Core Natural Resources (NYSE:CNR) Announces Quarterly Earnings Results

Core Natural Resources (NYSE:CNRGet Free Report) posted its quarterly earnings data on Thursday. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13, FiscalAI reports. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The company had revenue of $899.48 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $3.39 EPS. Core Natural Resources’s revenue for the quarter was up 94.7% compared to the same quarter last year.

Core Natural Resources Stock Performance

Shares of CNR traded down $3.60 during mid-day trading on Friday, hitting $84.96. The stock had a trading volume of 737,363 shares, compared to its average volume of 841,404. The company has a market cap of $4.31 billion, a PE ratio of -69.64 and a beta of 0.14. The company’s fifty day simple moving average is $94.78 and its two-hundred day simple moving average is $90.04. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. Core Natural Resources has a fifty-two week low of $63.36 and a fifty-two week high of $114.80.

Core Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $0.10 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is presently -13.29%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CNR shares. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group lifted their price objective on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

Get Our Latest Stock Analysis on CNR

Insider Transactions at Core Natural Resources

In other news, CAO John Rothka sold 3,800 shares of Core Natural Resources stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $91.62, for a total value of $348,156.00. Following the completion of the transaction, the chief accounting officer owned 6,190 shares in the company, valued at approximately $567,127.80. This trade represents a 38.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard A. Navarre sold 6,000 shares of Core Natural Resources stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total value of $550,200.00. Following the completion of the transaction, the director owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. The trade was a 24.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 51,560 shares of company stock worth $5,118,890. 2.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new position in Core Natural Resources during the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in Core Natural Resources by 84.9% during the 2nd 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. Aster Capital Management DIFC Ltd acquired a new position in Core Natural Resources during the 4th quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. boosted its position in Core Natural Resources by 11,140.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the energy company’s stock valued at $50,000 after purchasing an additional 557 shares during the period. Finally, Parallel Advisors LLC boosted its position in Core Natural Resources by 666.7% during the 3rd quarter. Parallel Advisors LLC now owns 690 shares of the energy company’s stock valued at $58,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Key Core Natural Resources News

Here are the key news stories impacting Core Natural Resources this week:

About Core Natural Resources

(Get Free Report)

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.

See Also

Earnings History for Core Natural Resources (NYSE:CNR)

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