CNX Resources Corp (NYSE: CNX) has reported earnings for its first fiscal quarter (ending March 31) of $0.04 versus $4.22 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $6.34 versus $8.75 for the same period a year ago.
Recent Price Action
CNX Resources Corp (NYSE: CNX) stock declined modestly by -1.1% on 4/25/24. The stock closed at $23.94. Moreover, this decline was accompanied by unusually high trading volume at 160% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
CNX is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
CNX Resources has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CNX Resources has a good Appreciation Score of 78 but a neutral Power Rating of 41, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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