CNX Resources Corporation [CNX] gain 28.58% so far this year. What now?

CNX Resources Corporation [NYSE: CNX] plunged by -$0.31 during the normal trading session on Tuesday and reaching a high of $18.48 during the day while it closed the day at $17.68. The company report on July 28, 2022 that CNX Reports Second Quarter Results.

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CNX Resources Corporation (NYSE: CNX) (“CNX” or “the company”) today released financial and operational results for the second quarter 2022 by posting those results on its website as detailed below.

Second quarter earnings results and supplemental information regarding quarterly E&P data such as production volumes and hedging information, financial statements, and non-GAAP reconciliations can be accessed by clicking here.

CNX Resources Corporation stock has also gained 3.63% of its value over the past 7 days. However, CNX stock has declined by -14.17% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.73% and gained 28.58% year-on date.

The market cap for CNX stock reached $3.41 billion, with 194.02 million shares outstanding and 183.80 million shares in the current float. Compared to the average trading volume of 3.56M shares, CNX reached a trading volume of 3942019 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $24.89 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 2.90. 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.

Scotiabank have made an estimate for CNX Resources Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on July 25, 2022. While these analysts kept the previous recommendation, MKM Partners raised their target price to Neutral. The new note on the price target was released on July 20, 2022, representing the official price target for CNX Resources Corporation stock. Previously, the target price had yet another raise from $26 to $27, while Wells Fargo kept a Equal Weight rating on CNX stock. On April 21, 2022, analysts increased their price target for CNX shares from 19 to 27.

The Average True Range (ATR) for CNX Resources Corporation is set at 0.81, with the Price to Sales ratio for CNX stock in the period of the last 12 months amounting to 1.03. The Price to Book ratio for the last quarter was 1.35, 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 6.52 with Quick ratio for the last quarter at 0.30.

CNX stock trade performance evaluation

CNX Resources Corporation [CNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.63. With this latest performance, CNX shares dropped by -7.72% in over the last four-week period, additionally plugging by 14.73% over the last 6 months – not to mention a rise of 65.39% 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 53.87, with the RSI for the last a single of trading hit 57.89, and the three-weeks RSI is set at 51.13 for CNX Resources Corporation [CNX]. The present Moving Average for the last 50 days of trading for this stock 17.36, while it was recorded at 17.49 for the last single week of trading, and 17.43 for the last 200 days.

CNX Resources Corporation [CNX]: An insightful look at the core 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 0.30 and a Current Ratio set at 0.30.

Earnings per share (EPS) analysis for CNX Resources Corporation [CNX] stock

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 Ownership positions

There are presently around $3,217 million, or 98.00% of CNX stock, in the hands of institutional investors. The top three institutional holders of CNX stocks are: BLACKROCK INC. with ownership of 23,425,699, which is approximately -2.034% of the company’s market cap and around 2.30% of the total institutional ownership; VANGUARD GROUP INC, holding 16,689,948 shares of the stock with an approximate value of $295.08 million in CNX stocks shares; and SOUTHEASTERN ASSET MANAGEMENT INC/TN/, currently with $279.51 million in CNX stock with ownership of nearly -30.462% of the company’s market capitalization.

Positions in CNX Resources Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 140 institutional holders increased their position in CNX Resources Corporation [NYSE:CNX] by around 19,615,650 shares. Additionally, 152 investors decreased positions by around 23,571,528 shares, while 40 investors held positions by with 138,760,052 shares. The mentioned changes placed institutional holdings at 181,947,230 shares, according to the latest SEC report filing. CNX stock had 45 new institutional investments in for a total of 4,912,777 shares, while 25 institutional investors sold positions of 1,684,370 shares during the same period.


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