Core Natural Resources (NYSE:CNR) Hits New 1-Year High – Still a Buy?

Shares of Core Natural Resources, Inc. (NYSE:CNR) reached a new 52-week high on Thursday . The company traded as high as $103.50 and last traded at $101.28, with a volume of 107059 shares traded. The stock had previously closed at $101.44.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. UBS Group lifted their price objective on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Finally, Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Core Natural Resources currently has an average rating of “Hold” and an average target price of $111.38.

Core Natural Resources Trading Down 1.8%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.29 and a current ratio of 1.82. The business’s 50-day moving average price is $87.48 and its 200 day moving average price is $82.18. The company has a market cap of $5.07 billion, a P/E ratio of -230.19 and a beta of 0.33.

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

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s payout ratio is presently -93.02%.

Hedge Funds Weigh In On Core Natural Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. Magnolia Group LLC grew its position in Core Natural Resources by 140.6% during the second quarter. Magnolia Group LLC now owns 714,500 shares of the energy company’s stock worth $49,829,000 after buying an additional 417,500 shares in the last quarter. State Street Corp grew its holdings 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 worth $221,044,000 after purchasing an additional 294,312 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Core Natural Resources by 10,023.9% in the second quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock valued at $20,624,000 after purchasing an additional 292,799 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Core Natural Resources during the fourth quarter worth about $22,741,000. Finally, First Trust Advisors LP increased its holdings in Core Natural Resources by 619.5% in the 2nd quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock valued at $18,652,000 after buying an additional 230,275 shares during the period. 86.54% of the stock is currently 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.