Core Natural Resources (NYSE:CNR) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Core Natural Resources (NYSE:CNR) from a hold rating to a sell rating in a report published on Saturday.

Other research analysts have also recently issued research reports about the company. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Benchmark restated a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.38.

Core Natural Resources Price Performance

CNR opened at $86.89 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.43 billion, a price-to-earnings ratio of -28.87 and a beta of 0.34. The stock has a fifty day simple moving average of $91.96 and a two-hundred day simple moving average of $84.61. Core Natural Resources has a 12-month low of $58.19 and a 12-month high of $103.50.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company’s revenue was up 81.8% on a year-over-year basis. During the same period last year, the business earned $1.04 earnings per share. Research analysts predict that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is presently -13.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CNR. Triumph Capital Management purchased a new stake in shares of Core Natural Resources during the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc grew its position in Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after buying an additional 284 shares during the period. EverSource Wealth Advisors LLC grew its position in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after buying an additional 191 shares during the period. CWM LLC increased 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 valued at $30,000 after buying an additional 106 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in Core Natural Resources in the third quarter worth approximately $31,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.