Core Natural Resources (NYSE:CNR) Price Target Raised to $109.00

Core Natural Resources (NYSE:CNR) had its price objective raised by equities researchers at UBS Group from $105.00 to $109.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. UBS Group’s target price would indicate a potential upside of 9.05% from the stock’s previous close.

Several other equities research analysts have also issued reports on CNR. Wall Street Zen lowered shares of Core Natural Resources from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $112.25.

Core Natural Resources Trading Up 4.3%

Shares of NYSE CNR traded up $4.15 during trading hours on Thursday, hitting $99.95. 1,121,857 shares of the company traded hands, compared to its average volume of 816,577. The company’s 50 day moving average price is $92.20 and its 200 day moving average price is $85.88. Core Natural Resources has a 12 month low of $58.19 and a 12 month high of $103.50. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -33.21 and a beta of 0.34. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 earnings per share. On average, equities research analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the transaction, the director directly owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. This trade represents a 24.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO John Rothka sold 3,800 shares of Core Natural Resources stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00. Following the sale, the chief accounting officer directly owned 6,190 shares of the company’s stock, valued at $567,127.80. This represents a 38.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.41% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CNR. Royal Bank of Canada bought a new position in Core Natural Resources in the first quarter worth about $2,037,000. AQR Capital Management LLC purchased a new position in shares of Core Natural Resources in the 1st quarter worth approximately $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Core Natural Resources during the 1st quarter worth approximately $2,413,000. NewEdge Advisors LLC bought a new position in shares of Core Natural Resources during the 1st quarter worth approximately $1,223,000. Finally, United Services Automobile Association purchased a new stake in Core Natural Resources during the first quarter valued at approximately $256,000. 86.54% of the stock is owned by institutional investors.

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.