CNX Resources Corporation (NYSE:CNX) has a beta value of 1.89 and has seen 3,267,239 shares traded in the last trading session. The company, currently valued at $2.28 Billion, closed the last trade at $10.13 per share which meant it lost -$0.3 on the day or -2.88% during that session. The CNX stock price is -40.08% off its 52-week high price of $14.19 and 57.95% above the 52-week low of $4.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.4 Million shares traded. The 3-month trading volume is 4.6 Million shares.
The consensus among analysts is that CNX Resources Corporation (CNX) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while 2 rate it as Overweight. 4 out of 11 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.01.
CNX Resources Corporation (NYSE:CNX) trade information
Despite being -2.88% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Oct 13 when the CNX stock price touched $10.96- or saw a rise of 7.57%. Year-to-date, CNX Resources Corporation shares have moved 14.46%, while the 5-day performance has seen it change -4.7%. Over the past 30 days, the shares of CNX Resources Corporation (NYSE:CNX) have changed -9.55%. Short interest in the company has seen 25.16 Million shares shorted with days to cover at 5.47.
Wall Street analysts have a consensus price target for the stock at $13.8, which means that the shares’ value could jump 36.23% from current levels. The projected low price target is $11 while the price target rests at a high of $17. In that case, then, we find that the current price level is +67.82% off the targeted high while a plunge would see the stock lose 8.59% from current levels.
CNX Resources Corporation (CNX) estimates and forecasts
8 analysts offering their estimates for the company have set an average revenue estimate of $291.73 Million for the current quarter. 8 have an estimated revenue figure of $380.58 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $344.65 Million and $508.99 Million respectively for this quarter and the next, and analysts expect sales will grow by -15.4% for the current quarter and -25.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21% over the past 5 years. Earnings growth for 2020 is a modest -111.4% while over the next 5 years, the company’s earnings are expected to increase by 35.7%.
CNX Resources Corporation (NYSE:CNX)’s Major holders
Insiders own 2.24% of the company shares, while shares held by institutions stand at 98.51% with a share float percentage of 100.77%. Investors are also buoyed by the number of investors in a company, with CNX Resources Corporation having a total of 304 institutions that hold shares in the company. The top two institutional holders are Southeastern Asset Management Inc/tn/ with over 36.99 Million shares worth more than $319.94 Million. As of June 29, 2020, Southeastern Asset Management Inc/tn/ held 19.73% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 21.89 Million shares as of June 29, 2020. The firm’s total holdings are worth over $189.37 Million and represent 11.68% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Longleaf Partners Small-Cap Fund and Longleaf Partners Fund. As of June 29, 2020, the former fund manager holds about 6.8% shares in the company for having 12751607 shares of worth $110.3 Million while later fund manager owns 7.59 Million shares of worth $65.69 Million as of June 29, 2020, which makes it owner of about 4.05% of company’s outstanding stock.