Core Natural Resources, Inc. (NYSE:CNR – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $64.00 and last traded at $64.00, with a volume of 1526 shares. The stock had previously closed at $67.70.
Wall Street Analyst Weigh In
Several research firms have recently commented on CNR. Jefferies Financial Group raised 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 report on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $112.00 target price on shares of Core Natural Resources in a research report on Tuesday, February 25th. B. Riley lowered their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a report on Monday, February 24th. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, StockNews.com began coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.17.
Check Out Our Latest Report on CNR
Core Natural Resources Stock Down 6.1 %
Core Natural Resources (NYSE:CNR – Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. The firm had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. As a group, research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.
Core Natural Resources Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.63%. Core Natural Resources’s payout ratio is 4.16%.
Insider Buying and Selling at Core Natural Resources
In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the transaction, the director now directly owns 13,348 shares in the company, valued at $1,005,104.40. The trade was a 39.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.02% of the company’s stock.
Institutional Trading of Core Natural Resources
Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Core Natural Resources during the 1st quarter valued at $25,000. GAMMA Investing LLC boosted 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 purchasing an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Core Natural Resources during the fourth quarter worth approximately $26,000. Fortitude Family Office LLC lifted its stake in Core Natural Resources by 63.8% in the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after purchasing an additional 104 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position 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 worth $31,000 after acquiring an additional 100 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.
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.
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