You might want to take a look at CNX Resources Corporation (CNX) now

CNX Resources Corporation (NYSE: CNX) stock fell -3.44% on Tuesday to $15.99 against a previous-day closing price of $16.56. With 3.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.97 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $16.43 whereas the lowest price it dropped to was $15.98. The 52-week range on CNX shows that it touched its highest point at $24.21 and its lowest point at $14.11 during that stretch. It currently has a 1-year price target of $21.40. Beta for the stock currently stands at 1.29.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNX was down-trending over the past week, with a drop of -4.02%, but this was down by -5.72% over a month. Three-month performance dropped to -9.56% while six-month performance fell -16.54%. The stock gained 9.37% in the past year, while it has lost -5.05% so far this year. A look at the trailing 12-month EPS for CNX yields -3.72 with Next year EPS estimates of 2.45. For the next quarter, that number is 0.60. This implies an EPS growth rate of 4.90% for this year and 64.26% for next year. EPS is expected to grow by 41.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.80%.

Float and Shares Shorts:

At present, 187.51 million CNX shares are outstanding with a float of 174.80 million shares on hand for trading. On Oct 13, 2022, short shares totaled 32.34 million, which was 17.07% higher than short shares on Sep 14, 2022. In addition to Mr. Nicholas J. DeIuliis as the firm’s Pres, CEO & Director, Mr. Chad A. Griffith serves as its Exec. VP & COO.


Institutional Ownership:

Through their ownership of 97.40% of CNX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.54% of CNX, in contrast to 37.89% held by mutual funds. Shares owned by individuals account for 2.26%. As the largest shareholder in CNX with 11.14% of the stake, BlackRock Fund Advisors holds 20,104,705 shares worth 20,104,705. A second-largest stockholder of CNX, The Vanguard Group, Inc., holds 18,111,390 shares, controlling over 10.04% of the firm’s shares. Southeastern Asset Management, In is the third largest shareholder in CNX, holding 15,175,463 shares or 8.41% stake. With a 3.35% stake in CNX, the SPDR S&P Oil & Gas Exploration & is the largest stakeholder. A total of 6,038,658 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.09% of CNX stock, is the second-largest Mutual Fund holder. It holds 5,568,072 shares valued at 93.77 million. Vanguard Total Stock Market Index holds 2.92% of the stake in CNX, owning 5,275,497 shares worth 88.84 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy..

Summary of Insider Activity:

Insiders traded CNX stock several times over the past three months with 7 Buys and 16 Sells. In these transactions, 301,002 shares were bought while 148,647 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 1,105,921 while 266,953 shares were sold.

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