5 Stocks with the Lowest PE Ratio

4. CNX Resources Corporation (NYSE:CNX)

PE Ratio as of October 31: 1.77

Natural gas company CNX Resources Corporation (NYSE:CNX) shares have gained about 30% year to date through November 10. Yet CNX Resources Corporation (NYSE:CNX) is among the companies with the lowest PE ratios. CNX Resources Corporation (NYSE:CNX) recently posted Q3 results, missing estimates on both EPS and revenue.

CNX Resources Corporation (NYSE:CNX) in its Q3 earnings call gave some important business updates:

“We continue to believe that our shares traded at a significant discount to their intrinsic value and as such during the quarter bought back an additional 2.4 million or 1% of shares outstanding and an average price of $19.50 per share. And after the close of the quarter through October 12, we bought back an additional 1 million shares and an average price of $22.20. Since the third quarter of 2020, we’d have now bought back approximately 31% of our total shares outstanding at an average price of $15.58. An exceptional result not just in our industry anywhere in the capital markets, and we believe those results will only become more impressive as we’re well positioned to continue to take advantage of this opportunity moving forward. Turning briefly to the balance sheet, our significant maturity runway and robust hedge book continue to be key components that underpin our capital allocation flexibility.

Given these two elements, combined with our low-cost position, we remain comfortable with our current leverage profile and have the luxury to … [read full earnings call transcript here]”