CNX Resources Corporation (NYSE:CNX) trading with an addition of $0.09 to $13.30 on Thursday, an upside of 0.68 percent. An average of 2,108,271 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 3,635,493 shares traded, while the 50-day average volume stands at 3,054,449.
CNX stock has increased by 9.08% in the last month. The company shares reached their 1-month lowest point of $11.42 on 09/21/21. With the stock rallying to its 52-week high on 03/29/21, shares of the company touched a low of $8.31 and a high of $15.89 in 52 weeks. It has reached a new high 19 times so far this year and achieved 22.31% or $2.39 in price. In spite of this, the price is down -16.27% from the 52-week high.
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CNX Resources Corporation (CNX) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.83 for the sector. In the last five years, CNX Resources Corporation’s PE ratio has ranged between 12.96 and 2.516. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.11, the price-to-book (PB) ratio at 0.70, and the price-to-cash flow ratio at 7.20.
The company’s most recent quarterly dividend payment was $0.5125 a share, representing a up of 98.05 from $0.01 last year.
The quick ratio of CNX Resources Corporation for the three months ended June 29 was 0.40, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.55 and a total debt to equity ratio of 0.55 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 64.50% against a 5-year average of 15.5%. CNX Resources Corporation’s EBITDA margin for the year ending June 29 is 39.13%, while its operating margin for the same period stands at 17.00%. Its gross profit as reported stood at -$429.67 million compared to revenue of $1.26 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CNX Resources Corporation’s return on assets was -3.30%, compared to 0.0% over the last five years. In the past year, the return on investment has been -6.60%, and the 5-year average is 1.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been -6.10% and the 5-year average holds at -0.8%. For the broader industry, ROE averaged 12.45 over the past year.
For the three-month period that ended June 29, CNX Resources Corporation had $2.27 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$354.06 million in the quarter, while revenues of $98.03 million were grew 58.83%. The analyst consensus anticipated CNX Resources Corporation’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.18, a -21.70% surprise. For the quarter, EBITDA amounted to -$279.19 million. Shareholders own equity worth $217.92 million.
From a technical analysis perspective, let’s take a brief look at CNX Resources Corporation (CNX) price momentum. RSI 9-day as of the close on 13 October was 61.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.42%.
As of today, CNX’s price is $13.32 -0.11% or -$0.02 from its 5-day moving average. CNX is currently trading +9.87% higher than its 20-day SMA and -5.14% lower than its 100-day SMA. However, the stock’s current price level is +11.07% above the SMA50 and +28.61% above the SMA200.
The stochastic %K and %D were 73.46% and 78.16%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 67.12% and the average true range at 0.50, the RSI (14) stands at 60.44%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at 0.28.
BMO Capital Markets downgraded CNX Resources Corporation (NYSE: CNX) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for CNX Resources Corporation (CNX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CNX, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 others rate it as a “buy”.
What is CNX’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $28.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for CNX Resources Corporation (CNX) stock is $18.17.