CNX Resources Corp (NYSE:CNX) At $24.55: What To Do?

In last trading session, CNX Resources Corp (NYSE:CNX) saw 2.12 million shares changing hands with its beta currently measuring 1.32. Company’s recent per share price level of $24.55 trading at -$0.11 or -0.45% at ring of the bell on the day assigns it a market valuation of $3.76B. That closing price of CNX’s stock is at a discount of -1.14% from its 52-week high price of $24.83 and is indicating a premium of 38.57% from its 52-week low price of $15.08. Taking a look at company’s average trading volume volume of 2.72 million if we extend that period to 3-months.

CNX Resources Corp (NYSE:CNX) trade information

Upright in the red during last session for losing -0.45%, in the last five days CNX remained trading in the green while hitting it’s week-highest on Tuesday, 05/21/24 when the stock touched $24.55 price level, adding 1.13% to its value on the day. CNX Resources Corp’s shares saw a change of 22.75% in year-to-date performance and have moved 0.70% in past 5-day. CNX Resources Corp (NYSE:CNX) showed a performance of 1.99% in past 30-days.

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CNX Resources Corp (CNX) estimates and forecasts

Statistics highlight that CNX Resources Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 14.56% of value to its shares in past 6 months, showing an annual growth rate of -26.84% while that of industry is -1.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -55.40% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 367.01M for the same. And 7 analysts are in estimates of company making revenue of 374.03M in the next quarter. Company posted 407.31M and 388.93M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.28% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -29.33% while estimates for its earnings growth in next 5 years are of 41.60%.

CNX Dividends

CNX Resources Corp is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.