The stock of CNX Resources Corp (NYSE:CNX) last traded at $23.94, down -1.12% from the previous session.
CNX stock price is now 7.21% away from the 50-day moving average and 12.38% away from the 200-day moving average. The market capitalization of the company currently stands at $3.67B.
With the price target maintained at $23, BofA Securities recently Upgraded its rating from Underperform to Neutral for CNX Resources Corp (NYSE: CNX). , while ‘Truist’ rates the stock as ‘Buy’
In other news, Bedard Timothy Scott, EVP and General Counsel sold 1,226 shares of the company’s stock on Feb 26 ’24. The stock was sold for $25,538 at an average price of $20.83. Upon completion of the transaction, the EVP and General Counsel now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, EVP and General Counsel Bedard Timothy Scott sold 1,226 shares of the business’s stock. A total of $25,538 was realized by selling the stock at an average price of $20.83. A total of 4.18% of the company’s stock is owned by insiders.
During the past 12 months, CNX Resources Corp has had a low of $14.36 and a high of $24.82. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 0.51, and a quick ratio of 0.49.
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 $6.00 EPS in the same period last year. The net profit margin was 115.97% and return on equity was 47.72% for CNX. The company reported revenue of $968.76 million for the quarter, compared to $1.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.81 percent. For the current quarter, analysts expect CNX to generate $397.62M in revenue.
