In yesterday’s Wall Street session, CNX Resources Corp (NYSE:CNX) shares traded at $33.12, down -11.25% from the previous session.
CNX stock price is now -11.60% away from the 50-day moving average and 13.23% away from the 200-day moving average. The market capitalization of the company currently stands at $4.39B.
With the price target enhanced from $33 to $38, Mizuho Downgraded its rating from Neutral to Underperform for CNX Resources Corp (NYSE: CNX). On December 05, 2024, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock increasing its target price from $31 to quote $37, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, LANIGAN BERNARD JR, Director bought 75,000 shares of the company’s stock on Sep 09 ’24. The stock was bought for $2,010,750 at an average price of $26.81. Upon completion of the transaction, the Director now directly owns 401,820 shares in the company, valued at $13.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Director LANIGAN BERNARD JR bought 75,000 shares of the business’s stock. A total of $2,005,500 was incurred on buying the stock at an average price of $26.74. This leaves the insider owning 326,820 shares of the company worth $10.82 million. A total of 4.76% of the company’s stock is owned by insiders.
During the past 12 months, CNX Resources Corp has had a low of $19.07 and a high of $41.93. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 0.37, and a quick ratio of 0.36. According to the stock market information, the enterprise value for the company is $7346816512, which is based on a 10.42 price-to-earnings ratio, a 0.77 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for CNX is $37.4662 and a two-hundred day moving average price translates $29.24995 for the stock.
The latest earnings results from CNX Resources Corp (NYSE: CNX) was released for 2024-09-30. The net profit margin was 41.92% and return on equity was 14.41% for CNX. The company reported revenue of $424.21 million for the quarter, compared to $350.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.03 percent.
