Core Natural Resources, Inc. (NYSE:CNR) Given Average Recommendation of “Buy” by Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR) have earned a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $112.50.

Several equities research analysts have commented on CNR shares. Zacks Research upgraded Core Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. UBS Group reduced 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, Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.

Core Natural Resources Price Performance

Shares of NYSE CNR opened at $95.90 on Monday. Core Natural Resources has a 52 week low of $68.78 and a 52 week high of $114.80. The business’s 50 day moving average price is $84.78 and its 200 day moving average price is $89.74. The company has a quick ratio of 1.32, a current ratio of 1.83 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.76 billion, a P/E ratio of 48.19 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, beating the consensus estimate of $0.60 by $1.91. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. On average, sell-side analysts expect that Core Natural Resources will post 2.96 earnings per share for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be given a dividend of $0.10 per share. The ex-dividend date is Monday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio is currently 20.10%.

Institutional Trading of Core Natural Resources

A number of institutional investors and hedge funds have recently modified their holdings of CNR. CWM LLC lifted its position in shares of Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after acquiring an additional 106 shares in the last quarter. Maryland State Retirement & Pension System grew its position in shares of Core Natural Resources by 1.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock valued at $666,000 after purchasing an additional 126 shares in the last quarter. First Horizon Corp increased its stake in shares of Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after acquiring an additional 165 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Core Natural Resources by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,827 shares of the energy company’s stock valued at $146,000 after acquiring an additional 178 shares during the last quarter. Finally, Abel Hall LLC grew its holdings in shares of Core Natural Resources by 6.3% in the first quarter. Abel Hall LLC now owns 3,222 shares of the energy company’s stock valued at $337,000 after purchasing an additional 191 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.