The stock of CNX Resources Corporation (NYSE:CNX) last traded at $21.09, up 0.76% from the previous session.
Data from the available sources indicates that CNX Resources Corporation (NYSE:CNX) is covered by 15 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $16.00, we find $19.00. Given the previous closing price of $20.93, this indicates a potential downside of -9.22 percent. CNX stock price is now 20.31% away from the 50-day moving average and 26.76% away from the 200-day moving average. The market capitalization of the company currently stands at $3.38B.
In total, 9 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $20.08 as their price target over the next twelve months.
With the price target of $17, Stephens recently initiated with Equal-Weight rating for CNX Resources Corporation (NYSE: CNX).
In other news, LANIGAN BERNARD JR, Director bought 137,835 shares of the company’s stock on May 30. The stock was bought for $2,100,026 at an average price of $15.24. Upon completion of the transaction, the Director now directly owns 137,835 shares in the company, valued at $2.91 million. Insiders disposed of 364,446 shares of company stock worth roughly $7.69 million over the past 1 year. A total of 3.36% 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 $13,184,000. HITE HEDGE ASSET MANAGEMENT LLC invested $13,108,000 in shares of CNX during the first quarter. In the first quarter, EA SERIES TRUST acquired a new stake in CNX Resources Corporation valued at approximately $5,839,000. EMPOWERED FUNDS, LLC acquired a new stake in CNX for approximately $5,839,000. AE WEALTH MANAGEMENT LLC purchased a new stake in CNX valued at around $3,634,000 in the second quarter. In total, there are 401 active investors with 97.50% ownership of the company’s stock.
With an opening price of $20.97 on Friday morning, CNX Resources Corporation (NYSE: CNX) set off the trading day. During the past 12 months, CNX Resources Corporation has had a low of $14.36 and a high of $21.12. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 0.60, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $5.61B, which is based on a 2.02 price-to-earnings ratio, a 0.05 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for CNX is $17.63 and a two-hundred day moving average price translates $16.65 for the stock.
The latest earnings results from CNX Resources Corporation (NYSE: CNX) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.3, missing analysts’ expectations of $0.31 by -0.01. This compares to $0.15 EPS in the same period last year. The net profit margin was 70.10% and return on equity was 62.00% for CNX. The company reported revenue of $839.7 million for the quarter, compared to $420.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 99.73 percent. For the current quarter, analysts expect CNX to generate $386.98M 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.
