Core Natural Resources (NYSE:CNR) Lowered to Sell Rating by Wall Street Zen

Core Natural Resources (NYSE:CNR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also issued reports on CNR. Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.38.

Core Natural Resources Price Performance

Core Natural Resources stock opened at $87.94 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 1.60. Core Natural Resources has a 52 week low of $58.19 and a 52 week high of $103.50. The stock has a market capitalization of $4.48 billion, a P/E ratio of -29.21 and a beta of 0.34. The stock has a fifty day moving average of $91.93 and a 200-day moving average of $84.42.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The business’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period last year, the business earned $1.04 earnings per share. On average, sell-side analysts expect that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Core Natural Resources

Several large investors have recently modified their holdings of CNR. Vanguard Group Inc. boosted its position in Core Natural Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,669,844 shares of the energy company’s stock valued at $501,838,000 after acquiring an additional 39,557 shares during the last quarter. State Street Corp lifted its stake in shares of Core Natural Resources by 7.8% in the 4th quarter. State Street Corp now owns 3,707,442 shares of the energy company’s stock valued at $328,146,000 after purchasing an additional 267,925 shares during the period. Geode Capital Management LLC boosted its position in shares of Core Natural Resources by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after purchasing an additional 20,541 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of Core Natural Resources during the 4th quarter valued at about $86,297,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Core Natural Resources by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,224 shares of the energy company’s stock worth $66,491,000 after purchasing an additional 40,383 shares during the period. Institutional investors own 86.54% of the company’s stock.

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