Core Natural Resources, Inc. Plans Quarterly Dividend of $0.10 (NYSE:CNR)

Core Natural Resources, Inc. (NYSE:CNR) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.10 per share by the energy company on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, March 2nd.

Core Natural Resources has a dividend payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Core Natural Resources to earn $17.60 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 2.3%.

Core Natural Resources Stock Down 2.8%

NYSE CNR traded down $2.63 during trading on Thursday, reaching $90.05. 879,430 shares of the company’s stock were exchanged, compared to its average volume of 735,677. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $103.50. The stock has a market cap of $4.61 billion, a P/E ratio of -209.40 and a beta of 0.34. 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 company has a 50 day moving average price of $91.28 and a two-hundred day moving average price of $83.82.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($1.19). The business had revenue of $1.04 billion for the quarter. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The business’s quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. On average, equities research analysts anticipate that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CNR shares. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Finally, Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $111.38.

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.