Brokerages Set Core Natural Resources, Inc. (NYSE:CNR) Target Price at $111.67

Core Natural Resources, Inc. (NYSE:CNR) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $112.50.

Several research firms have recently commented on CNR. Weiss Ratings lowered shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group decreased their price target on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Adage Capital Partners GP L.L.C. acquired a new position in shares of Core Natural Resources during the fourth quarter worth about $86,297,000. Goehring & Rozencwajg Associates LLC raised its holdings in Core Natural Resources by 134.0% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company’s stock valued at $74,172,000 after acquiring an additional 405,505 shares in the last quarter. State Street Corp lifted its stake in Core Natural Resources by 10.2% in the second quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after acquiring an additional 294,312 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Core Natural Resources by 10,023.9% in the second quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock worth $20,624,000 after acquiring an additional 292,799 shares during the last quarter. Finally, Encompass Capital Advisors LLC lifted its stake in Core Natural Resources by 122.2% in the first quarter. Encompass Capital Advisors LLC now owns 500,000 shares of the energy company’s stock worth $52,365,000 after acquiring an additional 275,000 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Up 3.7%

NYSE:CNR opened at $87.40 on Thursday. The stock’s fifty day moving average is $85.56 and its two-hundred day moving average is $90.84. Core Natural Resources has a 52 week low of $68.78 and a 52 week high of $114.80. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -71.64 and a beta of 0.15.

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

Core Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Core Natural Resources’s dividend payout ratio (DPR) is presently -32.79%.

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.