Analyzing CNX Resources (CNX) & Its Peers

CNX Resources (NYSE:CNX) is one of 1,051 public companies in the “Oil, Gas & Consumable Fuels” industry, but how does it weigh in compared to its competitors? We will compare CNX Resources to similar companies based on the strength of its institutional ownership, profitability, earnings, risk, analyst recommendations, valuation and dividends.

Risk and Volatility

CNX Resources has a beta of 0.61, suggesting that its share price is 39% less volatile than the S&P 500. Comparatively, CNX Resources’ competitors have a beta of -3.76, suggesting that their average share price is 476% less volatile than the S&P 500.

Valuation and Earnings

This table compares CNX Resources and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
CNX Resources	$2.24 billion	$633.16 million	5.99
CNX Resources Competitors	$11.60 billion	$5.51 billion	-0.39

CNX Resources’ competitors have higher revenue and earnings than CNX Resources. CNX Resources is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Insider and Institutional Ownership

95.2% of CNX Resources shares are held by institutional investors. Comparatively, 30.8% of shares of all “Oil, Gas & Consumable Fuels” companies are held by institutional investors. 5.0% of CNX Resources shares are held by company insiders. Comparatively, 15.3% of shares of all “Oil, Gas & Consumable Fuels” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares CNX Resources and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
CNX Resources	35.16%	10.13%	5.17%
CNX Resources Competitors	-469.71%	19.37%	6.42%

Analyst Recommendations

This is a breakdown of current ratings for CNX Resources and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
CNX Resources	3	9	0	0	1.75
CNX Resources Competitors	5973	26967	40820	2413	2.52

CNX Resources currently has a consensus target price of $34.88, indicating a potential downside of 1.39%. As a group, “Oil, Gas & Consumable Fuels” companies have a potential upside of 28.88%. Given CNX Resources’ competitors stronger consensus rating and higher probable upside, analysts clearly believe CNX Resources has less favorable growth aspects than its competitors.

Summary

CNX Resources competitors beat CNX Resources on 9 of the 13 factors compared.

CNX Resources Company Profile

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.