Core Natural Resources (NYSE:CNR) Shares Up 11.4% – Time to Buy?

Core Natural Resources, Inc. (NYSE:CNR)’s stock price traded up 11.4% during trading on Tuesday . The company traded as high as $72.99 and last traded at $72.32. 287,388 shares changed hands during trading, a decline of 74% from the average session volume of 1,090,749 shares. The stock had previously closed at $64.91.

Analysts Set New Price Targets

Several research firms have recently weighed in on CNR. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. 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, February 24th. Benchmark reissued a “buy” rating and set a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Finally, StockNews.com assumed coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Core Natural Resources has an average rating of “Moderate Buy” and an average price target of $147.17.

Core Natural Resources Trading Down 3.5 %

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 stock has a market capitalization of $3.61 billion, a P/E ratio of 7.03 and a beta of 1.42. The company has a 50-day moving average price of $77.35 and a 200 day moving average price of $123.18.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. The business had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. On average, research analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.59%. Core Natural Resources’s payout ratio is 4.16%.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares of the company’s stock, valued at approximately $1,005,104.40. This trade represents a 39.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Core Natural Resources

Several hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc purchased a new stake in Core Natural Resources during the 1st quarter worth approximately $25,000. GAMMA Investing LLC grew its holdings in shares of Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of Core Natural Resources in the 4th quarter valued at $26,000. Fortitude Family Office LLC raised its stake in Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after acquiring an additional 104 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

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.