Core Natural Resources (NYSE:CNR) Issues Earnings Results, Beats Estimates By $1.91 EPS

Core Natural Resources (NYSE:CNR) issued its quarterly earnings data on Thursday. The energy company reported $2.51 EPS for the quarter, beating the consensus estimate of $0.60 by $1.91, FiscalAI reports. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion.

Core Natural Resources Trading Down 0.2%

Shares of CNR stock traded down $0.21 during trading hours on Friday, hitting $89.77. 608,314 shares of the company’s stock traded hands, compared to its average volume of 548,759. The stock’s 50 day simple moving average is $84.87 and its 200 day simple moving average is $89.90. The stock has a market cap of $4.53 billion, a PE ratio of 45.11 and a beta of 0.14. Core Natural Resources has a 12 month low of $68.78 and a 12 month high of $114.80. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 0.11.

Core Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is presently -32.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CNR shares. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. UBS Group lowered their target price 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, B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.50.

Institutional Trading of Core Natural Resources

Several institutional investors have recently modified their holdings of CNR. Triumph Capital Management bought a new position in Core Natural Resources during the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC grew its position in shares of Core Natural Resources by 84.9% in the 2nd 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 during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Core Natural Resources in the 4th quarter valued at about $38,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Core Natural Resources by 11,140.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the energy company’s stock valued at $50,000 after buying an additional 557 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Core Natural Resources by 666.7% in the third quarter. Parallel Advisors LLC now owns 690 shares of the energy company’s stock valued at $58,000 after buying an additional 600 shares during the period. Institutional investors own 86.54% of the company’s stock.

About Core Natural Resources

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.