Core Natural Resources (CNR) to Post Quarterly Earnings on Thursday

Core Natural Resources (NYSE:CNR) is anticipated to post its results before the market opens on Thursday, August 6th. Analysts expect Core Natural Resources to post earnings of $0.5540 per share and revenue of $1.0973 billion for the quarter.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.13. The company had revenue of $899.48 million for the quarter, compared to analyst estimates of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.Core Natural Resources’s revenue for the quarter was up 94.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.39 EPS. On average, analysts expect Core Natural Resources to post $2 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Core Natural Resources Trading Up 1.0%

Shares of Core Natural Resources stock opened at $81.02 on Wednesday. The company’s fifty day moving average price is $85.05 and its two-hundred day moving average price is $90.05. The firm has a market capitalization of $4.08 billion, a PE ratio of -66.41 and a beta of 0.14. Core Natural Resources has a 52-week low of $68.78 and a 52-week high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently bought and sold shares of the business. PCG Wealth Advisors LLC bought a new stake in Core Natural Resources in the third quarter valued at about $403,000. BNP Paribas Financial Markets raised its holdings in Core Natural Resources by 49.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,625 shares of the energy company’s stock worth $392,000 after buying an additional 1,869 shares during the period. HighTower Advisors LLC lifted its position in Core Natural Resources by 9.8% in the 4th quarter. HighTower Advisors LLC now owns 3,605 shares of the energy company’s stock valued at $319,000 after acquiring an additional 322 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Core Natural Resources during the second quarter worth about $304,000. Finally, Cibc World Markets Corp bought a new position in shares of Core Natural Resources during the 4th quarter worth approximately $299,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group lowered their price objective on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 24th. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.50.

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.