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

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $116.6667.

Several brokerages have recently commented on CNR. Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, UBS Group increased their price objective on shares of Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th.

Core Natural Resources Trading Up 4.6%

Shares of NYSE CNR opened at $87.97 on Wednesday. The business’s 50 day moving average price is $93.16 and its 200-day moving average price is $90.30. The company has a market cap of $4.43 billion, a price-to-earnings ratio of -72.11 and a beta of 0.14. Core Natural Resources has a fifty-two week low of $64.15 and a fifty-two week high of $114.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The business had revenue of $899.48 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company posted $3.39 EPS. Core Natural Resources’s revenue was up 94.7% on a year-over-year basis. On average, sell-side analysts expect that Core Natural Resources will post 1.7 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is currently -32.79%.

Insider Buying and Selling at Core Natural Resources

In other news, Director Richard A. Navarre sold 6,000 shares of the business’s stock in a transaction 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO John Rothka sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $97.66, for a total value of $97,660.00. Following the completion of the transaction, the chief accounting officer directly owned 5,190 shares of the company’s stock, valued at approximately $506,855.40. The trade was a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 51,560 shares of company stock valued at $5,118,890. 2.49% of the stock is currently owned by corporate insiders.

Institutional Trading of Core Natural Resources

Several hedge funds have recently modified their holdings of CNR. Triumph Capital Management purchased a new stake in shares of Core Natural Resources during the third quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 191 shares during the last quarter. CWM LLC lifted its position in shares of Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after buying an additional 106 shares during the last quarter. First Horizon Corp lifted its position in shares of Core Natural Resources by 97.6% during the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after buying an additional 165 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Core Natural Resources during the fourth quarter valued at about $38,000. 86.54% of the stock is 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.