CNX Resources Corporation [CNX] Is Currently 0.90 below its 200 Period Moving Avg: What Does This Mean?

CNX Resources Corporation [NYSE: CNX] stock went on an upward path that rose over 0.90% on Thursday, amounting to a one-week price increase of more than 2.51%. The company report on April 10, 2023 that CONSOL Energy Schedules First Quarter 2023 Earnings Release and Conference Call.

CONSOL Energy Inc. (NYSE: CEIX) will issue its first quarter earnings release before the market opens on Tuesday, May 2, 2023. The release will be followed by a conference call hosted by members of the management team at 10:00 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.

Over the last 12 months, CNX stock dropped by -20.58%. The one-year CNX Resources Corporation stock forecast points to a potential upside of 11.84. The average equity rating for CNX stock is currently 3.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.88 billion, with 176.78 million shares outstanding and 162.43 million shares in the current float. Compared to the average trading volume of 3.28M shares, CNX stock reached a trading volume of 2777875 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 $19.00 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 3.20. 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.

Mizuho have made an estimate for CNX Resources Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $25 to $23. The new note on the price target was released on September 19, 2022, representing the official price target for CNX Resources Corporation stock. Previously, the target price had yet another raise to $25, while Scotiabank analysts kept a Sector Perform rating on CNX stock.

The Average True Range (ATR) for CNX Resources Corporation is set at 0.49, with the Price to Sales ratio for CNX stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 0.12. Price to Free Cash Flow for CNX in the course of the last twelve months was 4.30 with Quick ratio for the last quarter at 0.40.

CNX Stock Performance Analysis:

CNX Resources Corporation [CNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.51. With this latest performance, CNX shares gained by 9.05% in over the last four-week period, additionally sinking by -3.90% over the last 6 months – not to mention a drop of -20.58% 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 61.88, with the RSI for the last a single of trading hit 66.94, and the three-weeks RSI is set at 58.11 for CNX Resources Corporation [CNX]. The present Moving Average for the last 50 days of trading for this stock 15.81, while it was recorded at 16.49 for the last single week of trading, and 16.70 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 +66.40 and a Gross Margin at +71.05. CNX Resources Corporation’s Net Margin is presently recorded at -3.62.

Return on Total Capital for CNX is now 46.07, given the latest momentum, and Return on Invested Capital for the company is -2.53. Return on Equity for this stock declined to -4.27, with Return on Assets sitting at -1.71. When it comes to the capital structure of this company, CNX Resources Corporation [CNX] has a Total Debt to Total Equity ratio set at 80.94. Additionally, CNX Total Debt to Total Capital is recorded at 44.73, with Total Debt to Total Assets ending up at 28.04. Long-Term Debt to Equity for the company is recorded at 79.30, with the Long-Term Debt to Total Capital now at 43.83.

Reflecting on the efficiency of the workforce at the company, CNX Resources Corporation [CNX] managed to generate an average of -$304,886 per employee. Receivables Turnover for the company is 11.31 with a Total Asset Turnover recorded at a value of 0.47.CNX Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

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 $2,732 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 21,816,982, which is approximately -4.347% of the company’s market cap and around 3.27% of the total institutional ownership; VANGUARD GROUP INC, holding 17,977,737 shares of the stock with an approximate value of $298.43 million in CNX stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $235.86 million in CNX stock with ownership of nearly -4.299% of the company’s market capitalization.

Positions in CNX Resources Corporation stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 134 institutional holders increased their position in CNX Resources Corporation [NYSE:CNX] by around 8,823,103 shares. Additionally, 174 investors decreased positions by around 17,574,993 shares, while 41 investors held positions by with 138,209,268 shares. The mentioned changes placed institutional holdings at 164,607,364 shares, according to the latest SEC report filing. CNX stock had 42 new institutional investments in for a total of 2,322,345 shares, while 38 institutional investors sold positions of 4,072,632 shares during the same period.