The price of CNX Resources Corporation (NYSE:CNX) shares last traded on Wall Street fell -0.62% to $15.92.
Based on available information, 15 analysts follow CNX Resources Corporation (NYSE:CNX). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $15.00, we find $18.00. Given the previous closing price of $16.02, this indicates a potential upside of 12.36 percent. CNX stock price is now 1.80% away from the 50-day moving average and -3.38% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.
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Among analysts, 8 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $19.17 as their price target over the next twelve months.
Insiders disposed of 364,446 shares of company stock worth roughly $5.8 million over the past 1 year. A total of 3.27% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CNX stock. A new stake in CNX Resources Corporation shares was purchased by CINCTIVE CAPITAL MANAGEMENT LP during the first quarter worth $9,952,000. HITE HEDGE ASSET MANAGEMENT LLC invested $9,895,000 in shares of CNX during the first quarter. In the first quarter, DELPHI FINANCIAL GROUP, INC. acquired a new stake in CNX Resources Corporation valued at approximately $3,042,000. TREXQUANT INVESTMENT LP acquired a new stake in CNX for approximately $1,852,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in CNX valued at around $1,612,000 in the second quarter. In total, there are 409 active investors with 97.50% ownership of the company’s stock.
A candlestick chart of CNX Resources Corporation (NYSE: CNX) showed a price of $16.27 on Friday morning. During the past 12 months, CNX Resources Corporation has had a low of $14.36 and a high of $24.21. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 0.50, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $4.99B, which is based on a 1.96 price-to-earnings ratio, a 0.05 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for CNX is $15.65 and a two-hundred day moving average price translates $16.47 for the stock.
The latest earnings results from CNX Resources Corporation (NYSE: CNX) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.55, beating analysts’ expectations of $0.51 by 0.04. This compares to -$4.62 EPS in the same period last year. The net profit margin was 42.10% and return on equity was 54.10% for CNX. The company reported revenue of $1.28 billion for the quarter, compared to 913.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -239.74 percent. For the current quarter, analysts expect CNX to generate $422.33M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/03/2016. Investors who held shares on 02/16/2016 were paid a $0.01 dividend.
CNX Resources Corporation(CNX) Company Profile
CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas positions in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.
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