On September 11, 2023, Truist Securities analyst Bertrand Hodee expressed his opinion on CNX Resources (NYSE:CNX), maintaining a Hold rating but increasing the price target from $19 to $21. This update comes after the average one-year price target for CNX Resources was reported to be $19.61 as of April 24, 2023. The range for this target was between $16.16 and $29.40. It is worth noting that this average price target reflects a notable 26.66% increase from the company’s latest reported closing price of $15.48.
However, the landscape has shifted slightly as of September 8, 2023, with two research analysts rating the stock as a sell and three issuing a hold rating on the company. Unfortunately, the average twelve-month price target is not specified at this time.
CNX Resources Corporation
CNX
Strong Buy
Updated on: 03/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Buy
CNX Stock Performance and Future Prospects: September 11, 2023 Analysis
CNX stock had a mixed performance on September 11, 2023. The stock opened at $22.58 and fluctuated between $22.31 and $22.64 throughout the day. The volume of shares traded was 201,988. CNX has a market capitalization of $3.6 billion. The company has shown positive earnings growth in the past year, but earnings growth for this year has been negative. The company is projected to have modest earnings growth over the next five years. Revenue growth for CNX has been impressive, but profitability has been a concern. The stock has a low price-to-earnings ratio and price-to-sales ratio, suggesting it may be undervalued. CNX’s stock performance on September 11, 2023, was relatively stable compared to other energy companies. The company is scheduled to report its next earnings on October 31, 2023. CNX’s corporate headquarters is located in Canonsburg, Pennsylvania. The company does not have any executives listed. Investors will be closely watching the upcoming earnings report to assess the company’s financial performance and future prospects.
CNX Resources Corp Stock Analysis: Stable Outlook with Potential Decrease, Analysts Say
CNX Resources Corp, a leading natural gas exploration and production company, has been closely monitored by analysts and investors for its stock performance. On September 11, 2023, the stock was trading at a price of $22.49. However, the 12 analysts offering 12-month price forecasts for CNX Resources Corp have a median target of $21.50, with a high estimate of $27.00 and a low estimate of $19.00. This indicates a potential -4.40% decrease from the last price.
The current consensus among 15 polled investment analysts is to hold stock in CNX Resources Corp. This rating has remained unchanged since July, suggesting a stable outlook for the company. Investors are advised to hold onto their positions, as the analysts’ forecasts do not indicate significant growth potential in the near future.
CNX Resources Corp reported earnings per share of $0.33 for the current quarter. This indicates a positive performance, potentially contributing to the stability of the stock rating. The company also reported sales of $416.1 million for the same period, reflecting a healthy revenue stream.
Investors and analysts eagerly await the reporting date of October 31, when CNX Resources Corp will release its financial results for the current quarter. This information will provide further insights into the company’s performance and may impact the stock’s future trajectory.
Overall, CNX Resources Corp’s stock performance on September 11, 2023, suggests a stable outlook with a slight potential for a decrease in value according to analysts’ forecasts. The hold rating from investment analysts and the positive financial performance reported for the current quarter contribute to this stable outlook. Investors should closely monitor the company’s upcoming financial results to make informed decisions regarding their investment in CNX Resources Corp.
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