Core Natural Resources, Inc. (NYSE:CNR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $140.20.

A number of research analysts have recently weighed in on the company. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and cut their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark restated a “buy” rating and set a $112.00 target price on shares of Core Natural Resources in a research report on Tuesday, February 25th. StockNews.com began coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They issued a “hold” rating on the stock. Finally, B. Riley reduced their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday.

Core Natural Resources Stock Performance

Shares of NYSE:CNR opened at $73.71 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. Core Natural Resources has a 1-year low of $58.19 and a 1-year high of $134.59. The stock has a market capitalization of $3.94 billion, a P/E ratio of 7.67 and a beta of 1.42. The business has a 50-day moving average price of $76.13 and a two-hundred day moving average price of $122.76.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Equities analysts predict that Core Natural Resources will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 dividend on an annualized basis and a yield of 0.54%. Core Natural Resources’s payout ratio is 4.16%.

Insider Transactions at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the transaction, the director now owns 13,348 shares in the company, valued at $1,005,104.40. This represents a 39.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in CNR. Versant Capital Management Inc acquired a new position in Core Natural Resources in the 1st quarter worth $25,000. GAMMA Investing LLC boosted its position in shares of Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Core Natural Resources during the fourth quarter worth about $26,000. Fortitude Family Office LLC grew its holdings in shares of Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after buying an additional 104 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. 86.54% of the stock is currently 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.