Core Natural Resources (NYSE:CNR) Shares Down 6.1% – Time to Sell?

Shares of Core Natural Resources, Inc. (NYSE:CNR) traded down 6.1% on Tuesday . The company traded as low as $102.68 and last traded at $103.4160. 858,650 shares changed hands during trading, a decline of 6% from the average session volume of 916,431 shares. The stock had previously closed at $110.18.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CNR. UBS Group raised their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Core Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

Core Natural Resources Stock Performance

The firm’s 50 day moving average is $95.04 and its 200 day moving average is $88.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. The stock has a market cap of $5.22 billion, a P/E ratio of -34.46 and a beta of 0.34.

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

Core Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is presently -13.29%.

Insider Buying and Selling

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $91.62, for a total value of $348,156.00. Following the completion of the sale, the chief accounting officer directly owned 6,190 shares in the company, valued at approximately $567,127.80. This trade represents a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James A. Brock sold 40,760 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total value of $4,122,874.00. Following the sale, the chief executive officer owned 100,000 shares in the company, valued at $10,115,000. The trade was a 28.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,560 shares of company stock worth $5,118,890 in the last ninety days. 2.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Core Natural Resources

Large investors have recently made changes to their positions in the stock. Triumph Capital Management purchased a new stake in Core Natural Resources during the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc grew its stake in shares of Core Natural Resources by 1,290.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after purchasing an additional 284 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after buying an additional 191 shares in the last quarter. CWM LLC increased its stake in shares of Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Core Natural Resources during the third quarter worth approximately $31,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.