Core Natural Resources (NYSE:CNR) Shares Down 5.1% – Here’s What Happened

Core Natural Resources, Inc. (NYSE:CNR)’s share price fell 5.1% during trading on Thursday . The company traded as low as $97.67 and last traded at $97.4550. Approximately 225,911 shares were traded during trading, a decline of 71% from the average session volume of 767,825 shares. The stock had previously closed at $102.66.

Analysts Set New Price Targets

Several analysts have recently issued reports on CNR shares. Zacks Research raised shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, UBS Group downgraded shares of Core Natural Resources from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $101.00 to $105.00 in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.00.

Core Natural Resources Price Performance

The stock’s 50 day moving average is $88.22 and its two-hundred day moving average is $90.29. The stock has a market capitalization of $4.94 billion, a PE ratio of 49.97 and a beta of 0.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, topping the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. As a group, sell-side analysts forecast that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be paid a $0.10 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is currently 20.10%.

Institutional Investors Weigh In On Core Natural Resources

Institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in shares of Core Natural Resources in the 3rd quarter valued at about $25,000. First Horizon Corp increased its position in Core Natural Resources by 97.6% during the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after buying an additional 165 shares during the period. CWM LLC increased its position in Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after buying an additional 106 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Core Natural Resources by 84.9% in 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. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Core Natural Resources in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.