Stocks of CNX Resources Corp (NYSE:CNX) traded higher last session on Wall Street, down -0.36% to $21.94.
According to the data, CNX Resources Corp (NYSE:CNX) has 15 analysts covering its stock. 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 $18.00, we find $23.50. Given the previous closing price of $22.02, this indicates a potential upside of 6.72 percent. CNX stock price is now -1.52% away from the 50-day moving average and 21.29% away from the 200-day moving average. The market capitalization of the company currently stands at $3.54B.
A total of 9 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $23.00 as their price target over the next twelve months.
In other news, LANIGAN BERNARD JR, Director bought 45,805 shares of the company’s stock on Sep 18. The stock was bought for $999,923 at an average price of $21.83. Upon completion of the transaction, the Director now directly owns 251,820 shares in the company, valued at $5.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Director LANIGAN BERNARD JR bought 98,635 shares of the business’s stock. A total of $2,169,970 was incurred on buying the stock at an average price of $22.00. This leaves the insider owning 206,015 shares of the company worth $4.52 million. Insiders disposed of 393,084 shares of company stock worth roughly $8.62 million over the past 1 year. A total of 3.06% 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 Corp shares was purchased by MARSHALL WACE, LLP during the first quarter worth $43,645,000. MAN GROUP PLC invested $12,271,000 in shares of CNX during the first quarter. In the first quarter, EA SERIES TRUST acquired a new stake in CNX Resources Corp valued at approximately $6,075,000. EMPOWERED FUNDS, LLC acquired a new stake in CNX for approximately $6,075,000. SG AMERICAS SECURITIES, LLC purchased a new stake in CNX valued at around $3,856,000 in the second quarter. In total, there are 401 active investors with 96.18% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $21.83 for CNX Resources Corp (NYSE: CNX). During the past 12 months, CNX Resources Corp has had a low of $14.36 and a high of $23.68. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 0.30, and a quick ratio of 0.28. According to the stock market information, the enterprise value for the company is $5.81B, which is based on a 1.85 price-to-earnings ratio, a 0.04 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for CNX is $22.28 and a two-hundred day moving average price translates $18.12 for the stock.
The latest earnings results from CNX Resources Corp (NYSE: CNX) was released for Sep, 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 -$2.28 EPS in the same period last year. The net profit margin was 120.64% and return on equity was 80.26% for CNX. The company reported revenue of $350.51 million for the quarter, compared to $117.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 199.42 percent. For the current quarter, analysts expect CNX to generate $398.54M 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 Corp(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.
