Cnx Resources Corp Stock Today
| CNX Stock | USD 24.21 0.14 0.58% |
Performance13 of 100
| Odds Of DistressLess than 29
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CNX Resources is trading at 24.21 as of the 24th of April 2024; that is 0.58 percent increase since the beginning of the trading day. The stock's open price was 24.07. CNX Resources has about a 29 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for CNX Resources Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 30th of April 1999 |
CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania. The company has 153.14 M outstanding shares of which 27.7 M shares are currently shorted by investors with about 8.43 days to cover. More on CNX Resources Corp
Moving together with CNX Stock
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| 0.95 | SD | SandRidge Energy Earnings Call Next Week | PairCorr |
| 0.93 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
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| 0.91 | VIST | Vista Oil Gas | PairCorr |
Moving against CNX Stock
| 0.68 | EP | Empire Petroleum Corp | PairCorr |
CNX Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. CNX Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CNX Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Nicholas DeIuliis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Carbon Energy Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, SP Midcap 400, Macroaxis Picks, Baby Boomer Prospects, Petroleum and Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering CNX Resources report their recommendations after researching CNX Resources' financial statements, talking to executives and customers, or listening in on CNX Resources' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering CNX Resources Corp. The CNX consensus assessment is calculated by taking the average forecast from all of the analysts covering CNX Resources. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to CNX Resources' liquidity, profitability, solvency, and operating efficiency, CNX Resources Corp is performing exceptionally good at this time. It has a great risk to report excellent financial results in May. Financial strength of CNX Resources Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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CNX Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to CNX Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. CNX Resources' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of CNX Resources' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand CNX Resources' financial leverage. It provides some insight into what part of CNX Resources' total assets is financed by creditors.
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CNX Resources Corp (CNX) is traded on New York Stock Exchange in USA. It is located in CNX Center, Canonsburg, PA, United States, 15317-6506 and employs 470 people. CNX Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 3.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CNX Resources's market, we take the total number of its shares issued and multiply it by CNX Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. CNX Resources Corp runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 153.14 M outstanding shares of which 27.7 M shares are currently shorted by investors with about 8.43 days to cover.
CNX Resources Corp has about 21.32 M in cash with 814.59 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04.
Check CNX Resources Probability Of Bankruptcy
Ownership AllocationCNX Resources Corp retains a total of 153.14 Million outstanding shares. The majority of CNX Resources Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in CNX Resources Corp to benefit from reduced commissions. Therefore, institutional investors are subject to a different set of regulations than regular investors in CNX Resources. Please pay attention to any change in the institutional holdings of CNX Resources Corp as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check CNX Ownership Details
CNX Stock Price Odds Analysis
Based on a normal probability distribution, the odds of CNX Resources jumping above the current price in 90 days from now is about 6.99%. The CNX Resources Corp probability density function shows the probability of CNX Resources stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon CNX Resources has a beta of 0.9589 suggesting CNX Resources Corp market returns are sensitive to returns on the market. As the market goes up or down, CNX Resources is expected to follow. Additionally, cNX Resources Corp has an alpha of 0.2162, implying that it can generate a 0.22 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of CNX Resources to move above the current price in 90 days from now is about 6.99 (This CNX Resources Corp probability density function shows the probability of CNX Stock to fall within a particular range of prices over 90 days) .
CNX Stock Institutional Holders
Institutional Holdings refers to the ownership stake in CNX Resources that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CNX Resources' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CNX Resources' value.| Instituion | Recorded On | Shares | |
| Goldman Sachs Group Inc | 2023-12-31 | 2.8 M | |
| American Century Companies Inc | 2023-12-31 | 2.8 M | |
| Aequim Alternative Investments Lp | 2023-12-31 | 2.5 M | |
| Jpmorgan Chase & Co | 2023-12-31 | 2.4 M | |
| Northern Trust Corp | 2023-12-31 | 2.3 M | |
| Southeast Asset Advisors Inc. | 2023-12-31 | 2.2 M | |
| Massachusetts Financial Services Company | 2023-12-31 | 2.2 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2 M | |
| Bank Of America Corp | 2023-12-31 | 2 M | |
| Blackrock Inc | 2023-12-31 | 19.7 M | |
| Vanguard Group Inc | 2023-12-31 | 15.8 M |
CNX Resources Historical Income Statement
CNX Resources Corp Income Statement is one of the three primary financial statements used for reporting CNX's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CNX Resources Corp revenue and expense. CNX Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CNX Resources' Total Other Income Expense Net is fairly stable compared to the past year. Net Income is likely to rise to about 1.8 B in 2024, whereas Gross Profit is likely to drop slightly above 490.3 M in 2024. View More FundamentalsCNX Stock Against Markets
Picking the right benchmark for CNX Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in CNX Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for CNX Resources is critical whether you are bullish or bearish towards CNX Resources Corp at a given time. Please also check how CNX Resources' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in CNX Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
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CNX Resources Corporate Directors
CNX Resources corporate directors refer to members of a CNX Resources board of directors. The board of directors generally takes responsibility for the CNX Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of CNX Resources' board members must vote for the resolution. The CNX Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| JPalmer Clarkson | Independent Director | Profile | |
| Ian McGuire | Independent Director | Profile | |
| David Hardesty | Independent Director | Profile | |
| Joseph Platt | Independent Director | Profile |
How to buy CNX Stock?
Before investing in CNX Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in CNX Resources. To buy CNX Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of CNX Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase CNX Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located CNX Resources Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased CNX Resources Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as CNX Resources Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy CNX Stock please use our How to Invest in CNX Resources guide.
Already Invested in CNX Resources Corp?
The danger of trading CNX Resources Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CNX Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CNX Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CNX Resources Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether CNX Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CNX Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cnx Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cnx Resources Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for CNX Stock analysis
When running CNX Resources' price analysis, check to measure CNX Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.
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Is CNX Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CNX Resources. If investors know CNX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CNX Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.51) | Earnings Share 8.99 | Revenue Per Share 9.002 | Quarterly Revenue Growth (0.59) | Return On Assets 0.1633 |
The market value of CNX Resources Corp is measured differently than its book value, which is the value of CNX that is recorded on the company's balance sheet. Investors also form their own opinion of CNX Resources' value that differs from its market value or its book value, called intrinsic value, which is CNX Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CNX Resources' market value can be influenced by many factors that don't directly affect CNX Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CNX Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if CNX Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNX Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.