Core Natural Resources (NYSE:CNR) Stock Gets Downgrade from Zacks Research

Core Natural Resources (NYSE:CNR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

Other equities research analysts also recently issued reports about the company. UBS Group downgraded Core Natural Resources from a “buy” rating to a “neutral” rating and raised their price target for the stock from $101.00 to $105.00 in a research note on Tuesday, August 18th. Jefferies Financial Group reissued a “buy” rating and issued a $100.00 price target on shares of Core Natural Resources in a research note on Thursday, November 5th. Weiss Ratings downgraded Core Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. Finally, B. Riley Financial raised their price objective on shares of Core Natural Resources from $118.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, October 26th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Core Natural Resources presently has a consensus rating of “Hold” and an average price target of $109.00.

Core Natural Resources Stock Up 1.2%

Core Natural Resources stock opened at $83.23 on Monday. The company’s fifty day simple moving average is $90.20 and its 200-day simple moving average is $90.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.24 and a current ratio of 1.71. Core Natural Resources has a 12 month low of $73.31 and a 12 month high of $114.80.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, November 5th. The energy company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.54). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Core Natural Resources had a negative return on equity of 0.59% and a net margin of 1.76%. Core Natural Resources’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, sell-side analysts predict that Core Natural Resources will post 2.72 earnings per share for the current fiscal year.

Institutional Trading of Core Natural Resources

Several large investors have recently made changes to their positions in the stock. Goehring & Rozencwajg Associates LLC increased its holdings 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. Encompass Capital Advisors LLC boosted its position in Core Natural Resources by 122.2% during the first quarter. Encompass Capital Advisors LLC now owns 500,000 shares of the energy company’s stock worth $52,365,000 after purchasing an additional 275,000 shares during the period. First Trust Advisors LP grew its holdings in Core Natural Resources by 2.8% during the first quarter. First Trust Advisors LP now owns 334,574 shares of the energy company’s stock valued at $35,040,000 after purchasing an additional 9,156 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Core Natural Resources during the second quarter valued at approximately $26,071,000. Finally, Baird Financial Group Inc. grew its holdings in Core Natural Resources by 4.4% during the second quarter. Baird Financial Group Inc. now owns 261,052 shares of the energy company’s stock valued at $20,889,000 after purchasing an additional 10,911 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Company Profile

Core Natural Resources, Inc. is a U.S.-based coal producer formed in January 2025 through the merger of Arch Resources and CONSOL Energy. The company mines and sells metallurgical coal, used in steelmaking, and thermal coal, used primarily for electricity generation. Its operations span the Appalachian coalfields of Pennsylvania and West Virginia and the Powder River Basin in Wyoming. Core Natural Resources serves domestic customers and international markets, supplying steel producers and power generators.