Core Natural Resources (NYSE:CNR) Stock Rating Upgraded by Zacks Research

Core Natural Resources (NYSE:CNR) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded 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. UBS Group decreased their price target on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Core Natural Resources has an average rating of “Buy” and an average target price of $112.50.

Core Natural Resources Trading Up 1.1%

NYSE CNR opened at $94.76 on Tuesday. The company has a market capitalization of $4.70 billion, a PE ratio of 47.62 and a beta of 0.14. The company has a fifty day moving average of $84.84 and a 200 day moving average of $89.73. Core Natural Resources has a 1 year low of $68.78 and a 1 year high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. Research analysts forecast that Core Natural Resources will post 2.96 earnings per share for the current year.

Institutional Investors Weigh In On Core Natural Resources

A number of institutional investors have recently modified their holdings of the business. GeoSphere Capital Management LLC increased its stake in shares of Core Natural Resources by 41.7% during the fourth quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company’s stock worth $7,523,000 after purchasing an additional 25,000 shares in the last quarter. Hosking Partners LLP lifted its stake in Core Natural Resources by 211.5% in the 4th quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock valued at $6,168,000 after buying an additional 47,315 shares in the last quarter. Nwam LLC purchased a new position in Core Natural Resources in the 4th quarter valued at about $3,112,000. BW Gestao de Investimentos Ltda. acquired a new stake in Core Natural Resources in the 4th quarter worth about $9,070,000. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in Core Natural Resources by 6.1% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 302,720 shares of the energy company’s stock worth $26,794,000 after buying an additional 17,368 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.