Core Natural Resources (NYSE:CNR) Upgraded at Wall Street Zen

Core Natural Resources (NYSE:CNR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

CNR has been the subject of several other research reports. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, UBS Group lifted their price target on shares of Core Natural Resources from $105.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.25.

Core Natural Resources Stock Performance

CNR opened at $106.95 on Friday. The firm has a fifty day moving average price of $93.63 and a 200 day moving average price of $87.16. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $113.57. The stock has a market cap of $5.43 billion, a P/E ratio of -35.53 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for 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 firm’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 EPS. Equities research analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current year.

Insider Buying and Selling at Core Natural Resources

In other news, CAO John Rothka sold 3,800 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00. Following the sale, the chief accounting officer owned 6,190 shares of the company’s stock, valued at approximately $567,127.80. This represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the completion of the transaction, the director directly owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. The trade was a 24.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,560 shares of company stock valued at $5,118,890 in the last three months. 1.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds have recently added to or reduced their stakes in CNR. Triumph Capital Management acquired a new position in shares of Core Natural Resources in the third quarter worth $25,000. AdvisorNet Financial Inc boosted its holdings in Core Natural Resources by 1,290.9% in the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after purchasing an additional 284 shares during the period. EverSource Wealth Advisors LLC grew its stake in Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. CWM LLC increased its holdings in Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Finally, Salomon & Ludwin LLC acquired a new stake in Core Natural Resources in the 3rd quarter valued at about $31,000. 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.