Core Natural Resources’ (CNR) “Buy” Rating Reiterated at Benchmark

Core Natural Resources (NYSE:CNR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $112.00 target price on the energy company’s stock. Benchmark’s target price indicates a potential upside of 51.80% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. StockNews.com began coverage on Core Natural Resources in a research report on Thursday, January 30th. They issued a “hold” rating on the stock. Finally, B. Riley decreased their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Monday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $147.17.

Core Natural Resources Stock Down 2.5 %

Shares of CNR traded down $1.90 on Tuesday, reaching $73.78. The company’s stock had a trading volume of 36,465 shares, compared to its average volume of 1,116,618. Core Natural Resources has a twelve month low of $73.36 and a twelve month high of $134.59. The stock has a market capitalization of $2.17 billion, a PE ratio of 7.68 and a beta of 1.74. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $123.12 and a 200-day moving average of $136.57.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The business had revenue of $595.29 million during the quarter, compared to analyst estimates of $493.50 million. Equities analysts predict that Core Natural Resources will post 11.4 EPS for the current year.

Hedge Funds Weigh In On Core Natural Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Core Natural Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after buying an additional 404,249 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of Core Natural Resources during the 4th quarter valued at about $28,790,000. Victory Capital Management Inc. lifted its position in Core Natural Resources by 578.7% in the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the energy company’s stock worth $27,746,000 after buying an additional 226,069 shares during the last quarter. Holocene Advisors LP boosted its stake in Core Natural Resources by 422.4% in the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after buying an additional 202,425 shares in the last quarter. Finally, Trium Capital LLP bought a new position in Core Natural Resources during the fourth quarter valued at approximately $21,109,000. 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.