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

Core Natural Resources, Inc. (NYSE:CNR) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $111.3750.

Several brokerages recently commented on CNR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. UBS Group lifted their price target 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, Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th.

Institutional Investors Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Triumph Capital Management purchased a new position in shares of Core Natural Resources during the third quarter worth about $25,000. AdvisorNet Financial Inc lifted its position in Core Natural Resources by 1,290.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after acquiring an additional 284 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Core Natural Resources in the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Core Natural Resources in the third quarter valued at approximately $43,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Price Performance

CNR stock opened at $101.17 on Thursday. The business has a 50 day moving average price of $86.79 and a 200 day moving average price of $81.86. 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 $5.18 billion, a price-to-earnings ratio of -235.27 and a beta of 0.33. Core Natural Resources has a fifty-two week low of $58.19 and a fifty-two week high of $102.93.

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

Core Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio is currently -93.02%.

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.