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

Core Natural Resources, Inc. (NYSE:CNR) has earned a consensus recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $120.80.

Several brokerages recently weighed in on CNR. Benchmark dropped their target price on Core Natural Resources from $112.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 9th. B. Riley dropped their price objective on Core Natural Resources from $136.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Finally, UBS Group initiated coverage on shares of Core Natural Resources in a report on Wednesday. They set a “buy” rating and a $80.00 price target for the company.

Insider Activity

In related news, Director Holly K. Koeppel sold 8,815 shares of the firm’s stock in a transaction on 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 sale, the director now owns 13,348 shares of the company’s stock, valued at $1,005,104.40. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.41% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

Several institutional investors and hedge funds have recently modified their holdings of CNR. Versant Capital Management Inc purchased a new position in shares of Core Natural Resources during the first quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new stake in Core Natural Resources during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Core Natural Resources during the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC bought a new position in shares of Core Natural Resources in the 1st quarter worth approximately $30,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after purchasing an additional 100 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Down 0.7%

Shares of NYSE:CNR opened at $67.38 on Wednesday. The firm has a fifty day moving average of $71.15 and a 200 day moving average of $99.95. The firm has a market capitalization of $3.55 billion, a PE ratio of 7.01 and a beta of 0.69. Core Natural Resources has a 52-week low of $58.19 and a 52-week high of $134.59. 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 posted its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($3.12). Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $964.15 million. As a group, research analysts anticipate that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources’s dividend payout ratio is currently 8.26%.

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.