Analysts Turn Mixed On CNX Resources Corporation (CNX), SM Energy Company (SM)

    The shares of CNX Resources Corporation (NYSE:CNX) has been pegged with a rating of Hold by Tudor Pickering in its latest research note that was published on February 1st, 2019. Tudor Pickering wasn’t the only research firm that published a report of CNX Resources Corporation, with other equities research analysts also giving their opinion on the stock. MKM Partners advised investors in its research note published on December 6th, 2018, to Buy the CNX stock while also putting a $19 price target. The stock had earned Sell rating from Goldman when it published its report on September 11th, 2018. The stock was given Underperform rating by Raymond James in its report released on August 6th, 2018. Stifel was of a view that CNX is Hold in its latest report on May 23rd, 2018 while giving it a price target of $18. Tudor Pickering thinks that CNX is worth Buy rating. This was contained in the firm’s report on February 27th, 2018.

    The consensus currently stands at a Hold while its average price target is $11.56. The price of the stock the last time has raised by 31.11% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 61.79.

    The shares of the company added by 0.75% during the trading session on Thursday, reaching a low of $8.03 while ending the day at $8.05. During the trading session, a total of 2.73 million shares were traded which represents a 42.76% incline from the average session volume which is 4.77M shares. CNX had ended its last session trading at 7.99. CNX Resources Corporation currently has a market cap of $1.53B, while its P/E ratio stands at 5.41, while its P/E earnings growth sits at 0.87, with a beta of 0.64. CNX Resources Corporation debt-to-equity ratio currently stands at 0.61, while its quick ratio hovers at 0.70. CNX 52-week low price stands at $6.14 while its 52-week high price is $16.09.

    Investment analysts at BofA/Merrill published a research note on August 2nd, 2019 where it informed investors and clients that SM Energy Company (NYSE:SM) is now rated as Underperform. Their price target on the stock stands at $14. MKM Partners also rated SM as Initiated on December 6th, 2018, with its price target of $225 suggesting that SM could surge by 42.5% from its current share price. Even though the stock has been trading at $9.08/share, analysts expect it to surge higher by 5.07% to reach $16.59/share. It started the day trading at $9.59 and traded between $9.18 and $9.54 throughout the trading session.

    A look at its technical shows that SM’s 50-day SMA is 10.25 while its 200-day SMA stands at 15.08. The stock has a high of $33.76 for the year while the low is $8.46. The company’s P/E ratio currently sits at 24.59, while the P/B ratio is 0.38. At the moment, only of SM Energy Company shares were sold short. The company’s average trading volume currently stands at 4.01M shares, which means that the short-interest ratio is just 4.39 days. Over the past seven days, the company moved, with its shift of 3.47%. Looking further, the stock has dropped -14.97% over the past 90 days while it lost -40.56% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more SM shares, increasing its portfolio by +29.73% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 2,577,452 shares in the last quarter, thus it now holds 11,248,113 shares of SM, with a total valuation of $112,143,687. The Vanguard Group Inc meanwhile bought more SM shares in the recently filed quarter, changing its stake to $107,838,302 worth of shares. Dimensional Fund Advisors LP followed the path by decreasing its SM portfolio by -0.11% in the quarter. This means that Dimensional Fund Advisors LP sold -10,769 shares in the last quarter and now controls 9,442,601 shares of the SM stock, with the valuation hitting $94,142,732.

    Similarly, SSgA Funds Management Inc increased its SM Energy Company shares by +22.38% during the recently filed quarter. After buying 1,265,987 shares in the last quarter, the firm now controls 6,923,026 shares of SM Energy Company which are valued at $69,022,569. In the same vein, Millennium Management LLC increased its SM Energy Company shares by during the most recent reported quarter. The firm bought 1,342,751 shares during the quarter which increased its stakes to 6,220,232 shares and is now valued at $62,015,713. Following these latest developments, around 1.20% of SM Energy Company stocks are owned by institutional investors and hedge funds.