CNX Resources Corp (NYSE: CNX) is 35.75% higher on its value in year-to-date trading and has touched a low of $19.07 and a high of $28.23 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 $27.12 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $27.15, the stock is 1.62% and 5.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 0.11% at the moment leaves the stock 17.74% off its SMA200. CNX registered 19.76% gain for a year compared to 6-month gain of 26.10%.
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The stock witnessed a 12.66% loss in the last 1 month and extending the period to 3 months gives it a 6.26%, and is -1.16% down 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 1.93% over the week and 2.16% over the month.
CNX Resources Corp (CNX) has around 470 employees, a market worth around $4.11B and $1.38B in sales. Current P/E ratio is 9.31 and Fwd P/E is 14.17. Profit margin for the company is 39.71%. Distance from 52-week low is 42.37% and -3.83% from its 52-week high. The company has generated returns on investments over the last 12 months (8.72%).
The EPS is expected to shrink by -10.53% this year
446.0 institutions hold shares in CNX Resources Corp (CNX), with institutional investors hold 117.96% of the company’s shares. The shares outstanding are 154.38M, and float is at 144.19M with Short Float at 21.96%. Institutions hold 112.89% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.95 million shares valued at $460.46 million. The investor’s holdings represent 12.4168 of the CNX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.53 million shares valued at $377.42 million to account for 10.1775 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 11.98 million shares representing 7.853 and valued at over $291.22 million, while STATE STREET CORP holds 5.4897 of the shares totaling 8.38 million with a market value of $203.58 million.
CNX Resources Corp (CNX) Insider Activity
The most recent transaction is an insider purchase by LANIGAN BERNARD JR, the company’s Director. SEC filings show that LANIGAN BERNARD JR bought 75,000 shares of the company’s common stock on Aug 20 ’24 at a price of $26.74 per share for a total of $2.01 million. Following the purchase, the insider now owns 0.33 million shares.
CNX Resources Corp disclosed in a document filed with the SEC on Feb 23 ’24 that Bedard Timothy Scott (EVP and General Counsel) bought a total of 1,226 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $20.50 per share for $25133.0. Following the transaction, the insider now directly holds 1226.0 shares of the CNX stock.
Still, SEC filings show that on Feb 26 ’24, Bedard Timothy Scott (EVP and General Counsel) disposed off 1,226 shares at an average price of $20.83 for $25538.0. The insider now directly holds 0 shares of CNX Resources Corp (CNX).
