(CNX) CNX Resources - Ratings and Ratios

CNX Resources Corporation, a leading independent natural gas and midstream company, specializes in the acquisition, exploration, development, and production of natural gas properties, primarily in the Appalachian Basin. The company operates through two key segments: Shale and Coalbed Methane (CBM). It produces and sells pipeline-quality natural gas, mainly to wholesalers, leveraging its extensive rights across multiple states including Pennsylvania, West Virginia, Ohio, Illinois, Indiana, New York, and Virginia for shale extraction, and Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico for CBM.

The companys midstream operations include designing, building, and operating over 2,700 miles of natural gas gathering pipelines and various processing facilities, enhancing efficiency in moving gas from wellheads to interstate pipelines. Additionally, CNX offers comprehensive water management solutions, including sourcing, delivery, and disposal, supporting both its operations and those of third parties. Formerly known as CONSOL Energy Inc., CNX Resources Corporation rebranded in November 2017, tracing its roots back to 1860 and headquartered in Canonsburg, Pennsylvania.

Ticker Symbol: CNX Exchange: NYSE Type: common stock Country Origin: United States GICS Sub Industry: Oil & Gas Exploration & Production

Average Volume 20d: 2341850 Last Price: 28.90 SMA 20: 30.27 SMA 50: 30.32 SMA 200: 31.41 ATR: 1.15

Market Cap: 4503.37M USD P/E: None P/E Forward: 19.23 P/B: 1.09 P/S: 3.84 RoE: -2.21

3-Month Forecast:

From a technical standpoint, CNX is currently trading below its SMA 20, 50, and 200, indicating a bearish trend. The stocks price of 28.90 reflects a 5.56% drop below the SMA 20 of 30.27, suggesting short-term weakness. The ATR of 1.15 indicates moderate volatility, with potential support near the lower Bollinger Band and resistance at the SMA 50. Momentum indicators like the RSI, currently at 32.41, confirm bearish momentum, with a potential sell signal if it drops below 30.

Fundamentally, CNXs forward P/E of 19.23 suggests investor expectations for earnings growth despite the current challenging environment. The P/B ratio of 1.09 indicates the stock is fairly valued relative to its book value. However, the negative RoE of -2.21 raises concerns about profitability. While the companys strategic initiatives in cost optimization and operational efficiency are promising, near-term headwinds like natural gas price volatility may impact performance. Analysts predict a potential 10-12% upside in the next quarter, driven by expected production increases and cost reductions.