The Stock Of The Week: CNX Resources Corporation (CNX)

As of Friday close, CNX Resources Corporation’s (NYSE:CNX) stock was up $0.01, moving up 0.05 percent to $18.82. The average number of shares traded per day over the past five days has been 3,229,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.47 fall in that time frame. In the last twenty days, the average volume was 3,016,815, while in the previous 50 days, it was 3,371,206.

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Since last month, CNX stock retreated -13.83%. Shares of the company fell to $18.05 on 05/10/22, the lowest level in the past month. A 52-week high of $23.33 was reached on 04/18/22 after having rallying from a 52-week low of $10.41. Since the beginning of this year, CNX’s stock price has risen by 36.87% or $5.07, and marked a new high 25 times. However, the stock has declined by -19.33% since its 52-week high.

Valuation Metrics

The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 1.40, the price-to-book (PB) ratio of 1.46, and the price-to-cash flow ratio of 6.41 may also be considered.

The latest dividend of $0.5125 per share was paid out, which is 5025.0% more than last year’s $0.01.

Financial Health

In the three months ended March 30, CNX Resources Corporation’s quick ratio stood at 0.20, while its current ratio was 0.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.74, and the total debt-to-equity ratio was 0.87. On the profitability front, the trailing twelve-month gross margin is 79.30% percent. In the year ended March 30, operating margins totaled 55.00%. Based on annual data, CNX earned -$478.08 million in gross profit and brought in $756.79 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.00%. Return on equity (ROE) for the past 12 months was -44.70%.

In CNX Resources Corporation’s quarter-end financial report for March 30, it reported total debt of $1.89 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CNX’s revenue rose 168.63% to $344.85 million during the quarter, while net income inched up to -$913.1 million. While analysts expected CNX Resources Corporation to report $0.57 quarterly earnings, the actual figure was $0.79 per share, beating the consensus estimate by 38.60%. During the quarter, the company generated -$1.11 billion in EBITDA. The liabilities of CNX Resources Corporation were 5.65 billion at the end of its most recent quarter ended March 30, and its total debt was $2.52 billion. The value of shareholders’ equity is $195.05 million.

Technical Picture

This quick technical analysis looks at CNX Resources Corporation’s (CNX) price momentum. With a historical volatility rate of 58.98%, the RSI 9-day stood at 34.67% on 13 May.

With respect to its five-day moving average, the current CNX Resources Corporation price is down by -7.24% percent or -$1.47. At present, CNX shares trade -16.06% below its 20-day simple moving average and +37.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.29% above its SMA50 and +54.14% above its SMA200.

Stochastic coefficient K was 19.36% and Stochastic coefficient D was 15.74%, while ATR was 0.99. Given the Stochastic reading of 21.10% for the 14-day period, the RSI (14) reading has been calculated as 39.25%. As of today, the MACD Oscillator reading stands at -0.84, while the 14-day reading stands at -1.19.

Analyst Ratings

CNX Resources Corporation downgraded its rating on CNX Resources Corporation (NYSE: CNX) to a Neutral in a note to investors on April 21, 2022. The analysts firm previously had an Overweight rating on the stock.CNX Resources Corporation (CNX) has been rated Hold by analysts. According to 1 brokerage firm , CNX is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate CNX Resources Corporation stock as buy, with 2 recommending it as overweight.

With a median target price of $26.50, the current consensus forecast for the stock is $21.00 – $33.00. Based on these forecasts, analysts predict CNX Resources Corporation (CNX) will achieve an average price target of $26.60.


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