Core Natural Resources (NYSE:CNR) Reaches New 1-Year Low After Earnings Miss

Core Natural Resources, Inc. (NYSE:CNR) shares reached a new 52-week low during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $73.75 and last traded at $74.8750, with a volume of 611,869 shares traded. The stock had previously closed at $80.22.

The energy company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.54). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group lowered Core Natural Resources from a “buy” rating to a “neutral” rating and upped their target price for the company from $101.00 to $105.00 in a report on Tuesday, August 18th. Zacks Research downgraded Core Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. B. Riley Financial boosted their price target on shares of Core Natural Resources from $118.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, October 26th. Finally, Weiss Ratings upgraded shares of Core Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $113.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Goehring & Rozencwajg Associates LLC raised its position in shares of Core Natural Resources by 134.0% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company’s stock valued at $74,172,000 after acquiring an additional 405,505 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Core Natural Resources in the second quarter valued at about $26,071,000. Encompass Capital Advisors LLC lifted its stake in Core Natural Resources by 122.2% in the 1st quarter. Encompass Capital Advisors LLC now owns 500,000 shares of the energy company’s stock valued at $52,365,000 after purchasing an additional 275,000 shares during the last quarter. Energy Income Partners LLC raised its position in Core Natural Resources by 68.9% during the 1st quarter. Energy Income Partners LLC now owns 223,354 shares of the energy company’s stock worth $23,392,000 after purchasing an additional 91,100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Core Natural Resources by 228.8% in the first quarter. The Manufacturers Life Insurance Company now owns 85,770 shares of the energy company’s stock valued at $8,979,000 after purchasing an additional 59,683 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Stock Down 7.2%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83. The stock’s fifty day moving average is $91.88 and its two-hundred day moving average is $90.71. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 37.64 and a beta of 0.24.

Core Natural Resources Company Profile

Core Natural Resources, Inc is a diversified coal producer formed through the combination of Arch Resources and CONSOL Energy, completed in January 2025. The company mines and markets both metallurgical coal, which is used in steelmaking, and thermal coal, which is used primarily for electricity generation and industrial applications.

Core Natural Resources operates mining assets in the United States, including operations in the Appalachian region and the western United States. Its portfolio includes underground and surface mines, and the company also has coal logistics and export capabilities that support deliveries to domestic and international customers.

The company serves electric utilities, steel producers, industrial users and other customers in the United States and overseas.