Core Natural Resources (NYSE:CNR) Upgraded by Zacks Research to Strong-Buy Rating

Core Natural Resources (NYSE:CNR) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the stock. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group lowered their target price on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $112.50.

Core Natural Resources Stock Up 1.1%

Shares of Core Natural Resources stock opened at $94.76 on Tuesday. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 47.62 and a beta of 0.14. The stock has a 50-day simple moving average of $84.84 and a 200-day simple moving average of $89.73. Core Natural Resources has a 52-week low of $68.78 and a 52-week high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $1.91. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. On average, equities research analysts expect that Core Natural Resources will post 2.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada bought a new position in shares of Core Natural Resources in the first quarter worth about $2,037,000. AQR Capital Management LLC bought a new position in Core Natural Resources in the 1st quarter worth approximately $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Core Natural Resources during the first quarter worth approximately $2,413,000. NewEdge Advisors LLC acquired a new position in shares of Core Natural Resources during the first quarter worth approximately $1,223,000. Finally, United Services Automobile Association bought a new stake in shares of Core Natural Resources in the first quarter valued at approximately $256,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

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