Core Natural Resources (NYSE:CNR) Stock Price Down 5.1% – Here’s What Happened

Core Natural Resources, Inc. (NYSE:CNR) traded down 5.1% during trading on Thursday . The company traded as low as $97.67 and last traded at $97.4550. Approximately 225,911 shares changed hands during trading, a decline of 71% from the average daily volume of 767,825 shares. The stock had previously closed at $102.66.

Analysts Set New Price Targets

Several analysts recently commented on CNR shares. Zacks Research upgraded shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, UBS Group lowered Core Natural Resources from a “buy” rating to a “neutral” rating and lifted their price target for the company from $101.00 to $105.00 in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Core Natural Resources Price Performance

The stock’s fifty day moving average price is $87.57 and its 200-day moving average price is $90.18. The firm has a market cap of $4.84 billion, a PE ratio of 48.97 and a beta of 0.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $1.91. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. As a group, equities analysts expect that Core Natural Resources, Inc. will post 2.96 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, August 31st. Core Natural Resources’s dividend payout ratio (DPR) is 20.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after buying an additional 106 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Core Natural Resources by 1.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock worth $666,000 after acquiring an additional 126 shares during the last quarter. First Horizon Corp boosted its holdings in Core Natural Resources by 97.6% during the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after acquiring an additional 165 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Core Natural Resources by 10.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,827 shares of the energy company’s stock worth $146,000 after acquiring an additional 178 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after acquiring an additional 191 shares in the last quarter. 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.