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

Core Natural Resources, Inc. (NYSE:CNR) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $111.6667.

CNR has been the topic of several research analyst reports. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Finally, UBS Group dropped their price target on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th.

Hedge Funds Weigh In On Core Natural Resources

Several large investors have recently modified their holdings of CNR. Wedge Capital Management L L P NC boosted its holdings in shares of Core Natural Resources by 28.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,399 shares of the energy company’s stock worth $2,192,000 after buying an additional 6,139 shares during the period. GAMMA Investing LLC lifted its position in Core Natural Resources by 10.8% during the second quarter. GAMMA Investing LLC now owns 1,827 shares of the energy company’s stock worth $146,000 after acquiring an additional 178 shares during the last quarter. Confluence Investment Management LLC lifted its position in Core Natural Resources by 6.2% during the second quarter. Confluence Investment Management LLC now owns 23,555 shares of the energy company’s stock worth $1,885,000 after acquiring an additional 1,379 shares during the last quarter. Wealth High Governance Capital Ltda bought a new stake in shares of Core Natural Resources during the first quarter worth approximately $4,406,000. Finally, Wealth High Governance Asset Management Ltda. bought a new stake in shares of Core Natural Resources during the first quarter worth approximately $3,755,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Performance

Shares of CNR opened at $84.00 on Thursday. The company has a market cap of $4.23 billion, a PE ratio of -68.85 and a beta of 0.15. The firm has a 50-day moving average of $85.50 and a 200-day moving average of $90.87. Core Natural Resources has a one year low of $68.78 and a one year high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The company had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm earned $3.39 EPS. Core Natural Resources’s quarterly revenue was up 94.7% compared to the same quarter last year. As a group, equities analysts forecast that Core Natural Resources will post 2.45 earnings per share for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Core Natural Resources’s payout ratio is currently -32.79%.

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.