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

Shares of Core Natural Resources, Inc. (NYSE:CNR) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $119.10.

Several research analysts recently weighed in on CNR shares. UBS Group boosted their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research note on Wednesday, October 8th. B. Riley lowered 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 report on Tuesday, July 22nd. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research note on Monday. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Finally, Weiss Ratings cut shares of Core Natural Resources from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, November 7th.

Core Natural Resources Price Performance

CNR stock opened at $88.00 on Friday. The stock’s 50 day moving average price is $83.40 and its 200 day moving average price is $76.30. The firm has a market cap of $4.51 billion, a P/E ratio of 40.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $134.59.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($1.40) 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 billion during the quarter, compared to the consensus estimate of $1.05 billion. The business’s revenue was up 74.4% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, November 28th. Core Natural Resources’s dividend payout ratio is presently -93.02%.

Insider Buying and Selling

In other Core Natural Resources news, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the sale, the chief accounting officer directly owned 10,307 shares of the company’s stock, valued at approximately $979,165. This trade represents a 8.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard A. Navarre sold 5,000 shares of Core Natural Resources stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $82.20, for a total value of $411,000.00. Following the completion of the sale, the director owned 21,830 shares of the company’s stock, valued at $1,794,426. This trade represents a 18.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 9,043 shares of company stock worth $740,524. 2.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Core Natural Resources

Several institutional investors and hedge funds have recently bought and sold shares of CNR. Teacher Retirement System of Texas acquired a new position in shares of Core Natural Resources in the 1st quarter valued at $602,000. Bank of New York Mellon Corp purchased a new position in shares of Core Natural Resources in the 1st quarter worth $30,034,000. Envestnet Asset Management Inc. purchased a new position in shares of Core Natural Resources in the 1st quarter worth $16,650,000. Nisa Investment Advisors LLC acquired a new position in Core Natural Resources in the first quarter valued at $147,000. Finally, Arizona State Retirement System purchased a new stake in Core Natural Resources during the first quarter valued at about $1,181,000. Institutional investors and hedge funds 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.