Core Natural Resources, Inc. (NYSE:CNR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Core Natural Resources, Inc. (NYSE:CNR) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $119.10.

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and upped their price target for the company from $90.00 to $125.00 in a report on Friday, October 10th. Finally, UBS Group increased their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday, October 8th.

Insiders Place Their Bets

In other Core Natural Resources news, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the transaction, the chief accounting officer owned 10,307 shares of the company’s stock, valued at approximately $979,165. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.41% of the company’s stock.

Institutional Trading of Core Natural Resources

A number of large investors have recently made changes to their positions in the stock. State Street Corp increased its position in 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 worth $221,044,000 after purchasing an additional 294,312 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Core Natural Resources by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock worth $86,318,000 after purchasing an additional 20,541 shares during the last quarter. Magnolia Group LLC grew its holdings in shares of Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock worth $61,107,000 after buying an additional 17,500 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Core Natural Resources by 27.1% during the third quarter. JPMorgan Chase & Co. now owns 652,379 shares of the energy company’s stock worth $54,461,000 after buying an additional 139,188 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Core Natural Resources by 48.9% in the second quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock valued at $40,807,000 after buying an additional 192,136 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Price Performance

Shares of NYSE:CNR opened at $88.26 on Friday. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of -205.25 and a beta of 0.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29. The business’s 50 day simple moving average is $83.19 and its 200-day simple moving average is $79.39. Core Natural Resources has a 12 month low of $58.19 and a 12 month high of $109.61.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($1.40) by $2.01. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The firm’s revenue was up 74.4% compared to the same quarter last year. As a group, equities analysts forecast that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, November 28th. Core Natural Resources’s dividend payout ratio is -93.02%.

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.