Core Natural Resources (NYSE:CNR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Core Natural Resources (NYSE:CNR) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other research analysts also recently commented on CNR. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday. UBS Group lifted their price target on Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Finally, Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from $90.00 to $125.00 in a report on Friday, October 10th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Core Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.10.

Core Natural Resources Trading Up 1.1%

Shares of CNR opened at $82.73 on Monday. Core Natural Resources has a fifty-two week low of $58.19 and a fifty-two week high of $118.40. The business has a 50-day moving average of $84.52 and a 200 day moving average of $77.36. The firm has a market cap of $4.24 billion, a P/E ratio of -192.35 and a beta of 0.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.29 and a current ratio of 1.82.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.01. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.05 billion. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The company’s quarterly revenue was up 74.4% compared to the same quarter last year. As a group, research analysts forecast that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, November 28th. Core Natural Resources’s dividend payout ratio is -93.02%.

Insiders Place Their Bets

In other news, Director Richard A. Navarre sold 5,000 shares of the company’s stock in a transaction on 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 approximately $1,794,426. This represents a 18.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total transaction of $234,524.01. Following the completion of the transaction, the director owned 23,348 shares in the company, valued at approximately $1,799,430.36. The trade was a 11.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,043 shares of company stock valued at $740,524 over the last 90 days. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

Institutional investors have recently bought and sold shares of the stock. Swiss Life Asset Management Ltd bought a new stake in Core Natural Resources in the third quarter valued at approximately $209,000. JPMorgan Chase & Co. boosted its position in Core Natural Resources by 27.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 652,379 shares of the energy company’s stock valued at $54,461,000 after buying an additional 139,188 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Core Natural Resources in the third quarter valued at about $118,000. CIBC Bancorp USA Inc. bought a new stake in shares of Core Natural Resources in the third quarter worth about $464,000. Finally, Advisory Services Network LLC bought a new position in Core Natural Resources during the 3rd quarter valued at approximately $77,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

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.