Core Natural Resources (NYSE:CNR) Trading Down 5.4% – Should You Sell?

Core Natural Resources, Inc. (NYSE:CNR) shares traded down 5.4% on Friday . The stock traded as low as $80.00 and last traded at $80.54. 303,978 shares changed hands during trading, a decline of 71% from the average session volume of 1,054,820 shares. The stock had previously closed at $85.16.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. StockNews.com initiated coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They set a “hold” rating on the stock. Finally, Benchmark upped their price objective on shares of Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.83.

Core Natural Resources Stock Performance

The stock has a market capitalization of $2.33 billion, a PE ratio of 5.83 and a beta of 1.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The business’s fifty day moving average price is $132.22 and its 200-day moving average price is $138.94.

Institutional Investors Weigh In On Core Natural Resources

A number of institutional investors and hedge funds have recently modified their holdings of CNR. GAMMA Investing LLC lifted its holdings in shares of Core Natural Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Core Natural Resources in the fourth quarter worth approximately $26,000. Fortitude Family Office LLC increased its position in shares of Core Natural Resources by 63.8% in the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after purchasing an additional 104 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock worth $35,000 after purchasing an additional 170 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.