CNX Resources Corporation [CNX] Is Currently -0.38 below its 200 Period Moving Avg: What Does This Mean?

CNX Resources Corporation [NYSE: CNX] loss -0.38% or -0.07 points to close at $18.19 with a heavy trading volume of 3304040 shares. The company report on October 10, 2022 that CONSOL Energy Schedules Third Quarter 2022 Earnings Release and Conference Call.


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CONSOL Energy Inc. (NYSE: CEIX) will issue its third quarter earnings release before the market opens on Tuesday, November 1, 2022. The release will be followed by a conference call hosted by members of the management team at 11:00 a.m. Eastern Time. A live webcast will be accessible on the ‘Investor Relations’ page of its website, www.consolenergy.com. An archive of the webcast will be available for at least 30 days after the event.

Participants may also join the live webcast by telephone as follows.

It opened the trading session at $18.08, the shares rose to $18.675 and dropped to $17.915, the range by which the price of stock traded the whole day. The daily chart for CNX points out that the company has recorded -12.72% loss over the past six months. However, it is still -39.92% lower than its most recent low trading price.

If we look at the average trading volume of 3.10M shares, CNX reached to a volume of 3304040 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $23.44 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.

BofA Securities have made an estimate for CNX Resources Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on September 19, 2022. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Perform. The new note on the price target was released on July 25, 2022, representing the official price target for CNX Resources Corporation stock. Previously, the target price had yet another raise to $16, while MKM Partners analysts kept a Neutral rating on CNX stock. On July 11, 2022, analysts increased their price target for CNX shares from 26 to 27.

The Average True Range (ATR) for CNX Resources Corporation is set at 0.75, with the Price to Sales ratio for CNX stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 1.39, 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 6.63 with Quick ratio for the last quarter at 0.30.

Trading performance analysis for CNX stock

CNX Resources Corporation [CNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.50. With this latest performance, CNX shares gained by 19.91% in over the last four-week period, additionally sinking by -12.72% over the last 6 months – not to mention a rise of 21.92% 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 59.77, with the RSI for the last a single of trading hit 63.05, and the three-weeks RSI is set at 56.97 for CNX Resources Corporation [CNX]. The present Moving Average for the last 50 days of trading for this stock 17.10, while it was recorded at 17.92 for the last single week of trading, and 18.08 for the last 200 days.

CNX Resources Corporation [CNX]: A deeper dive into fundamental analysis

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.

CNX Resources Corporation [CNX]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at CNX Resources Corporation [CNX]

There are presently around $3,304 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 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 16,689,948 shares of the stock with an approximate value of $303.59 million in CNX stocks shares; and SOUTHEASTERN ASSET MANAGEMENT INC/TN/, currently with $287.57 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 October and at the time of the October reporting period, where 133 institutional holders increased their position in CNX Resources Corporation [NYSE:CNX] by around 18,832,718 shares. Additionally, 153 investors decreased positions by around 22,444,116 shares, while 45 investors held positions by with 140,370,483 shares. The mentioned changes placed institutional holdings at 181,647,317 shares, according to the latest SEC report filing. CNX stock had 41 new institutional investments in for a total of 4,129,290 shares, while 23 institutional investors sold positions of 1,511,019 shares during the same period.

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