UBS Group Begins Coverage on Core Natural Resources (NYSE:CNR)

UBS Group initiated coverage on shares of Core Natural Resources (NYSE:CNR) in a report issued on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $80.00 target price on the energy company’s stock.

Other research analysts have also issued research reports about the stock. B. Riley lowered their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a “buy” rating for the company in a report on Friday, April 11th. Benchmark reduced their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.80.

Core Natural Resources Stock Up 6.2%

Core Natural Resources stock opened at $71.58 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. Core Natural Resources has a 52-week low of $58.19 and a 52-week high of $134.59. The firm has a 50 day moving average price of $71.31 and a two-hundred day moving average price of $99.75. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 7.45 and a beta of 0.69.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($3.12). Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $964.15 million. Equities analysts predict that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.10 dividend. This represents a yield of 0.57%. The ex-dividend date is Friday, May 30th. Core Natural Resources’s payout ratio is currently 8.26%.

Insider Activity at Core Natural Resources

In related news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction 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 sale, the director now owns 13,348 shares of the company’s stock, valued at approximately $1,005,104.40. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.41% of the stock is currently owned by insiders.

Institutional Trading of Core Natural Resources

Hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its stake in Core Natural Resources by 1.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company’s stock valued at $1,243,000 after acquiring an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Core Natural Resources by 40.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company’s stock valued at $12,555,000 after acquiring an additional 25,306 shares in the last quarter. Rhumbline Advisers lifted its stake in Core Natural Resources by 4.0% during the 4th quarter. Rhumbline Advisers now owns 46,028 shares of the energy company’s stock valued at $6,500,000 after acquiring an additional 1,787 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Core Natural Resources by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company’s stock valued at $12,398,000 after acquiring an additional 2,581 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in Core Natural Resources during the 4th quarter valued at $253,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Company Profile

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.