Core Natural Resources (NYSE:CNR) Releases Quarterly Earnings Results, Beats Estimates By $1.44 EPS

Core Natural Resources (NYSE:CNR) released its earnings results on Thursday. The energy company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44, Zacks reports. Core Natural Resources had a return on equity of 28.96% and a net margin of 18.02%.

Core Natural Resources Trading Up 3.9 %

CNR stock traded up $3.02 during trading on Thursday, reaching $80.65. The company had a trading volume of 991,881 shares, compared to its average volume of 1,091,414. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. Core Natural Resources has a 52 week low of $74.74 and a 52 week high of $134.59. The business has a 50 day moving average of $127.68 and a 200 day moving average of $137.62. The company has a market cap of $2.37 billion, a P/E ratio of 5.92 and a beta of 1.74.

Wall Street Analyst Weigh In

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

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.