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

Core Natural Resources, Inc. (NYSE:CNR) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $116.6667.

CNR has been the topic of several analyst reports. Weiss Ratings lowered shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, UBS Group increased their price objective on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th.

Core Natural Resources Stock Down 0.8%

CNR opened at $81.57 on Friday. The firm’s 50-day simple moving average is $87.49 and its 200-day simple moving average is $91.41. 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 twelve month low of $64.57 and a twelve month high of $114.80. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -66.86 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The business had revenue of $899.48 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. Equities research analysts anticipate that Core Natural Resources will post 2.45 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is currently -32.79%.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds have recently added to or reduced their stakes in CNR. Royal Bank of Canada bought a new stake in Core Natural Resources during the 1st quarter worth about $2,037,000. AQR Capital Management LLC bought a new stake in Core Natural Resources during the 1st quarter worth about $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Core Natural Resources during the 1st quarter worth about $2,413,000. NewEdge Advisors LLC bought a new stake in Core Natural Resources during the 1st quarter worth about $1,223,000. Finally, United Services Automobile Association bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $256,000. 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.