Core Natural Resources (NYSE:CNR) Price Target Lowered to $136.00 at B. Riley

Core Natural Resources (NYSE:CNR) had its price objective dropped by equities researchers at B. Riley from $140.00 to $136.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. B. Riley’s price target indicates a potential upside of 79.97% from the company’s current price.

Other research analysts also recently issued reports about the company. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and decreased their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark raised their price target on Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th. StockNews.com assumed coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating on the stock. Finally, Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.50.

Core Natural Resources Stock Down 2.9 %

Shares of CNR traded down $2.27 during midday trading on Monday, hitting $75.57. The stock had a trading volume of 449,530 shares, compared to its average volume of 1,116,242. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 7.86 and a beta of 1.74. The company has a 50 day simple moving average of $124.67 and a two-hundred day simple moving average of $136.96. Core Natural Resources has a twelve month low of $74.45 and a twelve month high of $134.59.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.44. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The company had revenue of $595.29 million during the quarter, compared to analysts’ expectations of $493.50 million. On average, analysts anticipate that Core Natural Resources will post 11.4 EPS for the current year.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in Core Natural Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after acquiring an additional 404,249 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Core Natural Resources in the 4th quarter valued at $28,790,000. Victory Capital Management Inc. raised its holdings in Core Natural Resources by 578.7% during the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the energy company’s stock worth $27,746,000 after buying an additional 226,069 shares during the last quarter. Holocene Advisors LP increased its position in shares of Core Natural Resources by 422.4% during the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after acquiring an additional 202,425 shares in the last quarter. Finally, Trium Capital LLP acquired a new position in Core Natural Resources during the 4th quarter valued at about $21,109,000. 86.54% of the stock is currently owned by 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.