For its third fiscal quarter (ending September 30), CNX Resources Corp (NYSE: CNX) has reported a 238% increase in E.P.S. from $0.13 a year ago to $0.44 in the current quarter. E.P.S. were $3.65 for the latest four quarters through September 30 versus $13.98 for the same period a year ago — a decline of -74%.
Recent Price Action
CNX Resources Corp (NYSE: CNX) stock enjoyed a large increase of 3.8% on 10/24/24. The stock closed at $37.20. Moreover, trading volume in this advance was unusually high at 176% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CNX is expected to be Value Creation neutral.
CNX Resources has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. CNX Resources has a good Appreciation Score of 76 and a very high Power Rating of 92, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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