Should Investors Pay Attention To These Insider Trades For CNX Resources Corporation (CNX)?

The stock of CNX Resources Corporation (NYSE:CNX) decreased by -$0.13 on Friday to finish at $19.58, down -0.66 percent. The last five days have seen an average of 3,650,940 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $5.83. The average number of shares traded over the last 20 days was 3,293,490, while the average volume over the last 50 days totaled 3,316,140.

CNX stock dropped -9.98% since last month. On 05/10/22, the company’s shares reached a one-month low of $18.05. The stock touched a high of $23.33 on 04/18/22, after rallying from a low of $10.41 in 52 weeks. The price of CNX stock has risen by 42.40% or $5.83 this year, reaching a new high 25 times. Still, the stock price is down -16.07% from the 52-week high.


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Valuation Metrics

Beta for the stock is 1.28. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 1.52, and the price-to-cash flow ratio of 6.65.

Company paid $0.5125 per share in dividends, an increase of 5025.0% from $0.01 last year.

Financial Health

For the three months ended March 30, CNX Resources Corporation’s quick ratio was 0.20, while its current ratio was 0.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.74, and the total debt to equity ratio is 0.87. As far as profitability goes, gross margin for the trailing twelve months is 79.30% percent. CNX Resources Corporation’s operating margin stood at 55.00% for the same period. Based on annual data, it had gross profit of -$478.08 million and revenue of $756.79 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CNX’s return on assets (ROA) during the last 12 months has been -18.60%. There was a 21.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -44.70%.

Earnings Surprise

According to CNX Resources Corporation’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at -$913.1 million, while revenues rose by 168.63% to $344.85 million. It was predicted that CNX Resources Corporation’s quarterly earnings would be $0.79, but it ended up being $0.57, beating the consensus by 38.60%. EBITDA was -$1.11 billion for the quarter. At the end of CNX Resources Corporation’s most recent quarter ended March 30, its liabilities totaled 5.65 billion, while its total debt was $2.28 billion. Equity owned by shareholders amounts to $195.05 million.

Technical Picture

Here’s a quick look at CNX Resources Corporation’s (CNX) price momentum from a technical perspective. As of 20 May, the RSI 9-day stood at 46.93%, suggesting the stock is Neutral, with a 22.95% historical volatility rate.

The stochastic %K and %D were 43.56% and 43.41% respectively, while the average true range (ATR) was 0.96. Based on the 14-day stochastic reading of 41.92%, the RSI (14) reading is 46.79%. On the 9-day MACD Oscillator, the stock is at 0.44, and the 14-day reading is at 0.06.

Analyst Ratings

CNX Resources Corporation (NYSE: CNX) was downgraded by Piper Sandler to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned CNX Resources Corporation (CNX) an Hold rating. CNX is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.

What is CNX’s price target for the next 12 months?

The current consensus forecast for the stock is between $21.00 and $48.00, with a median target price of $25.50. In analyzing these forecasts, the average price target given by analysts for CNX Resources Corporation (CNX) is $27.80.

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