CNX Resources Corp (NYSE: CNX) is -17.26% lower on its value in year-to-date trading and has touched a low of $19.07 and a high of $41.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNX stock was last observed hovering at around $30.11 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $30.34, the stock is -12.21% and -17.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.27 million and changing 0.76% at the moment leaves the stock 2.93% off its SMA200. CNX registered 53.00% gain for a year compared to 6-month gain of 15.32%. The firm has a 50-day simple moving average (SMA 50) of $36.9182 and a 200-day simple moving average (SMA200) of $29.44365.
The stock witnessed a -21.05% loss in the last 1 month and extending the period to 3 months gives it a -16.40%, and is -0.98% 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 3.08% over the week and 3.92% over the month.
CNX Resources Corp (CNX) has around 470 employees, a market worth around $4.53B and $1.41B in sales. Current P/E ratio is 9.55 and Fwd P/E is 14.81. Profit margin for the company is 41.92%. Distance from 52-week low is 59.10% and -27.64% from its 52-week high. The company has generated returns on investments over the last 12 months (9.42%).
with sales reaching $422.04M over the same period.The EPS is expected to shrink by -19.19% this year, but quarterly earnings will post -55.96% year-over-year. Quarterly sales are estimated to shrink -57.78% in year-over-year returns.
CNX Resources Corp (CNX) Top Institutional Holders
462.0 institutions hold shares in CNX Resources Corp (CNX), with institutional investors hold 114.12% of the company’s shares. The shares outstanding are 149.26M, and float is at 141.68M with Short Float at 19.16%. Institutions hold 109.15% 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 sale by MFN Partners, LP, the company’s 10% Owner. SEC filings show that MFN Partners, LP sold 1,075,000 shares of the company’s common stock on Jan 06 ’25 at a price of $31.09 per share for a total of $33.42 million. Following the sale, the insider now owns 13.93 million shares.
CNX Resources Corp disclosed in a document filed with the SEC on Sep 09 ’24 that LANIGAN BERNARD JR (Director) bought a total of 75,000 shares of the company’s common stock. The trade occurred on Sep 09 ’24 and was made at $26.81 per share for $2.01 million. Following the transaction, the insider now directly holds 0.4 million shares of the CNX stock.
Still, SEC filings show that on Aug 20 ’24, LANIGAN BERNARD JR (Director) acquired 75,000 shares at an average price of $26.74 for $2.01 million. The insider now directly holds 326,820 shares of CNX Resources Corp (CNX).
