Core Natural Resources (NYSE:CNR) Price Target Lowered to $105.00 at Benchmark

Core Natural Resources (NYSE:CNR) had its price target reduced by Benchmark from $112.00 to $105.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the energy company’s stock. Benchmark’s target price suggests a potential upside of 56.88% from the stock’s previous close.

Several other research firms have also weighed in on CNR. StockNews.com assumed coverage on Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating on the stock. B. Riley decreased their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.00.

Core Natural Resources Price Performance

Shares of NYSE:CNR opened at $66.93 on Friday. The firm has a 50 day moving average of $72.87 and a 200-day moving average of $113.44. Core Natural Resources has a 12 month low of $58.19 and a 12 month high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.58 billion, a PE ratio of 6.96 and a beta of 0.69.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of $1.74 by ($3.12). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. On average, equities research analysts predict that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Insider Activity at Core Natural Resources

In related news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares in the company, valued at $1,005,104.40. This represents a 39.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Core Natural Resources

Institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its holdings in Core Natural Resources by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company’s stock valued at $1,243,000 after acquiring an additional 100 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Core Natural Resources by 82.0% in the 4th 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 last quarter. Fortitude Family Office LLC increased its position 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. GAMMA Investing LLC lifted its holdings in Core Natural Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

About Core Natural Resources

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.