Core Natural Resources, Inc. (NYSE:CNR) Receives $119.10 Average PT from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $119.10.

CNR has been the subject of a number of research analyst reports. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from $90.00 to $125.00 in a report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Finally, UBS Group boosted their price objective on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research report on Wednesday, October 8th.

Insider Activity

In related news, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the chief accounting officer owned 10,307 shares in the company, valued at $979,165. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Corebridge Financial Inc. bought a new position in shares of Core Natural Resources during the first quarter worth $2,112,000. JPMorgan Chase & Co. lifted its holdings in Core Natural Resources by 27.7% during the second quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock worth $35,790,000 after acquiring an additional 111,331 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Core Natural Resources in the first quarter valued at about $334,000. Canada Pension Plan Investment Board acquired a new position in Core Natural Resources in the first quarter valued at about $3,889,000. Finally, Voya Investment Management LLC bought a new stake in shares of Core Natural Resources in the first quarter worth about $1,089,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Stock Down 1.0%

Shares of CNR opened at $88.61 on Friday. The company has a market capitalization of $4.54 billion, a P/E ratio of -206.07 and a beta of 0.40. Core Natural Resources has a one year low of $58.19 and a one year high of $109.61. The business’s 50 day simple moving average is $83.00 and its 200-day simple moving average is $79.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $2.01. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The company’s revenue was up 74.4% on a year-over-year basis. As a group, sell-side analysts predict that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is presently -93.02%.

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.