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

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $119.10.

A number of research firms have weighed in on CNR. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $125.00 in a report on Friday, October 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 22nd. Benchmark restated a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. UBS Group raised their target price on Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th.

Core Natural Resources Price Performance

Shares of CNR opened at $88.49 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.82 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.53 billion, a PE ratio of -205.80 and a beta of 0.40. Core Natural Resources has a 12-month low of $58.19 and a 12-month high of $109.61. The business has a 50-day simple moving average of $82.99 and a two-hundred day simple moving average of $78.98.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of ($1.40) by $2.01. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.Core Natural Resources’s revenue was up 74.4% compared to the same quarter last year. Analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.10 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is presently -93.02%.

Insiders Place Their Bets

In other Core Natural Resources news, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the transaction, the chief accounting officer owned 10,307 shares in the company, valued at approximately $979,165. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.41% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

Several large investors have recently modified their holdings of the company. Magnolia Group LLC lifted its holdings in Core Natural Resources by 140.6% in the second quarter. Magnolia Group LLC now owns 714,500 shares of the energy company’s stock valued at $49,829,000 after buying an additional 417,500 shares during the period. Samlyn Capital LLC bought a new position in shares of Core Natural Resources in the 1st quarter worth about $28,301,000. State Street Corp lifted its stake in shares of Core Natural Resources by 10.2% in the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock valued at $221,044,000 after purchasing an additional 294,312 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Core Natural Resources by 10,023.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock valued at $20,624,000 after purchasing an additional 292,799 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in Core Natural Resources during the first quarter worth approximately $21,386,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.