Core Natural Resources (NYSE:CNR) Sets New 12-Month Low Following Analyst Downgrade

Core Natural Resources, Inc. (NYSE:CNR)’s share price reached a new 52-week low during trading on Tuesday after B. Riley lowered their price target on the stock from $140.00 to $136.00. B. Riley currently has a buy rating on the stock. Core Natural Resources traded as low as $74.45 and last traded at $75.78, with a volume of 1522201 shares traded. The stock had previously closed at $77.84.

Several other research analysts also recently weighed in on CNR. Benchmark upped their target price on Core Natural Resources from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and reduced their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, StockNews.com initiated coverage on Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Core Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Core Natural Resources by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock valued at $78,609,000 after purchasing an additional 31,310 shares during the last quarter. FMR LLC raised its stake in Core Natural Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after purchasing an additional 404,249 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Core Natural Resources by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company’s stock valued at $40,317,000 after purchasing an additional 990 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Core Natural Resources in the 4th quarter valued at $28,790,000. Finally, Victory Capital Management Inc. raised its stake in Core Natural Resources by 578.7% in the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the energy company’s stock valued at $27,746,000 after purchasing an additional 226,069 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Up 1.0 %

The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 7.81 and a beta of 1.74. The business has a 50 day simple moving average of $120.21 and a 200-day simple moving average of $135.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The business had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. On average, equities analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is presently 4.16%.

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.