Core Natural Resources, Inc. (NYSE:CNR) Receives $116.67 Average Price Target from Analysts

Core Natural Resources, Inc. (NYSE:CNR) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $116.6667.

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. UBS Group lifted their price target on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th.

Core Natural Resources Price Performance

CNR opened at $94.49 on Wednesday. The company has a fifty day moving average price of $92.37 and a two-hundred day moving average price of $90.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70. Core Natural Resources has a 52 week low of $64.15 and a 52 week high of $114.80. The firm has a market capitalization of $4.76 billion, a PE ratio of -77.45 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The company had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The business’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same period last year, the firm posted $3.39 earnings per share. As a group, analysts anticipate that Core Natural Resources will post 1.7 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, May 29th. Core Natural Resources’s dividend payout ratio (DPR) is -32.79%.

Insiders Place Their Bets

In other Core Natural Resources news, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total transaction of $97,660.00. Following the sale, the chief accounting officer directly owned 5,190 shares in the company, valued at approximately $506,855.40. This trade represents a 16.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, the director owned 18,034 shares in the company, valued at $1,653,717.80. This trade represents a 24.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 51,560 shares of company stock worth $5,118,890. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its position in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after acquiring an additional 106 shares in the last quarter. AlphaQuest LLC lifted its position in Core Natural Resources by 4.2% in the 3rd quarter. AlphaQuest LLC now owns 3,085 shares of the energy company’s stock valued at $258,000 after acquiring an additional 124 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Core Natural Resources by 1.7% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock valued at $666,000 after acquiring an additional 126 shares in the last quarter. GAMMA Investing LLC lifted its position in Core Natural Resources by 10.0% in the 4th quarter. GAMMA Investing LLC now owns 1,556 shares of the energy company’s stock valued at $138,000 after acquiring an additional 142 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Core Natural Resources by 6.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock valued at $198,000 after acquiring an additional 144 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.