Core Natural Resources (NYSE:CNR) Stock Rating Upgraded by Zacks Research

Core Natural Resources (NYSE:CNR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Finally, UBS Group raised their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Core Natural Resources has an average rating of “Moderate Buy” and an average price target of $116.67.

Core Natural Resources Stock Performance

Shares of NYSE CNR opened at $82.28 on Wednesday. The company has a market cap of $4.15 billion, a PE ratio of -67.44 and a beta of 0.14. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $87.65 and a 200-day simple moving average of $91.48. Core Natural Resources has a 12-month low of $64.57 and a 12-month high of $114.80.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The business had revenue of $899.48 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business earned $3.39 earnings per share. The business’s quarterly revenue was up 94.7% on a year-over-year basis. On average, equities research analysts forecast that Core Natural Resources will post 2.45 EPS for the current year.

Institutional Trading of Core Natural Resources

Several large investors have recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. bought a new position in Core Natural Resources during the 4th quarter worth $86,297,000. Goehring & Rozencwajg Associates LLC grew its holdings in Core Natural Resources by 134.0% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company’s stock valued at $74,172,000 after purchasing an additional 405,505 shares during the period. State Street Corp lifted its stake in shares of Core Natural Resources by 10.2% during the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock valued at $221,044,000 after buying an additional 294,312 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Core Natural Resources by 10,023.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock worth $20,624,000 after acquiring an additional 292,799 shares during the last quarter. Finally, Encompass Capital Advisors LLC lifted its holdings in shares of Core Natural Resources by 122.2% during 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. 86.54% of the stock is owned by institutional investors and hedge funds.

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.