How to Buy Cnx Resources Stock
Cnx Resources Corp
Cnx Resources is a oil and gas company located in Pennsylvania, United States, which is part of the Energy sector, and is traded under the ticker CNX on the NYSE exchange.
Cnx Resources stock last closed at $24.21, up 0.58% from the previous day, and has increased 54.4% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.36 percentage points. Cnx Resources stock is currently +68.59% from its 52-week low of $14.36, and -2.46% from its 52-week high of $24.82.
As of Apr 24, 2024, there are 151.79M shares of CNX outstanding. The market capitalization of CNX is $3.67B. In the past 24 hours, 3.43M CNX shares were traded.
How to Buy Cnx Resources Stock
Wondering how to invest in Cnx Resources stock? Here's how.
- Decide where to buy Cnx Resources stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Cnx Resources stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your method of payment and add your details.
- Analyze Cnx Resources stock: The Cnx Resources ticker symbol is CNX. Is Cnx Resources stock a good investment? Should you buy shares of CNX? How do CNX's underlying business fundamentals look? Do top analysts think Cnx Resources is a good buy? Why has CNX's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if CNX is a good stock to buy).
- Place your CNX buy order: Decide if you will purchase CNX shares at the current market price or use a limit order to purchase CNX shares at a specific price.
- Keep tabs on your CNX position: Create a watchlist to important notifications about your new investment in Cnx Resources shares.
Step 1: Decide where to buy Cnx Resources stock
You need a brokerage account to access the NYSE market and buy CNX shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal details so you are able to invest in CNX today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open a new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on the best beginner stock app, you need to deposit funds:
Check out the video below to see the process of transferring money into your investment account.
Step 4: Analyze Cnx Resources stock
Once you have selected the best place to buy Cnx Resources stock, it's important to evaluate their stock prior to investing, so you can wrap your head around the risk and upside.
Cnx Resources shares data
CNX Zen Score
WallStreetZen was designed to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on CNX's stock page.
Is CNX stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CNX's fair value.
Using relative valuations ratios:
- CNX could be undervalued based on its P/E ratio of 2.29x, relative to Oil & Gas E&P industry P/E ratio of 15.16x
- CNX could be undervalued based on its P/B ratio of 0.84x, relative to Oil & Gas E&P industry P/B ratio of 2.15x
- CNX may be undervalued based on its PEG ratio of 0.14x
You can access more valuation research on CNX's stock here.
Is CNX a healthy company?
Positive Health Checks:
- CNX earnings of $2.37B is not sufficient to cover its interest payments.
- CNX's operating cash flow of $814.59M allows it to safely service it's debt of $2.37B.
- CNX profit margin has gone up from -11.3% to 50.1% in the past year.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the CNX balance sheet.
- CNX has a relatively high debt to equity ratio of 0.98.
- There are more short-term liabilities than short-term assets on the CNX balance sheet.
- Total CNX debt is higher than 5 years ago, relative to shareholder equity.
Is Cnx Resources stock a Buy, Hold, or Sell, according to analysts?
Out of 5 Equities analysts who monitor CNX, the consensus analyst rating on CNX is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Cnx Resources stock forecast page.
CNX Trading Indicators
How are CNX Revenues/Earnings doing?
Last year, CNX earnings were $1.72B. During the past five year, CNX's earnings have increased by 23.08% per year. This was faster than the Oil & Gas E&P industry average of 12.87%.
Last year, CNX revenue was $3.43B. During the past five year, CNX's revenue has grown by 14.7% per year. This was slower than the Oil & Gas E&P industry average of 19.2%.
Dive into CNX's earnings and revenue performance here.
What are CNX executives and large shareholders up to?
In the past 12 months, executives and large shareholders at CNX have bought more shares than they have sold.
N. J. Deiuliis, President and CEO of CNX, was the latest CNX insider to sell. They sold $10,592,068.24 worth of CNX stock on Mar 19, 2024.
Learn more about who owns CNX shares here.
Does CNX stock generate passive income?
No, Cnx Resources doesn't provide an income stream by paying out dividends.
What do other traders have to say about CNX?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your CNX buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open button and eToro will place the order.
If you need more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your CNX position
Now that you own some CNX shares, you'll want to keep up with your new investment.
Add CNX to a watchlist to track your CNX stock.
CNX Feed
How to Buy Stock in Cnx Resources
To summarize, here are the 6 steps to buy Cnx Resources stock:
- Decide where to buy Cnx Resources stock
- Open a brokerage account
- Deposit funds into your investment account
- Analyze Cnx Resources stock
- Place your CNX buy order
- Keep tabs on your CNX position
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Cnx Resources, get started below.
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