Core Natural Resources (NYSE:CNR) Stock Rating Upgraded by Wall Street Zen

Core Natural Resources (NYSE:CNR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts have also recently commented on the company. UBS Group boosted their target price on Core Natural Resources from $105.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Finally, Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.25.

Core Natural Resources Stock Performance

NYSE CNR opened at $106.95 on Friday. The company’s 50 day simple moving average is $93.63 and its two-hundred day simple moving average is $87.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $113.57. The stock has a market capitalization of $5.43 billion, a PE ratio of -35.53 and a beta of 0.34.

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

Insider Buying and Selling at Core Natural Resources

In other news, CEO James A. Brock sold 40,760 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the transaction, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $10,115,000. This represents a 28.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total value of $550,200.00. Following the transaction, the director directly owned 18,034 shares in the company, valued at approximately $1,653,717.80. This represents a 24.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,560 shares of company stock worth $5,118,890 over the last 90 days. Corporate insiders own 1.41% of the company’s stock.

Institutional Trading of Core Natural Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Core Natural Resources by 27.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock valued at $35,790,000 after purchasing an additional 111,331 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Core Natural Resources in the 3rd quarter worth $4,369,000. Magnolia Group LLC lifted its stake in Core Natural Resources by 2.4% in the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock worth $61,107,000 after purchasing an additional 17,500 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Core Natural Resources by 711.1% in the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock worth $1,996,000 after purchasing an additional 25,087 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Core Natural Resources by 1.7% during the second quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after buying an additional 20,541 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.