CNX stock: buy or sell?

CNX stock price: $7.55 -0.53% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

1

Shares of CNX Resources slightly fell an unpleasant -0.53% and closed at $7.55. On Monday CNX boosted a dazzling 5.57%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CNX will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

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

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 stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $15.00

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. Currently, only 1 price forecast for CNX Resources stock was published in the last 30 days:
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 eased a shocking -12.21%. As soon as we get its actual 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

Compared 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%

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 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%.
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 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:

CNXARLPNRP
Market cap$1.5 B$2.0 B$337.2 M
Total shares195.7 M128.4 M12.3 M
Float shares185.3 M86.5 M9.6 M
  - Institutional holdings (%)103.4%27.8%35.1%
  - Insider holdings (%)1.7%30.6%35.5%
Shares in short selling0.0%0.0%0.0%

CNX summary

Friday, August 23rd, 2019
Open$7.45
Close$7.55
Day range$7.33 - $7.76
Previous close$7.59
Session gain-0.53%
Average true range$0.46
50d mov avg$7.19
100d mov avg$8.12
200d mov avg$10.09
Daily patternlt06a
Weekly pattern lt03a

CNX Resources performance

Performance 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 :
Stock3m6m12m
CNXCNX Resources-0.66%-27.82%-52.55%
ARLPAlliance Resource...-6.77%-12.49%-13.74%
NRP-30.24%-31.28%-8.03%

CNX Resources competitors

Defining a list of competitors for CNX Resources it's difficult. We selected 2 public companies that are related to and can be considered as competitors of CNX Resources: