CNX Resources Corp (CNX) vs. Its Peers: A Comparison

CNX Resources Corp (NYSE: CNX) has a price-to-earnings ratio of 4.76x that is above its average ratio. Additionally, the 36-month beta value for CNX is 1.40. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”

The public float for CNX is 146.26M and currently, short sellers hold a 19.07% ratio of that float. The average trading volume of CNX on June 11, 2024 was 2.66M shares.

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CNX) stock’s latest price update

CNX Resources Corp (NYSE: CNX)’s stock price has gone rise by 3.11 in comparison to its previous close of 25.38, however, the company has experienced a 0.15% increase in its stock price over the last five trading days. prnewswire.com reported 2024-06-05 that 2023 Report Details Progress Towards Unique Appalachia First Sustainability Goals Generating Long-term Value for Shareholders, Employees, and Appalachian Region PITTSBURGH, June 5, 2024 /PRNewswire/ — Today, CNX Resources Corp. (NYSE: CNX) published its thirteenth annual Corporate Sustainability Report, Radical Transparency, highlighting how the Company’s distinct corporate strategy and investment approach continues to deliver material results for all stakeholder groups across the Appalachian region and beyond. “The 160-year legacy of CNX is rooted in being thoughtfully innovative, and that innovative spirit has shaped our unique Tangible, Impactful, Local ESG effort which is summarized in this report,” commented CNX Chief Risk Officer Hayley Scott.

CNX’s Market Performance

CNX Resources Corp (CNX) has seen a 0.15% rise in stock performance for the week, with a 10.52% gain in the past month and a 22.58% surge in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 2.05% for CNX. The simple moving average for the last 20 days is 5.10% for CNX’s stock, with a simple moving average of 19.01% for the last 200 days.

Analysts’ Opinion of CNX

Many brokerage firms have already submitted their reports for CNX stocks, with BofA Securities repeating the rating for CNX by listing it as a “Neutral.” The predicted price for CNX in the upcoming period, according to BofA Securities is $23 based on the research report published on January 05, 2024 of the current year 2024.

Truist gave a rating of “Buy” to CNX, setting the target price at $27 in the report published on December 04th of the previous year.

CNX Trading at 7.65% from the 50-Day Moving Average

After a stumble in the market that brought CNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.51% of loss for the given period.

Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares surge +12.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.33% upper at present.

During the last 5 trading sessions, CNX rose by +0.15%, which changed the moving average for the period of 200-days by +20.38% in comparison to the 20-day moving average, which settled at $25.05. In addition, CNX Resources Corp saw 30.85% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CNX starting from Bedard Timothy Scott, who sale 1,226 shares at the price of $20.83 back on Feb 26 ’24. After this action, Bedard Timothy Scott now owns 0 shares of CNX Resources Corp, valued at $25,538 using the latest closing price.

Bedard Timothy Scott, the EVP and General Counsel of CNX Resources Corp, sale 1,226 shares at $20.83 during a trade that took place back on Feb 26 ’24, which means that Bedard Timothy Scott is holding 0 shares at $25,538 based on the most recent closing price.

Stock Fundamentals for CNX

Current profitability levels for the company are sitting at:

  • 0.13 for the present operating margin
  • 0.29 for the gross margin

The net margin for CNX Resources Corp stands at 0.74. The total capital return value is set at 0.02. Equity return is now at value 26.43, with 12.25 for asset returns.

Based on CNX Resources Corp (CNX), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 1.18.

Currently, EBITDA for the company is 744.77 million with net debt to EBITDA at 3.84. When we switch over and look at the enterprise to sales, we see a ratio of 4.69. The receivables turnover for the company is 10.16for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.

Conclusion

In conclusion, CNX Resources Corp (CNX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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