CNX Resources (NYSE:CNX) Downgraded by Stifel Nicolaus to Hold

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CNX Resources stock has undergone multiple analysts rating changes in the recent past.  CNX Resources stock rating Downgraded by   Stifel Nicolaus on 6/1/2020. In a note to investors, the firm issued a Hold rating. The analysts previously had Buy rating on the stock.

Shares of CNX Resources traded down -$0.39 on Monday, reaching $9.80. 781907 shares of the stock traded hands, compared to its average volume of 5904485. Shares of CNX
CNX Resources at half way point were at $9.80 on Monday. The firm’s 50 day moving average is $$9.36 and its 200 day moving average is $7.93.CNX Resources  has a 12 month low of $9.68 and a 12 month high of $14.19. While on yearly highs and lows, CNX Resources’s today has traded high as $10.05 and has touched $9.68 on the downward trend.

CNX Resources Earnings and What to expect: 

CNX Resources last released its earnings data on April 27th, 2020. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.50. The business earned $416.30 million during the quarter, compared to the consensus estimate of $407.17 million. Its revenue was up 49.5% on a year-over-year basis. CNX Resources has generated $0.26 earnings per share over the last year. CNX Resources has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for CNX Resources are expected to grow by 8.70% in the coming year, from $0.23 to $0.25 per share. The P/E ratio of CNX Resources is -5.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of CNX Resources is -5.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. CNX Resources has a P/B Ratio of 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 3.00%
  • On 7/26/2019 Director Bernard Lanigan, Jr. Buy 200,000 at average share price of $6.39 which equates to $1,278,000.00 in money value.
  • On 6/25/2019 Director J. Palmer Clarkson Buy 20,000 at average price of  $6.98 with total value of : $139,600.00
  • On 6/19/2019 Director Bernard Lanigan, Jr. Buy 34,150 at average price of  $7.32 with total value of : $249,978.00

Recent ratings from brokers: 

  • 5/11/2020 – CNX Resources was downgraded by analysts at Tudor Pickering from a “buy” rating to a “hold” rating. (View)
  • 4/28/2020 – CNX Resources was downgraded by analysts at MKM Partners from a “buy” rating to a “neutral” rating. They now have a $12.00 price target on the stock, up previously from $11.00. (View)
  • 4/28/2020 – CNX Resources was upgraded by analysts at Raymond James from an “underperform” rating to an “outperform” rating. They now have a $17.00 price target on the stock. (View)
  • 4/27/2020 – CNX Resources had its price target raised by analysts at Cfra from $7.50 to $14.00. They now have a “hold” rating on the stock. (View)

Other rating updates by Stifel Nicolaus: 

  • 6/1/2020 – EQT was downgraded by analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating. They now have a $8.00 price target on the stock. (View)
  • 6/1/2020 – Canopy Growth was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “sell” rating. (View)
  • 6/1/2020 – Cabot Oil & Gas was downgraded by analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating. They now have a $16.00 price target on the stock, up previously from $13.00. (View)
  • 5/29/2020 – Horizon Therapeutics had its price target raised by analysts at Stifel Nicolaus from $50.00 to $60.00. (View)

CNX Resources (NYSE:CNX) Moving Average Technical Analysis

5 day Moving Average is $$10.10 And 5 day price change is -$0.66 (-6.36%)  with average volume for 5 day average is 5,701,736. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $10.17 and 20 day price change is -$0.43 (-4.24%) and average 20 day moving volume is 4,445,719

Compare this to pre-covid-19 (Coronavirus) pandemic , 50 day moving average is $9.36  and 50 day price change is $1.94 ( 24.94%)  and with average volume for 50 days is : 5,734,813. 200 day moving average is $7.93  and 200 day price change is $2.84 (41.28%)  and with average volume for 200 days is : 4,907,991.

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