On November 20, 2023, CNX Resources Corp (NYSE: CNX) opened at $21.50, higher 0.19% from the last session. During the day, the shares moved up to $21.73 and dropped to $21.295 before settling in for the closing price of $21.39. Price fluctuations for CNX have ranged from $14.36 to $23.68 over the past 52 weeks.
Annual sales at Energy sector company grew by 37.86% over the past five years. Company’s average yearly earnings per share was noted -47.14% at the time writing. With a float of $153.92 million, this company’s outstanding shares have now reached $170.84 million.
Let’s look at the performance matrix of the company that is accounted for 466 employees. In terms of profitability, gross margin is +71.05, operating margin of +66.40, and the pretax margin is -5.40.
CNX Resources Corp (CNX) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of CNX Resources Corp is 3.11%, while institutional ownership is 103.18%. The most recent insider transaction that took place on Sep 18, was worth 999,923. In this transaction Director of this company bought 45,805 shares at a rate of $21.83, taking the stock ownership to the 251,820 shares. Before that another transaction happened on Sep 15, when Company’s Director bought 98,635 for $22.00, making the entire transaction worth $2,169,970. This insider now owns 206,015 shares in total.
CNX Resources Corp (CNX) Latest Financial update
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.35 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.32) by $0.03. This company achieved a net margin of -3.62 while generating a return on equity of -4.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -47.14% per share during the next fiscal year.
CNX Resources Corp (NYSE: CNX) Trading Performance Indicators
Check out the current performance indicators for CNX Resources Corp (CNX). In the past quarter, the stock posted a quick ratio of 0.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.72. Likewise, its price to free cash flow for the trailing twelve months is 9.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.85, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 2.01 in one year’s time.
Technical Analysis of CNX Resources Corp (CNX)
CNX Resources Corp (NYSE: CNX) saw its 5-day average volume 2.81 million, a negative change from its year-to-date volume of 2.92 million. As of the previous 9 days, the stock’s Stochastic %D was 55.55%. Additionally, its Average True Range was 0.59.
During the past 100 days, CNX Resources Corp’s (CNX) raw stochastic average was set at 64.93%, which indicates a significant increase from 42.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.34% in the past 14 days, which was higher than the 24.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.03, while its 200-day Moving Average is $18.55. Nevertheless, the first resistance level for the watch stands at $21.67 in the near term. At $21.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.11. If the price goes on to break the first support level at $21.24, it is likely to go to the next support level at $21.05. The third support level lies at $20.81 if the price breaches the second support level.
CNX Resources Corp (NYSE: CNX) Key Stats
There are currently 158,853K shares outstanding in the company with a market cap of 3.40 billion. Presently, the company’s annual sales total 1,261 M according to its annual income of -142,080 K. Last quarter, the company’s sales amounted to 350,510 K and its income totaled 21,380 K.