Core Natural Resources, Inc. (NYSE:CNR) Receives $147.17 Average PT from Analysts

Core Natural Resources, Inc. (NYSE:CNR) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $147.17.

Several equities research analysts have issued reports on CNR shares. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating and set a $112.00 price objective on shares of Core Natural Resources in a research note on Tuesday, February 25th. StockNews.com initiated coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. B. Riley dropped their price target on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and cut their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th.

Core Natural Resources Price Performance

Shares of CNR stock opened at $74.84 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. Core Natural Resources has a 12-month low of $66.54 and a 12-month high of $134.59. The firm has a fifty day moving average of $96.16 and a 200-day moving average of $128.83. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 7.79 and a beta of 1.65.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. On average, equities research analysts forecast that Core Natural Resources will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Core Natural Resources’s payout ratio is 4.16%.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently modified their holdings of CNR. Geode Capital Management LLC increased its holdings in Core Natural Resources by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock valued at $78,609,000 after buying an additional 31,310 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Core Natural Resources during the 3rd quarter worth approximately $1,488,000. Barclays PLC increased its stake in Core Natural Resources by 143.8% in the third quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock valued at $7,130,000 after acquiring an additional 30,437 shares during the last quarter. FMR LLC raised its position in Core Natural Resources by 266.2% during the third quarter. FMR LLC now owns 41,874 shares of the energy company’s stock valued at $4,382,000 after purchasing an additional 30,440 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in Core Natural Resources by 141.5% during the third quarter. Royce & Associates LP now owns 10,695 shares of the energy company’s stock worth $1,119,000 after purchasing an additional 6,266 shares during the last quarter. 86.54% of the stock is currently owned by 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.