CNX Resources Corporation [CNX] Stock trading around $15.88 per share: What’s Next?



CNX Resources Corporation [NYSE: CNX] traded at a high on 01/12/22, posting a 4.47 gain after which it closed the day’ session at $15.88. The company report on January 7, 2022 that CNX Resources Corporation Announces Fourth Quarter 2021 Financial Results and Conference Call Schedule.

CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q4 2021 at 6:45 a.m. Eastern Time on Thursday, January 27. At that time, CNX will issue a brief press release containing a link to presentation materials providing a Q4 2021 update, which will be available on CNX’s Investor Relations website. This release will be followed by a conference call and webcast.

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The results of the trading session contributed to over 3832374 shares changing hands. Over the past one week, the price volatility of CNX Resources Corporation stands at 4.13% while the volatility over the past one month is 3.82%.

The market cap for CNX stock reached $3.35 billion, with 215.74 million shares outstanding and 205.94 million shares in the current float. Compared to the average trading volume of 2.87M shares, CNX reached a trading volume of 3832374 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CNX Resources Corporation [CNX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNX shares is $19.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNX stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for CNX Resources Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 07, 2021. The new note on the price target was released on October 26, 2021, representing the official price target for CNX Resources Corporation stock. Previously, the target price had yet another drop from $15 to $13, while BMO Capital Markets kept a Market Perform rating on CNX stock. On July 08, 2021, analysts increased their price target for CNX shares from 15 to 16.

The Average True Range (ATR) for CNX Resources Corporation is set at 0.60, with the Price to Sales ratio for CNX stock in the period of the last 12 months amounting to 1.95. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for CNX in the course of the last twelve months was 8.53 with Quick ratio for the last quarter at 0.30.

How has CNX stock performed recently?

CNX Resources Corporation [CNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.31. With this latest performance, CNX shares gained by 14.00% in over the last four-week period, additionally plugging by 22.34% over the last 6 months – not to mention a rise of 22.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNX stock in for the last two-week period is set at 68.43, with the RSI for the last a single of trading hit 74.58, and the three-weeks RSI is set at 64.29 for CNX Resources Corporation [CNX]. The present Moving Average for the last 50 days of trading for this stock 14.27, while it was recorded at 15.09 for the last single week of trading, and 13.44 for the last 200 days.

CNX Resources Corporation [CNX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CNX Resources Corporation [CNX] shares currently have an operating margin of -7.08 and a Gross Margin at +10.86. CNX Resources Corporation’s Net Margin is presently recorded at -44.55.

Return on Total Capital for CNX is now -1.03, given the latest momentum, and Return on Invested Capital for the company is -6.96. Return on Equity for this stock declined to -11.27, with Return on Assets sitting at -5.66. When it comes to the capital structure of this company, CNX Resources Corporation [CNX] has a Total Debt to Total Equity ratio set at 57.38. Additionally, CNX Total Debt to Total Capital is recorded at 36.46, with Total Debt to Total Assets ending up at 31.56. Long-Term Debt to Equity for the company is recorded at 55.53, with the Long-Term Debt to Total Capital now at 35.28.

Reflecting on the efficiency of the workforce at the company, CNX Resources Corporation [CNX] managed to generate an average of -$1,072,672 per employee. Receivables Turnover for the company is 6.04 with a Total Asset Turnover recorded at a value of 0.13.CNX Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

Earnings analysis for CNX Resources Corporation [CNX]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CNX Resources Corporation go to 35.70%.

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Insider trade positions for CNX Resources Corporation [CNX]

There are presently around $3,080 million, or 94.40% of CNX stock, in the hands of institutional investors. The top three institutional holders of CNX stocks are: SOUTHEASTERN ASSET MANAGEMENT INC/TN/ with ownership of 28,164,597, which is approximately -0.007% of the company’s market cap and around 2.49% of the total institutional ownership; BLACKROCK INC., holding 25,698,775 shares of the stock with an approximate value of $408.1 million in CNX stocks shares; and VANGUARD GROUP INC, currently with $302.4 million in CNX stock with ownership of nearly -0.899% of the company’s market capitalization.

Positions in CNX Resources Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 124 institutional holders increased their position in CNX Resources Corporation [NYSE:CNX] by around 12,450,364 shares. Additionally, 136 investors decreased positions by around 17,618,489 shares, while 58 investors held positions by with 163,912,942 shares. The mentioned changes placed institutional holdings at 193,981,795 shares, according to the latest SEC report filing. CNX stock had 45 new institutional investments in for a total of 3,925,226 shares, while 35 institutional investors sold positions of 3,748,011 shares during the same period.