Core Natural Resources, Inc. (NYSE:CNR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $140.20.

A number of research analysts have recently weighed in on the company. B. Riley cut their price objective on Core Natural Resources from $136.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and set a $112.00 price objective on shares of Core Natural Resources in a report on Tuesday, February 25th. StockNews.com began coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating for the company. Finally, Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th.

Core Natural Resources Stock Down 1.7 %

NYSE CNR opened at $72.71 on Friday. Core Natural Resources has a 52 week low of $58.19 and a 52 week high of $134.59. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.89 billion, a P/E ratio of 7.57 and a beta of 1.42. The stock’s 50-day moving average price is $74.44 and its 200-day moving average price is $121.54.

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

Core Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 0.55%. Core Natural Resources’s dividend payout ratio (DPR) is presently 4.16%.

Insider Buying and Selling at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the transaction, the director now owns 13,348 shares of the company’s stock, valued at $1,005,104.40. The trade was a 39.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.41% of the company’s stock.

Institutional Trading of Core Natural Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new position in Core Natural Resources in the first quarter valued at approximately $25,000. GAMMA Investing LLC lifted its stake in shares of Core Natural Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after purchasing an additional 143 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Core Natural Resources during the fourth quarter worth $26,000. Fortitude Family Office LLC grew its position in Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after buying an additional 104 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in Core Natural Resources in the first quarter valued at $30,000. 86.54% of the stock is owned by institutional investors and hedge funds.

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.