Core Natural Resources, Inc. (NYSE:CNR) Receives $113.75 Average Price Target from Analysts

Core Natural Resources, Inc. (NYSE:CNRGet Free Report) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $116.6667.

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group lifted their price target on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday.

Check Out Our Latest Analysis on CNR

Core Natural Resources Stock Performance

Core Natural Resources stock opened at $84.96 on Friday. The company’s 50-day moving average price is $94.78 and its 200-day moving average price is $90.04. Core Natural Resources has a twelve month low of $63.36 and a twelve month high of $114.80. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.31 billion, a PE ratio of -69.64 and a beta of 0.14.

Core Natural Resources (NYSE:CNRGet Free Report) last posted its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The firm had revenue of $899.48 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $3.39 EPS. The business’s quarterly revenue was up 94.7% on a year-over-year basis. On average, equities research analysts forecast that Core Natural Resources will post 1.7 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is currently -13.29%.

Key Headlines Impacting Core Natural Resources

Here are the key news stories impacting Core Natural Resources this week:

Insider Buying and Selling

In other Core Natural Resources news, Director Richard A. Navarre sold 6,000 shares of the business’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 completion of the sale, the director directly owned 18,034 shares of the company’s stock, valued at $1,653,717.80. The trade was a 24.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James A. Brock sold 40,760 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the completion of the sale, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $10,115,000. This trade represents a 28.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 51,560 shares of company stock valued at $5,118,890. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

Several large investors have recently added to or reduced their stakes in CNR. Royal Bank of Canada purchased a new stake in Core Natural Resources in the 1st quarter valued at about $2,037,000. AQR Capital Management LLC purchased a new stake in Core Natural Resources in the 1st quarter valued at about $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Core Natural Resources in the 1st quarter valued at about $2,413,000. NewEdge Advisors LLC purchased a new stake in Core Natural Resources in the 1st quarter valued at about $1,223,000. Finally, United Services Automobile Association purchased a new stake in Core Natural Resources in the 1st quarter valued at about $256,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Core Natural Resources (NYSE:CNR)

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