Core Natural Resources (CNR) Expected to Announce Earnings on Thursday

Core Natural Resources (NYSE:CNR) will likely be releasing its results before the market opens on Thursday, May 7th. Analysts expect Core Natural Resources to post earnings of $0.1250 per share and revenue of $1.0690 billion for the quarter.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $996.54 million. Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. On average, analysts expect Core Natural Resources to post $2 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Core Natural Resources Trading Down 1.4%

Shares of NYSE CNR traded down $1.28 during midday trading on Wednesday, hitting $87.11. The stock had a trading volume of 181,363 shares, compared to its average volume of 899,420. The company’s 50-day simple moving average is $94.78 and its 200 day simple moving average is $90.08. The firm has a market cap of $4.42 billion, a P/E ratio of -28.94 and a beta of 0.14. Core Natural Resources has a fifty-two week low of $63.36 and a fifty-two week high of $114.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15.

Core Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.10 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is currently -13.29%.

Insider Transactions at Core Natural Resources

In other news, CAO John Rothka sold 3,800 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total value of $348,156.00. Following the completion of the transaction, the chief accounting officer owned 6,190 shares of the company’s stock, valued at $567,127.80. The trade was a 38.04% decrease in their position. The sale 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 company’s stock in a transaction on 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 owned 100,000 shares of the company’s stock, valued at approximately $10,115,000. This represents 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 valued at $5,118,890 over the last three months. 2.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds have recently modified their holdings of CNR. Adage Capital Partners GP L.L.C. acquired a new position in shares of Core Natural Resources in the 4th quarter valued at approximately $86,297,000. State Street Corp raised its holdings in Core Natural Resources by 10.2% during the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after buying an additional 294,312 shares during the period. Balyasny Asset Management L.P. lifted its stake in Core Natural Resources by 10,023.9% in the second quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock valued at $20,624,000 after buying an additional 292,799 shares in the last quarter. Thomist Capital Management LP bought a new position in Core Natural Resources in the fourth quarter valued at approximately $20,739,000. Finally, First Trust Advisors LP boosted its holdings in shares of Core Natural Resources by 619.5% in the second quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock valued at $18,652,000 after buying an additional 230,275 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CNR. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, UBS Group increased their price objective on shares of Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Four 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

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.