Markets

CNX Resources Corporation (CNX): Interesting Series Of Developments Taking Place

CNX Resources Corporation (NYSE:CNX) seems to be forming a pattern of major movements, providing only some crumbs of outlook for market participants trying to figure out its next move. Now trading with a market value of 3.61B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

CNX Resources Corporation (NYSE:CNX) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For CNX, the company currently has 82.49 million of cash on the books, which is offset by 6.89 million in current liabilities. The trend over time is important to note. In this case, the company’s debt has been falling. The company also has 8.12 billion in total assets, balanced by 3.05 billion in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.

CNX Resources Corporation (CNX) saw 26.86 million in free cash flow last quarter, representing a quarterly net change in cash of -426.68 million. Perhaps most importantly where cash movements are concerned, the company saw about 259.34 million in net operating cash flow.

CNX Resources Corporation (NYSE:CNX) Revenue Growth Potential

As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 425.56 million in total revenues. That represents a quarterly year/year change in revenues of -0.37 in sequential terms, the CNX saw sales decline by 0.87.



But what about the bottom line? After all, that’s what really matters in the end. CNX Resources Corporation (CNX) is intriguing when broken down to its core data. The cost of selling goods last quarter was 276.41 million, yielding a gross basic income of 149.15 million. For shareholders, given the total diluted outstanding shares of 224.18 million, this means overall earnings per share of 2.35. Note, this compares with a consensus analyst forecast of 0.16 in earnings per share for its next fiscal quarterly report.

Is CNX Resources Corporation (NYSE:CNX) Valuation Attractive

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 0.37 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 27.61. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on CNX Resources Corporation.

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