Core Natural Resources, Inc. (NYSE:CNR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $147.17.

Several equities analysts have recently issued reports on the company. StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating for the company. B. Riley decreased their price objective on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and decreased their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark reissued a “buy” rating and issued a $112.00 price objective on shares of Core Natural Resources in a report on Tuesday. Finally, Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th.

Core Natural Resources Trading Down 2.7 %

CNR opened at $73.22 on Friday. The stock’s fifty day moving average is $118.81 and its two-hundred day moving average is $135.31. The company has a market capitalization of $2.15 billion, a P/E ratio of 7.62 and a beta of 1.74. Core Natural Resources has a 52 week low of $72.97 and a 52 week high of $134.59. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. The business had revenue of $595.29 million for the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. Analysts forecast that Core Natural Resources will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources’s dividend payout ratio is presently 4.16%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CNR. GAMMA Investing LLC increased its position in shares of Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after acquiring an additional 143 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Core Natural Resources during the fourth quarter worth about $26,000. Fortitude Family Office LLC boosted its stake in shares of Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after buying an additional 104 shares during the period. Smartleaf Asset Management LLC lifted its position in Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after purchasing an additional 170 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.