 04, 2023. Scotiabank downgraded its rating to Sector Underperform for this stock on September 13, 2023. In a note dated April 25, 2023, Stephens initiated an Equal-Weight rating and provided a target price of $17 on this stock.
CNX Resources Corp [CNX] stock has fluctuated between $19.07 and $34.83 over the past year. Currently, Wall Street analysts expect the stock to reach $26.75 within the next 12 months. CNX Resources Corp [NYSE: CNX] shares were valued at $36.29 at the most recent close of the market. An investor can expect a potential drop of -26.29% based on the average CNX price forecast.
Analyzing the CNX fundamentals
CNX Resources Corp [NYSE:CNX] reported sales of 1.38B for the trailing twelve months, which represents a growth of 3.75%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.49%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.55.
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 34.93 points at the first support level, and at 33.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.30, and for the 2nd resistance point, it is at 38.32.
Ratios To Look Out For
For context, CNX Resources Corp’s Current Ratio is 0.41. On the other hand, the Quick Ratio is 0.40, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 3.98, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 12.44.
Transactions by insiders
Recent insider trading involved LANIGAN BERNARD JR, Director, that happened on Sep 09 ’24 when 75000.0 shares were purchased. Director, LANIGAN BERNARD JR completed a deal on Aug 20 ’24 to buy 75000.0 shares. Meanwhile, EVP and General Counsel Bedard Timothy Scott bought 1226.0 shares on Feb 23 ’24.
