Core Natural Resources, Inc. (NYSE:CNR) Given Average Rating of “Moderate Buy” by Analysts

Core Natural Resources, Inc. (NYSE:CNR) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $113.75.

Several research analysts recently weighed in on the stock. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. UBS Group boosted their price target 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. Wall Street Zen cut shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th.

Core Natural Resources Stock Down 2.9%

Core Natural Resources stock opened at $87.11 on Friday. Core Natural Resources has a fifty-two week low of $63.36 and a fifty-two week high of $114.80. The stock has a market cap of $4.42 billion, a PE ratio of -28.94 and a beta of 0.14. The firm’s 50-day simple moving average is $94.77 and its 200 day simple moving average is $90.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. During the same quarter last year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 81.8% compared to the same quarter last year. Research analysts predict that Core Natural Resources will post 2.1 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 2nd. Core Natural Resources’s payout ratio is presently -13.29%.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Richard A. Navarre sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total value of $550,200.00. Following the transaction, the director directly owned 18,034 shares in the company, valued at $1,653,717.80. The trade was a 24.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James A. Brock sold 40,760 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the completion of the transaction, the chief executive officer owned 100,000 shares in the company, valued at approximately $10,115,000. The trade was a 28.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,560 shares of company stock worth $5,118,890 over the last three months. 2.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in Core Natural Resources by 5,135.3% in the first quarter. Fifth Third Bancorp now owns 16,334 shares of the energy company’s stock valued at $1,711,000 after acquiring an additional 16,022 shares during the last quarter. U S Global Investors Inc. purchased a new position in Core Natural Resources in the first quarter valued at about $325,000. First Horizon Corp boosted its stake in Core Natural Resources by 97.6% in the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after acquiring an additional 165 shares during the last quarter. Sage Rhino Capital LLC purchased a new position in Core Natural Resources in the first quarter valued at about $225,000. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Core Natural Resources during the 1st quarter valued at approximately $2,388,000. 86.54% of the stock is currently owned by hedge funds and other 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.