Brokerages Set Core Natural Resources, Inc. (NYSE:CNR) PT at $120.80

Core Natural Resources, Inc. (NYSE:CNR) has been assigned a consensus recommendation of “Buy” from the five research firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $120.80.

CNR has been the subject of a number of research analyst reports. Benchmark lowered 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. B. Riley decreased their target price 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, April 11th. Finally, UBS Group assumed coverage on shares of Core Natural Resources in a report on Wednesday. They set a “buy” rating and a $80.00 price target for the company.

Insiders Place Their Bets

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the transaction, the director now directly owns 13,348 shares of the company’s stock, valued at approximately $1,005,104.40. The trade was a 39.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Core Natural Resources

A number of hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its holdings in Core Natural Resources by 1.1% in the fourth 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Core Natural Resources by 40.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company’s stock worth $12,555,000 after purchasing an additional 25,306 shares during the period. Rhumbline Advisers boosted its stake in shares of Core Natural Resources by 4.0% in the 4th quarter. Rhumbline Advisers now owns 46,028 shares of the energy company’s stock valued at $6,500,000 after purchasing an additional 1,787 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Core Natural Resources by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company’s stock valued at $12,398,000 after purchasing an additional 2,581 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Core Natural Resources during the fourth quarter worth $253,000. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Stock Performance

NYSE:CNR opened at $73.60 on Wednesday. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $134.59. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The stock’s 50-day simple moving average is $71.52 and its 200 day simple moving average is $98.34. The firm has a market capitalization of $3.88 billion, a PE ratio of 7.66 and a beta of 0.69.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. On average, analysts anticipate that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 0.57%. Core Natural Resources’s dividend payout ratio is presently 8.26%.

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.