CNX stock: buy or sell?
January 17th, 2020
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 matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with CNX Resources stock situation right now, hence 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?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we detected 2 ratings published for CNX stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-2-4||Robert W. Baird||n/a||Buy|
CNX stock analysis
After climbing for 4 sessions, Friday CNX Resources slipped a rough -2.13%, closing at $7.81.
After climbing for 4 sessions, Friday CNX Resources slipped a rough -2.13%, closing at $7.81. Since Jan 8th when CNX stock price broke down the SMA200d line, it slid $-0.48 per share (-5.79%). Since SMA50d and SMA100d crossed up on October, CNX price climbed $0.76 per share (10.78%).
After sliding a bloodcurdling -9.35% in a week last week, CNX Resources closed this week at $7.81 and stayed steady a neutral 0.00%. By mid December 2019 CNX boosted an extraordinary 13.70% in just one week.
The downtrend marked by CNX has left successive declining tops and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. This week, 20w simple moving average crossed up 40w SMA.
CNX stock price history
CNX stock went public on April 30th, 1999 with a price of $4.521. Since then, CNX stock surged a 72.80%, with a yearly average of 3.60%. If you had invested right after CNX's IPO a $1,000 in CNX stock in 1999, it would worth $728.00 today.
1: Adjusted price after possible price splits or reverse-splits.
CNX stock historical price chart
CNX stock reached 52-week highs on January at $13.63, 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. For the last month we only found 1 price prediction for CNX Resources stock:
|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 . As soon as we get its posted EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, CNX Resources annual sales boosted an astounding 47.05% to $1,733.70 M USD from $1,179.02 marked in 2017. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) climbed a 13.65% to 45.94%. To have an up to date view 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 million USD. When comparing this TTM figures with the last reported annuality, we can esteem CNX Resources business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, raised a tiny 1.19%. Nonetheless, profit margin (net income/revenues) plunged at 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 reported $470.61 M in sales for 2019-Q1, a -12.95% less compared to previous quarter. Reported quarter income marked $-87.34 M with a profit margin of -18.56%. Profit margin plummed 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 fine growth and appreciated 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 buy shares of a stock, it's worth to have a look its ownership structure.
CNX Resources shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 84.95% of all shares.
In case of CNX Resources stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CNX stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related companies:
|Market cap||$1.5 B|
|Total shares||186.6 M|
|Float shares||184.6 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||85.0%|
|Shares in short selling||0.0%|
|Friday, January 17th, 2020|
|Day range||$7.78 - $8.09|
|Average true range||$0.37|
|50d mov avg||$7.95|
|100d mov avg||$7.87|
|200d mov avg||$7.98|
CNX Resources performanceTo better understand CNX Resources performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare CNX Resources performance to :