Core Natural Resources, Inc. (NYSE:CNR) Plans $0.10 Quarterly Dividend

Core Natural Resources, Inc. (NYSE:CNR) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.10 per share by the energy company on Monday, March 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 3rd.

Core Natural Resources has a dividend payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Core Natural Resources to earn $11.40 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 8.8%.

Core Natural Resources Price Performance

Shares of CNR stock opened at $77.56 on Friday. The firm has a fifty day simple moving average of $126.21 and a 200-day simple moving average of $137.24. The company has a market capitalization of $2.28 billion, a PE ratio of 5.69 and a beta of 1.74. Core Natural Resources has a twelve month low of $74.74 and a twelve month high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a net margin of 18.02% and a return on equity of 28.96%. The company had revenue of $595.29 million during the quarter, compared to analysts’ expectations of $493.50 million. Equities research analysts anticipate that Core Natural Resources will post 10.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNR. StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They set a “hold” rating on the stock. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and dropped their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler raised shares of 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. Finally, Benchmark raised their price objective on shares of Core Natural Resources from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Core Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

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.