Core Natural Resources, Inc. (NYSE:CNR) Given Average Rating of “Moderate Buy” by Brokerages

Core Natural Resources, Inc. (NYSE:CNR) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $106.40.

A number of brokerages have weighed in on CNR. UBS Group boosted their target price on shares of Core Natural Resources from $86.00 to $89.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $78.00 target price (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Finally, B. Riley dropped their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd.

Core Natural Resources Trading Down 0.7%

Shares of NYSE CNR opened at $82.37 on Friday. Core Natural Resources has a 1-year low of $58.19 and a 1-year high of $134.59. The company has a market cap of $4.24 billion, a PE ratio of 37.78 and a beta of 0.76. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $75.08 and a two-hundred day moving average of $73.02.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($2.01). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. As a group, equities analysts expect that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a dividend of $0.10 per share. This represents a dividend yield of 56.0%. The ex-dividend date of this dividend was Friday, August 29th. Core Natural Resources’s payout ratio is 18.35%.

Insider Buying and Selling at Core Natural Resources

In related news, Director Patrick A. Kriegshauser sold 3,043 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total transaction of $234,524.01. Following the completion of the sale, the director directly owned 23,348 shares of the company’s stock, valued at $1,799,430.36. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Core Natural Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc acquired a new position in Core Natural Resources during the first quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Core Natural Resources during the first quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its holdings in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares during the period. Farther Finance Advisors LLC acquired a new position in Core Natural Resources during the first quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new position in Core Natural Resources during the first quarter valued at approximately $31,000. 86.54% of the stock is 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.