NYSE:CNX

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Executive Summary

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas properties primarily in the Appalachian Basin. More Details


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has CNX Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CNX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CNX's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-3.6%

CNX

4.4%

US Oil and Gas

1.5%

US Market


1 Year Return

37.2%

CNX

-29.3%

US Oil and Gas

22.3%

US Market

Return vs Industry: CNX exceeded the US Oil and Gas industry which returned -31.7% over the past year.

Return vs Market: CNX exceeded the US Market which returned 22.1% over the past year.


Shareholder returns

CNXIndustryMarket
7 Day-3.6%4.4%1.5%
30 Day6.2%33.5%8.8%
90 Day-10.1%17.2%10.8%
1 Year37.2%37.2%-24.6%-29.3%25.1%22.3%
3 Year-34.2%-34.2%-30.8%-40.2%49.5%39.6%
5 Year62.7%35.5%-12.5%-29.7%105.8%83.3%

Long-Term Price Volatility Vs. Market

How volatile is CNX Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CNX Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CNX ($9.47) is trading below our estimate of fair value ($26.72)

Significantly Below Fair Value: CNX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CNX is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: CNX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CNX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CNX is good value based on its PB Ratio (0.5x) compared to the US Oil and Gas industry average (1x).


Next Steps

Future Growth

How is CNX Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

68.1%

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 (2.2%).

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's is expected to become profitable in the next 3 years.

Revenue vs Market: CNX's revenue (6.9% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: CNX's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CNX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CNX Resources performed over the past 5 years?

12.8%

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, but has reduced losses over the past 5 years at a rate of 12.8% 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 (-29.6%).


Return on Equity

High ROE: CNX has a negative Return on Equity (-20.25%), as it is currently unprofitable.


Next Steps

Financial Health

How is CNX Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CNX's short term assets ($332.2M) do not cover its short term liabilities ($508.0M).

Long Term Liabilities: CNX's short term assets ($332.2M) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: CNX's debt to equity ratio (61.3%) is considered high.

Reducing Debt: CNX's debt to equity ratio has reduced from 75.5% to 61.3% 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 27% per year.


Next Steps

Dividend

What is CNX Resources's current dividend yield, its reliability and sustainability?


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.


Current Payout to Shareholders

Dividend Coverage: CNX is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CNX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Nick DeIuliis (51 yo)

5.58yrs

Tenure

US$13,741,437

Compensation

Mr. Nicholas J. DeIuliis, also known as Nick, serves as a Director and the President and Chief Executive Officer of CNX Resources Corporation. Prior to the separation of CONSOL Energy Inc. into two separat...


CEO Compensation Analysis

Compensation vs Market: Nick's total compensation ($USD13.74M) is above average for companies of similar size in the US market ($USD4.20M).

Compensation vs Earnings: Nick's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Nicholas DeIuliis
President5.58yrsUS$13.74m0.53%
$ 11.3m
Donald Rush
Chief Financial Officer3.33yrsUS$3.06m0.047%
$ 1.0m
Chad Griffith
Chief Operating Officer1.42yrsUS$1.46m0.036%
$ 774.6k
Olayemi Akinkugbe
Chief Excellence Officer1.42yrsUS$713.40k0.0042%
$ 89.3k
Alan Shepard
VP & Chief Accounting Officer0.83yrno datano data
Tyler Lewis
VP of Investor Relationsno datano datano data
Stephanie Gill
VP, General Counsel & Corporate Secretaryno datano data0.023%
$ 494.8k
Jason Mumford
VP of SEC Financial Reporting & Controllerno datano data0.0041%
$ 87.6k

1.4yrs

Average Tenure

41.5yo

Average Age

Experienced Management: CNX's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Nicholas DeIuliis
President5.58yrsUS$13.74m0.53%
$ 11.3m
William Thorndike
Independent Chairman of the Board4.58yrsUS$612.50k0.20%
$ 4.3m
Bernard Lanigan
Independent Director4.58yrsUS$313.33k0.032%
$ 687.2k
John Clarkson
Independent Director3.58yrsUS$300.00k0.035%
$ 739.3k
Maureen Lally-Green
Independent Director7.5yrsUS$300.00k0.023%
$ 484.6k
Ian McGuire
Independent Director1.42yrsUS$217.50k0.029%
$ 619.6k

4.6yrs

Average Tenure

59.5yo

Average Age

Experienced Board: CNX's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CNX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.3%.


Top Shareholders

Company Information

CNX Resources Corporation's company bio, 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
  • Market Cap: US$2.126b
  • Shares outstanding: 224.53m
  • Website: https://www.cnx.com

Number of Employees


Location

  • CNX Resources Corporation
  • CNX Center
  • Suite 400
  • Canonsburg
  • Pennsylvania
  • 15317-6506
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNXNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 1999
CGDDB (Deutsche Boerse AG)YesCommon StockDEEURApr 1999

Biography

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas properties primarily in the Appalachian Basin. The company operates through two divisions, Ex...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 23:16
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.