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Why should you keep an eye on CNX Resources Corp (CNX)?

CNX Resources Corp (NYSE: CNX) is 19.85% higher on its value in year-to-date trading and has touched a low of $14.36 and a high of $24.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNX stock was last observed hovering at around $23.72 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $23.97, the stock is 9.22% and 14.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing 1.05% at the moment leaves the stock 15.82% off its SMA200. CNX registered 51.23% gain for a year compared to 6-month loss of 5.04%. The firm has a 50-day simple moving average (SMA 50) of $4.01 and a 200-day simple moving average (SMA200) of $2.16.

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The stock witnessed a 14.42% gain in the last 1 month and extending the period to 3 months gives it a 18.31%, and is 5.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 2.33% over the month.

CNX Resources Corp (CNX) has around 470 employees, a market worth around $3.67B and $1.50B in sales. Current P/E ratio is 2.65 and Fwd P/E is 11.75. Profit margin for the company is 115.97%. Distance from 52-week low is 66.92% and -0.13% from its 52-week high. The company has generated returns on investments over the last 12 months (27.50%).

CNX Resources Corp quarterly earnings per share for the current quarter are estimated at $0.44 with sales reaching $442.07M over the same period.The EPS is expected to shrink by -20.48% this year, but quarterly earnings will post -50.60% year-over-year. Quarterly sales are estimated to shrink -65.40% in year-over-year returns.

CNX Resources Corp (CNX) Top Institutional Holders

429 institutions hold shares in CNX Resources Corp (CNX), with institutional investors hold 111.02% of the company’s shares. The shares outstanding are 154.38M, and float is at 146.67M with Short Float at 20.26%. Institutions hold 106.31% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 19.7 million shares valued at $349.12 million. The investor’s holdings represent 12.20% of the CNX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.45 million shares valued at $291.55 million to account for 10.19% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 13.81 million shares representing 8.55% and valued at over $244.68 million, while Southeastern Asset Management Inc/TN/ holds 7.53% of the shares totaling 12.16 million with a market value of $215.46 million.

CNX Resources Corp (CNX) Insider Activity

The most recent transaction is an insider sale by Bedard Timothy Scott,the company’sEVP and General Counsel. SEC filings show that Bedard Timothy Scott sold 1,226 shares of the company’s common stock on Feb 26 ’24 at a price of $20.83 per share for a total of $25538.0. Following the sale, the insider now owns 0.0 shares.

CNX Resources Corp disclosed in a document filed with the SEC on Feb 26 ’24 that Bedard Timothy Scott (EVP and General Counsel) sold a total of 1,226 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $20.83 per share for $25538.0. Following the transaction, the insider now directly holds 0.0 shares of the CNX stock.

Still, SEC filings show that on Feb 23 ’24, Bedard Timothy Scott (EVP and General Counsel) acquired 1,226 shares at an average price of $20.50 for $25133.0. The insider now directly holds 1,226 shares of CNX Resources Corp (CNX).

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