CNX Resources (CNX) Stock Price, News & Analysis

Company Overview

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.

Key Stats

• Today's Range: $34.96 to $36.59
• 50-Day Range: $33.95 to $41.09
• 52-Week Range: $19.07 to $41.93
• Volume: 4.68 million shs
• Average Volume: 2.66 million shs
• Market Capitalization: $5.41 billion
• P/E Ratio: 11.40
• Dividend Yield: N/A
• Price Target: $30.50
• Consensus Rating: Strong Sell

CNX Resources Stock Analysis - MarketRank™

CNX Resources scored higher than 60% of companies evaluated by MarketBeat, and ranked 153rd out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.7 / 5
• Analyst Rating: Strong Sell

Consensus Rating

CNX Resources has received a consensus rating of Strong Sell. The company's average rating score is 1.42, and is based on no buy ratings, 5 hold ratings, and 7 sell ratings.

Amount of Analyst Coverage

CNX Resources has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 27.27%

Earnings Growth

Earnings for CNX Resources are expected to grow by 27.27% in the coming year, from $1.54 to $1.96 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CNX Resources is 11.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of CNX Resources is 11.40, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.81.

Price to Earnings Growth Ratio

CNX Resources has a PEG Ratio of 1.85. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

CNX Resources has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

20.20% of the float of CNX Resources has been sold short.

Short Interest Ratio / Days to Cover

CNX Resources has a short interest ratio ("days to cover") of 12, which indicates bearish sentiment.

Change versus previous month

Short interest in CNX Resources has recently increased by 0.60%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

CNX Resources does not currently pay a dividend.

Dividend Growth

CNX Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of CNX Resources is 3.93%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, CNX Resources will have a dividend payout ratio of 6.38% next year. This indicates that CNX Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -9.10

Percentage of Shares Shorted

20.20% of the float of CNX Resources has been sold short.

Short Interest Ratio / Days to Cover

CNX Resources has a short interest ratio ("days to cover") of 12, which indicates bearish sentiment.

Change versus previous month

Short interest in CNX Resources has recently increased by 0.60%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.27

News Sentiment

CNX Resources has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for CNX Resources this week, compared to 7 articles on an average week.

Search Interest

Only 3 people have searched for CNX on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

5 people have added CNX Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CNX Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.10% of the stock of CNX Resources is held by insiders.

Percentage Held by Institutions

95.16% of the stock of CNX Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNX Stock Analysis - Frequently Asked Questions

How have CNX shares performed this year?

CNX Resources' stock was trading at $20.00 at the beginning of the year. Since then, CNX shares have increased by 81.3% and is now trading at $36.25.
View the best growth stocks for 2024 here.

How were CNX Resources' earnings last quarter?

CNX Resources Co. (NYSE:CNX) posted its quarterly earnings data on Thursday, October, 24th. The oil and gas producer reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.09. The oil and gas producer had revenue of $424.21 million for the quarter, compared to analysts' expectations of $398.33 million. CNX Resources had a trailing twelve-month return on equity of 7.54% and a net margin of 27.79%.

Who are CNX Resources' major shareholders?

CNX Resources' top institutional investors include State Street Corp (5.34%), Geode Capital Management LLC (2.41%), Aequim Alternative Investments LP (1.63%) and Charles Schwab Investment Management Inc. (1.25%). Insiders that own company stock include Bernard Lanigan Jr and Timothy Scott Bedard.
View institutional ownership trends.

How do I buy shares of CNX Resources?

Shares of CNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CNX Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CNX Resources investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/24/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Coal & Consumable Fuels
• Current Symbol: NYSE:CNX
• CUSIP: 20854P10
• CIK: 1070412
• Web: www.cnx.com
• Phone: (724) 485-4000
• Fax: 724-485-4833
• Employees: 470
• Year Founded: 1860

Price Target and Rating

• Average Stock Price Target: $30.50
• High Stock Price Target: $38.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: -15.9%
• Consensus Rating: Strong Sell
• Rating Score (0-4): 1.42
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.18
• Trailing P/E Ratio: 11.40
• Forward P/E Ratio: 23.54
• P/E Growth: 1.85
• Net Income: $1.72 billion
• Net Margins: 27.79%
• Pretax Margin: 33.46%
• Return on Equity: 7.54%
• Return on Assets: 3.76%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 0.37
• Quick Ratio: 0.36

Sales & Book Value

• Annual Sales: $1.41 billion
• Price / Sales: 3.83
• Cash Flow: $4.76 per share
• Price / Cash Flow: 7.62
• Book Value: $27.45 per share
• Price / Book: 1.32

Miscellaneous

• Outstanding Shares: 149,271,000
• Free Float: 144,644,000
• Market Cap: $5.41 billion
• Optionable: Optionable
• Beta: 1.43