| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
CNX Stock Overview
CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin.
Rewards
Risk Analysis
No risks detected for CNX from our risk checks.
CNX Resources Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.67 |
| 52 Week High | US$24.21 |
| 52 Week Low | US$10.41 |
| Beta | 1.26 |
| 1 Month Change | -25.68% |
| 3 Month Change | -20.70% |
| 1 Year Change | 23.39% |
| 3 Year Change | 126.50% |
| 5 Year Change | 14.57% |
| Change since IPO | 133.97% |
Recent News & Updates
CNX Resources: Back To Support After A 30% Drop
The Energy sector has been pummeled recently as a global growth scare worries investors. CNX Resources is down 30% from its high earlier in June, and shares are right at a support area. Long-term investors might eye the company as a value play given its strong free cash flow yield and the potential for increased stock buybacks.
Shareholder Returns
| CNX | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | -2.7% | 1.1% | -2.5% |
| 1Y | 23.4% | 28.8% | -21.2% |
Return vs Industry: CNX underperformed the US Oil and Gas industry which returned 26.6% over the past year.
Return vs Market: CNX exceeded the US Market which returned -21.7% over the past year.
Price Volatility
| CNX volatility | |
|---|---|
| CNX Average Weekly Movement | 7.3% |
| Oil and Gas Industry Average Movement | 8.9% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: CNX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: CNX's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1860 | 441 | Nick DeIuliis | https://www.cnx.com |
CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane. It produces and sells pipeline quality natural gas primarily for gas wholesalers.
CNX Resources Fundamentals Summary
| CNX fundamental statistics | |
|---|---|
| Market Cap | US$3.25b |
| Earnings (TTM) | -US$1.52b |
| Revenue (TTM) | US$2.76b |
1.2x
P/S Ratio-2.1x
P/E RatioIs CNX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CNX income statement (TTM) | |
|---|---|
| Revenue | US$2.76b |
| Cost of Revenue | US$551.34m |
| Gross Profit | US$2.21b |
| Other Expenses | US$3.73b |
| Earnings | -US$1.52b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -7.79 |
| Gross Margin | 80.01% |
| Net Profit Margin | -55.11% |
| Debt/Equity Ratio | 87.1% |
How did CNX perform over the long term?
See historical performance and comparisonValuation
Is CNX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CNX?
Other financial metrics that can be useful for relative valuation.
| What is CNX's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$3.25b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2x |
| Enterprise Value/EBITDA | -4x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does CNX's PS Ratio compare to its peers?
| CNX PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.2x | ||
KOS Kosmos Energy | 1.6x | 2.2% | US$2.8b |
SM SM Energy | 1.4x | -4.8% | US$4.2b |
DEN Denbury | 2.2x | -5.1% | US$3.1b |
VNOM Viper Energy Partners | 3.6x | -4.6% | US$4.5b |
CNX CNX Resources | 1.2x | -9.7% | US$3.3b |
Price-To-Sales vs Peers: CNX is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (2.2x).
Price to Earnings Ratio vs Industry
How does CNX's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Sales vs Industry: CNX is good value based on its Price-To-Sales Ratio (1.2x) compared to the US Oil and Gas industry average (1.8x)
Price to Sales Ratio vs Fair Ratio
What is CNX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.2x |
| Fair PS Ratio | 2.8x |
Price-To-Sales vs Fair Ratio: CNX is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).
Share Price vs Fair Value
What is the Fair Price of CNX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CNX ($16.67) is trading below our estimate of fair value ($24.72)
Significantly Below Fair Value: CNX is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CNX's PEG Ratio to determine if it is good value.
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Future Growth
How is CNX Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
85.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: CNX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CNX is expected to become profitable in the next 3 years.
Revenue vs Market: CNX's revenue is expected to decline over the next 3 years (-9.7% per year).
High Growth Revenue: CNX's revenue is forecast to decline over the next 3 years (-9.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CNX's Return on Equity is forecast to be low in 3 years time (15.3%).
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Past Performance
How has CNX Resources performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-43.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNX is currently unprofitable.
Growing Profit Margin: CNX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CNX is unprofitable, and losses have increased over the past 5 years at a rate of 43.8% per year.
Accelerating Growth: Unable to compare CNX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CNX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (102.2%).
Return on Equity
High ROE: CNX has a negative Return on Equity (-59.14%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is CNX Resources's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: CNX's short term assets ($416.9M) do not cover its short term liabilities ($2.1B).
Long Term Liabilities: CNX's short term assets ($416.9M) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: CNX's net debt to equity ratio (86.6%) is considered high.
Reducing Debt: CNX's debt to equity ratio has increased from 67.1% to 87.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CNX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CNX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.8% per year.
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Dividend
What is CNX Resources's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CNX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CNX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CNX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CNX's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: CNX is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as CNX has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
Nick DeIuliis (53 yo)
11.33yrs
Tenure
US$8,572,755
Compensation
Mr. Nicholas J. DeIuliis, also known as Nick, serves as Director and Chief Executive Officer of CNX Resources Corporation since May 7, 2014 and its President since February 23, 2011. Prior to the separatio...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD8.57M) is about average for companies of similar size in the US market ($USD6.90M).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CNX's management team is considered experienced (2.2 years average tenure).
Board Members
Experienced Board: CNX's board of directors are considered experienced (6.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CNX Resources Corporation's employee growth, exchange listings and data sources
Key Information
- Name: CNX Resources Corporation
- Ticker: CNX
- Exchange: NYSE
- Founded: 1860
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$3.251b
- Shares outstanding: 195.03m
- Website: https://www.cnx.com
Number of Employees
Location
- CNX Resources Corporation
- CNX Center
- Suite 400
- Canonsburg
- Pennsylvania
- 15317-6506
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.