CNX Resources Corp (NYSE: CNX) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted CNX Reports Fourth Quarter Results.

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Stocks Info

CNX Resources Corp is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $20.15 and fluctuated between $20.24 as its day high and $19.92 as its day low. The current market capitalization of CNX Resources Corp is $3.20B. A total of 1.94 million shares were traded on the day, compared to an average of 2.82M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CNX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 11 SELLs from insiders. Insiders purchased 436,273 shares during that period but sold 95,900.

In the most recent transaction, LANIGAN BERNARD JR bought 45,805 shares of CNX for 21.83 per share on Sep 18. After the transaction, the Director now owns 251,820 company shares. In a previous transaction on Sep 15, LANIGAN BERNARD JR bought 98,635 shares at 22.00 per share. CNX shares that Director owns now total 206,015.

Among the insiders who bought shares, LANIGAN BERNARD JR acquired of 28,390 shares on Jun 30 at a per-share price of $17.72. This resulted in the Director holding 28,390 shares of CNX after the transaction. In another insider transaction, LANIGAN BERNARD JR bought 137,835 shares at $15.24 per share on May 30. Company shares held by the Director now total 137,835.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CNX in the last 3 months, the mean price target is $22.25 with high estimates of $29.00 and low estimates of $17.00. In terms of 52-week highs and lows, CNX has a high of $23.68 and a low of $14.36.

As of this writing, CNX has an earnings estimate of $0.43 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.62 per share and a lower estimate of $0.28. The company reported an EPS of $0.35 in the last quarter, which was 9.40% higher than expectations of $0.32.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CNX’s latest balance sheet shows that the firm has $3.56M in Cash & Short Term Investments as of fiscal 2021. There were $2.27B in debt and $954.58M in liabilities at the time. Its Book Value Per Share was $24.79, while its Total Shareholder’s Equity was $3.70B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNX is Buy with a score of 3.00.

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