Bullish Case: The recent boosted revenue and EPS estimates for CNX Resources indicate prospects of increased statutory revenues and earnings per share[Yahoo]. Furthermore, the stock's improved relative strength rating suggests a potential upward performance trend[investors.com].


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Bearish Case: Notable stake reductions by Amalgamated Bank[beststocks.com] and Pacer Advisors[defenseworld.net] indicates potential lack of confidence in the company's future performance. The price to book ratio of 1.1[Helium] signifies possible overvaluation of the company.


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Takeaway: While increased profitability is foreseen due to boosted revenue and EPS estimates[Yahoo], the company’s future performance is shrouded with uncertainty due to noteworthy stake reductions from major institutional investors[beststocks.com][defenseworld.net]. Offsetting these factors will be key for CNX.


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Potential Outcomes:

1) The current revenue and EPS upgrades boost CNX profitability in the foreseeable future (75%)[Yahoo]. 2) Severe backlash from investors due to reduced stakes leading to stock price decrease (50%)[beststocks.com][defenseworld.net]. 3) Market volatility reflected by the near-zero percentile of implied market uncertainty adversely affects stock performance (80%)[Helium]. 4) Institutional sellers would further lower their positions, further deteriorating the company's value (60%)[beststocks.com][defenseworld.net].


September 01, 2023


CNX Resources Forecast

[CNX]  CNX Resources
Price Forecast: BULLISH    Price Action: FLAT




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