CNX stock: buy or sell?
August 23rd, 2019
CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin.
Should I buy CNX stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with CNX Resources stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is CNX Resources stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 2 ratings published for CNX stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-2-4||Robert W. Baird||n/a||Buy|
CNX stock analysis
CNX Resources shares slightly fell -0.53% to $7.55 today.
CNX Resources shares slightly fell -0.53% to $7.55 today. From a daily perspective, CNX is in a short term uptrend after plotting its last bottom ($6.62, on Aug 14th) higher than the previous bottom, and its last top ($7.96, on August/21) also over the previous top. Now trading in between its last bottom and last top CNX might consolidate in a plain range, waiting to break out over $7.96 or down under $6.62. Since price and SMA50d lines crossed up on Aug 16th, CNX climbed $0.68 (9.90%).
CNX Resources escalated a pretty good 3.57% this week. Late July CNX skyrocketed a dazzling 10.73% in just one week. Late July CNX collapsed a hair-raising -10.02% in just one week.
Since early September 2018, when CNX stock price broke down the 40-weeks moving avarage line, it slid $-8.39 per share (-52.63%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.
CNX stock price history
CNX IPO was on April 30th, 1999 at $4.52 per share1. Since then, CNX stock surged a 67.00%, with an average of 3.40% per year. If you had invested right after CNX's IPO a $1,000 in CNX stock in 1999, it would worth $670.00 today.
1: Adjusted price after possible price splits or reverse-splits.
CNX stock historical price chart
CNX stock reached 52-week highs on November at $16.09, and all-time highs 2008-06-19 with a price of 90.01.
CNX stock price target is $15.00Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. Currently, only 1 price forecast for CNX Resources stock was published in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-2-4||Robert W. Baird||Reiterates||n/a||$15.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on May, CNX Resources eased a shocking -12.21%. As soon as we get its actual EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a dazzling growth of 47.05% to $1,733.70 million dollars. In line, its earnings margin (compared to revenues) skyrocketed to 45.94%, that is $796.53 million. To have an up to date picture of the financial situation of CNX Resources, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual CNX Resources TTM sales up to March 2019 were $1,754.38 and earnings were $181.63 M USD. If we compare this TTM figures with the last reported annuality, we can review CNX Resources business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, appreciated a slightly good 1.19%. Regarding profit margin, CNX Resources plunged -35.59% to 45.94%
|2013||$2,990 M||-||$81 M2.7%||-|
|2014||$3,536 M||18.25%||$163 M4.6%||102.22%|
|2015||$2,514 M||-28.91%||$-374.89 M-14.9%||-329.86%|
|2016||$2,003 M||-20.30%||$-848.10 M-42.3%||126.23%|
|2017||$1,179 M||-41.15%||$381 M32.3%||-144.89%|
|2018||$1,734 M||47.05%||$797 M45.9%||109.20%|
|TTM||$1,754 M||1.19%||$182 M10.4%||-77.20%|
Quarterly financial resultsCNX Resources posted $470.61 M in sales for 2019-Q1, a -12.95% less compared to previous quarter. Reported quarter income marked $-87.34 million with a profit margin of -18.56%. Profit margin plunged a -37.41% compared to previous quarter when profit margin was 18.85%. When comparing revenues to same quarter last year, CNX Resources sales marked a beatiful gain and raised a 4.60%.
|2017-Q2||$611 M||-||$170 M27.8%||-|
|2017-Q3||$580 M||-4.95%||$-26 M-4.6%||-115.60%|
|2017-Q4||$334 M||-42.48%||$277 M82.9%||-1,146.27%|
|2018-Q1||$450 M||34.78%||$528 M117.3%||90.70%|
|2018-Q2||$368 M||-18.23%||$42 M11.4%||-92.04%|
|2018-Q3||$375 M||1.98%||$125 M33.3%||197.59%|
|2018-Q4||$541 M||44.08%||$102 M18.9%||-18.48%|
|2019-Q1||$471 M||-12.95%||$-87 M-18.6%||-185.69%|
CNX Resources ownershipWhen you are planning to invest in a stock, it's always worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For CNX Resources, 1.69% of all outstanding shares are owned by its staff.
Bearish positions for CNX stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to CNX Resources:
|Market cap||$1.5 B||$2.0 B||$337.2 M|
|Total shares||195.7 M||128.4 M||12.3 M|
|Float shares||185.3 M||86.5 M||9.6 M|
|- Institutional holdings (%)||103.4%||27.8%||35.1%|
|- Insider holdings (%)||1.7%||30.6%||35.5%|
|Shares in short selling||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$7.33 - $7.76|
|Average true range||$0.46|
|50d mov avg||$7.19|
|100d mov avg||$8.12|
|200d mov avg||$10.09|
CNX Resources performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare CNX Resources performance to Alliance Resource Partners and :