CNX Resources Corporation (NYSE:CNX) has a beta of 1.61. The stock’s Relative Strength Index (RSI) is 44.65, with weekly volatility at 5.01% and ATR at 0.58. The CNX stock’s 52-week price range has touched low of $7.97 and a $15.89 high. Its shares traded higher over the last trading session, gaining 3.80% on 06/21/21. The shares fell to a low of $12.91 before closing at $13.65. Intraday shares traded counted 3.3 million, which was -22.66% lower than its 30-day average trading volume of 2.69M. CNX’s previous close was $13.15 while the outstanding shares total 219.92M.
Investors have identified the Oil & Gas E&P company CNX Resources Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.15 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
CNX Resources Corporation (CNX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CNX, the company has in raw cash 30.34 million on their books with 22.05 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 277.45 million total, with 457.91 million as their total liabilities.
CNX were able to record 96.22 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 13.76 million. In cash movements, the company had a total of 219.65 million as operating cash flow.
Potential earnings growth for CNX Resources Corporation (CNX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, CNX Resources Corporation recorded a total of 473.07 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 11.99% coming in sequential stages and their sales for the 08/03/2021 quarter reducing by -32.47%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 299.8 million trying to sell their products during the last quarter, with the result yielding a gross income of 173.27 million. This allows shareholders to hold on to 219.92M with the recently reported earning now reading 0.45 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (0.36 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.12 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CNX sounds very interesting.
Is the stock of CNX attractive?
In related news, EVP & Chief Financial Officer, Rush Donald W. bought 5,500 shares of the company’s stock in a transaction that recorded on Dec 03. The purchase was performed at an average price of 8.99, for a total value of 49,452. As the purchase deal closes, the Vice President and CAO, Shepard Alan K now bought 2,650 shares of the company’s stock, valued at 25,758. Also, Director, LANIGAN BERNARD JR bought 62,600 shares of the company’s stock in a deal that was recorded on Dec 01. The shares were cost at an average price of 9.58 per share, with a total market value of 599,708. Following this completion of disposal, the President and CEO, DEIULIIS N J now holds 11,900 shares of the company’s stock, valued at 100,799. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.
5 out of 13 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on CNX Resources Corporation. 0 analysts has assigned a Sell rating on the CNX stock. The 12-month mean consensus price target for the company’s shares has been set at $17.09.