CNX Resources Corporation [NYSE: CNX] stock went on an upward path that rose over 0.83% on Wednesday, amounting to a one-week price decrease of less than -9.82%. The company report on June 16, 2022 that CNX Submits Comment Letter to SEC on Proposed Climate Rules.
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Requests Standardization Apply Equally to All to Avoid Misinforming Investors and to Improve Accuracy and Transparency.
In a letter to the U.S. Securities and Exchange Commission (SEC), CNX Resources Corporation (NYSE: CNX) offers insights to the agency on behalf of the company’s stakeholders.
Over the last 12 months, CNX stock rose by 19.58%. The one-year CNX Resources Corporation stock forecast points to a potential upside of 43.51. The average equity rating for CNX stock is currently 2.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.06 billion, with 199.85 million shares outstanding and 189.38 million shares in the current float. Compared to the average trading volume of 3.55M shares, CNX stock reached a trading volume of 4771096 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $28.11 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 2.80. 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.
Piper Sandler have made an estimate for CNX Resources Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 21, 2022. The new note on the price target was released on December 07, 2021, representing the official price target for CNX Resources Corporation stock. On August 27, 2021, analysts decreased their price target for CNX shares from 15 to 13.
The Average True Range (ATR) for CNX Resources Corporation is set at 0.99, with the Price to Sales ratio for CNX stock in the period of the last 12 months amounting to 1.15. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 0.04. Price to Free Cash Flow for CNX in the course of the last twelve months was 5.29 with Quick ratio for the last quarter at 0.20.
CNX Stock Performance Analysis:
CNX Resources Corporation [CNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.82. With this latest performance, CNX shares dropped by -29.89% in over the last four-week period, additionally plugging by 14.41% over the last 6 months – not to mention a rise of 19.58% 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 30.88, with the RSI for the last a single of trading hit 27.46, and the three-weeks RSI is set at 34.37 for CNX Resources Corporation [CNX]. The present Moving Average for the last 50 days of trading for this stock 19.92, while it was recorded at 16.39 for the last single week of trading, and 16.80 for the last 200 days.
Insight into CNX Resources Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and CNX Resources Corporation [CNX] shares currently have an operating margin of +48.61 and a Gross Margin at +55.80. CNX Resources Corporation’s Net Margin is presently recorded at -20.92.
Return on Equity for this stock declined to -12.28, with Return on Assets sitting at -6.18.
CNX Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.
CNX Stock EPS
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 41.60%.
CNX Resources Corporation [CNX] Insider Position Details
There are presently around $2,932 million, or 97.50% of CNX stock, in the hands of institutional investors. The top three institutional holders of CNX stocks are: BLACKROCK INC. with ownership of 23,912,164, which is approximately -5.256% of the company’s market cap and around 2.20% of the total institutional ownership; SOUTHEASTERN ASSET MANAGEMENT INC/TN/, holding 22,734,443 shares of the stock with an approximate value of $358.07 million in CNX stocks shares; and VANGUARD GROUP INC, currently with $282.12 million in CNX stock with ownership of nearly -2.868% of the company’s market capitalization.
Positions in CNX Resources Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 123 institutional holders increased their position in CNX Resources Corporation [NYSE:CNX] by around 14,032,463 shares. Additionally, 157 investors decreased positions by around 17,795,102 shares, while 42 investors held positions by with 154,350,628 shares. The mentioned changes placed institutional holdings at 186,178,193 shares, according to the latest SEC report filing. CNX stock had 36 new institutional investments in for a total of 3,528,966 shares, while 35 institutional investors sold positions of 2,960,377 shares during the same period.