Core Natural Resources (NYSE:CNR) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Core Natural Resources (NYSE:CNR) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks reports.

Other analysts also recently issued reports about the company. Weiss Ratings downgraded Core Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. UBS Group lowered Core Natural Resources from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $101.00 to $105.00 in a research report on Tuesday, August 18th. Jefferies Financial Group reissued a “buy” rating and issued a $100.00 price objective on shares of Core Natural Resources in a research note on Thursday, November 5th. Finally, B. Riley Financial upped their target price on Core Natural Resources from $118.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.00.

Core Natural Resources Stock Up 1.2%

Core Natural Resources stock opened at $83.23 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.24 and a current ratio of 1.71. Core Natural Resources has a 52-week low of $73.31 and a 52-week high of $114.80. The firm has a 50 day moving average price of $90.20 and a two-hundred day moving average price of $90.33. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 53.36 and a beta of 0.24.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, November 5th. The energy company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.54). Core Natural Resources had a net margin of 1.76% and a negative return on equity of 0.59%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts predict that Core Natural Resources will post 2.72 EPS for the current year.

Core Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, November 30th. Core Natural Resources’s dividend payout ratio (DPR) is presently 25.64%.

Institutional Investors Weigh In On Core Natural Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goehring & Rozencwajg Associates LLC lifted its stake in shares of 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 buying an additional 405,505 shares in the last quarter. Encompass Capital Advisors LLC raised its holdings in shares of Core Natural Resources by 122.2% in the 1st 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. First Trust Advisors LP boosted its stake in Core Natural Resources by 2.8% during the 1st quarter. First Trust Advisors LP now owns 334,574 shares of the energy company’s stock valued at $35,040,000 after purchasing an additional 9,156 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Core Natural Resources during the 2nd quarter valued at about $26,071,000. Finally, Baird Financial Group Inc. increased its holdings in Core Natural Resources by 4.4% during the 2nd quarter. Baird Financial Group Inc. now owns 261,052 shares of the energy company’s stock worth $20,889,000 after purchasing an additional 10,911 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Company Profile

Core Natural Resources, Inc. is a U.S.-based coal producer formed in January 2025 through the merger of Arch Resources and CONSOL Energy. The company mines and sells metallurgical coal, used in steelmaking, and thermal coal, used primarily for electricity generation. Its operations span the Appalachian coalfields of Pennsylvania and West Virginia and the Powder River Basin in Wyoming. Core Natural Resources serves domestic customers and international markets, supplying steel producers and power generators.