Core Natural Resources, Inc. (NYSE:CNR) Receives $147.17 Average Target Price from Analysts

Core Natural Resources, Inc. (NYSE:CNR) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $147.17.

CNR has been the subject of several recent analyst reports. StockNews.com initiated coverage on Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. B. Riley decreased their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Benchmark restated a “buy” rating and set a $112.00 target price on shares of Core Natural Resources in a research note on Tuesday, February 25th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and decreased their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th.

Core Natural Resources Stock Down 1.7 %

NYSE:CNR opened at $73.27 on Tuesday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 7.62 and a beta of 1.65. Core Natural Resources has a 1-year low of $66.54 and a 1-year high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $98.58 and its 200 day moving average price is $129.62.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.44. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The company had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. On average, sell-side analysts forecast that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. Core Natural Resources’s dividend payout ratio is currently 4.16%.

Hedge Funds Weigh In On Core Natural Resources

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Core Natural Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Core Natural Resources during the 4th quarter valued at $26,000. Fortitude Family Office LLC increased its holdings in Core Natural Resources by 63.8% during the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Core Natural Resources by 226.7% in the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after buying an additional 170 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

About Core Natural Resources

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company’s PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.