Core Natural Resources (NYSE:CNR) Raised to Hold at Zacks Research

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

Several other research firms also recently weighed in on CNR. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. UBS Group increased their target price on Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 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. Four research 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, Core Natural Resources presently has an average rating of “Moderate Buy” and an average price target of $116.67.

Core Natural Resources Stock Performance

Shares of CNR stock opened at $82.28 on Wednesday. The company has a market capitalization of $4.15 billion, a P/E ratio of -67.44 and a beta of 0.14. The business’s 50 day moving average is $87.65 and its two-hundred day moving average is $91.48. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. Core Natural Resources has a 12-month low of $64.57 and a 12-month high of $114.80.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. The business had revenue of $899.48 million during the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The business’s revenue was up 94.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.39 earnings per share. Analysts expect that Core Natural Resources will post 2.45 EPS for the current fiscal year.

Institutional Trading of Core Natural Resources

Several institutional investors have recently made changes to their positions in CNR. GeoSphere Capital Management LLC increased its position in 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 valued at $7,523,000 after acquiring an additional 25,000 shares during the last quarter. Nwam LLC bought a new stake in shares of Core Natural Resources in the 4th quarter worth about $3,112,000. Hosking Partners LLP boosted its stake in shares of Core Natural Resources by 211.5% during the 4th quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock worth $6,168,000 after purchasing an additional 47,315 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Core Natural Resources by 2.2% during the 3rd quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock worth $47,838,000 after purchasing an additional 12,515 shares during the period. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in Core Natural Resources by 6.1% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 302,720 shares of the energy company’s stock valued at $26,794,000 after purchasing an additional 17,368 shares during the last quarter. 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.