CNX stock: buy or sell?

CNX stock price: $7.81 -2.13% At close on January 17th, 2020

Updated on:
January 17th, 2020

1

After climbing for 4 days, Friday CNX Resources slipped a rough -2.13%, closing at $7.81.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.

Is CNX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-2-4Robert W. Bairdn/aBuy
2019-2-1Tudor PickeringBuyHold

CNX stock analysis

Daily outlook

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%).

CNX stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $15.00

Nobody 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:
CNX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-2-4Robert W. BairdReiteratesn/a$15.00-
(in average)$0.00$15.000.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

After 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.
CNX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.29n/a
2017-Q32017-10-310.02-0.15n/a
2017-Q42018-01-300.04-0.23n/a
2018-Q12018-05-030.120.1958.3%
2018-Q22018-08-020.120.42250.0%
2018-Q32018-10-300.190.17-10.5%
2018-Q42019-01-310.280.67139.3%
2019-Q12019-05-010.24n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 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%.

CNX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,990 M-$81 M2.7%-
2014$3,536 M18.25%$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 M47.05%$797 M45.9%109.20%
TTM $1,754 M1.19%$182 M10.4%-77.20%

Quarterly financial results

CNX 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%.
CNX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
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 M34.78%$528 M117.3%90.70%
2018-Q2$368 M-18.23%$42 M11.4%-92.04%
2018-Q3$375 M1.98%$125 M33.3%197.59%
2018-Q4$541 M44.08%$102 M18.9%-18.48%
2019-Q1$471 M-12.95%$-87 M-18.6%-185.69%

CNX Resources ownership

When 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:

CNX
Market cap$1.5 B
Total shares186.6 M
Float shares184.6 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)85.0%
Shares in short selling0.0%

CNX summary

Friday, January 17th, 2020
Open$8.05
Close$7.81
Day range$7.78 - $8.09
Previous close$7.98
Session gain-2.13%
Average true range$0.37
50d mov avg$7.95
100d mov avg$7.87
200d mov avg$7.98
Daily patternlt03a
Weekly pattern lt02a

CNX Resources performance

To 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 :
Stock3m6m12m
CNXCNX Resources5.11%9.38%-41.89%

CNX Resources competitors

Unfortunately, we could not find any public company that could be defined as CNX Resources competitor. This doesn't mean CNX Resources does not have any competitor in the market, it's just we could not detected it.