At the time of writing, CNX Resources Corp [CNX] stock is trading at $36.57, down -1.69%. 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 3.22% over the last week, with a monthly amount glided 20.97%, 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 14, 2024, when CapitalOne downgraded its rating to a Equal Weight but kept the price target unchanged to $25 for it. Previously, Tudor Pickering Holt & Co. downgraded its rating to Sell on October 01, 2024. On August 15, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $20 on the stock. BofA Securities upgraded its rating to a Neutral but stick to its price target of $23 on January 05, 2024. Mizuho upgraded its rating to a Neutral. Truist upgraded its rating to Buy for this stock on December 04, 2023, and upped its price target to $27. In a note dated September 13, 2023, Scotiabank downgraded an Sector Underperform rating on this stock.
For the past year, the stock price of CNX Resources Corp fluctuated between $19.07 and $37.40. 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 $36.57 at the most recent close of the market. An investor can expect a potential drop of -26.85% based on the average CNX price forecast.
Analyzing the CNX fundamentals
According to CNX Resources Corp [NYSE:CNX], the company’s sales were 1.41B for trailing twelve months, which represents an 10.75% jump. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.5%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.76, Equity is 0.13 and Total Capital is -1.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
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 35.94 points at the first support level, and at 35.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.39, and for the 2nd resistance point, it is at 38.20.
Ratios To Look Out For
It is important to note that CNX Resources Corp [NYSE:CNX] has a current ratio of 0.37. As well, the Quick Ratio is 0.36, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 3.87, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 11.53.
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.
