Core Natural Resources (NYSE:CNR) Stock Price Down 3.5% – Should You Sell?

Core Natural Resources, Inc. (NYSE:CNR)’s share price dropped 3.5% on Tuesday. The stock traded as low as $86.89 and last traded at $86.7140. 86,765 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 722,178 shares. The stock had previously closed at $89.90.

Analysts Set New Price Targets

Several research firms have recently commented on CNR. Weiss Ratings raised shares of Core Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. UBS Group cut shares of Core Natural Resources from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $101.00 to $105.00 in a research note on Tuesday, August 18th. Finally, Zacks Research cut Core Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $105.00.

Core Natural Resources Stock Down 2.5%

The company has a 50-day moving average of $93.79 and a 200-day moving average of $89.33. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 44.17 and a beta of 0.25.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $1.91. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. On average, equities analysts predict that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Monday, August 31st were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is presently 20.10%.

Institutional Trading of Core Natural Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. Abel Hall LLC raised its holdings in Core Natural Resources by 11.3% during the third quarter. Abel Hall LLC now owns 3,832 shares of the energy company’s stock worth $329,000 after purchasing an additional 390 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Core Natural Resources by 27.6% in the third quarter. GAMMA Investing LLC now owns 2,332 shares of the energy company’s stock worth $200,000 after buying an additional 505 shares during the period. Farther Finance Advisors LLC lifted its holdings in Core Natural Resources by 95.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,789 shares of the energy company’s stock worth $154,000 after buying an additional 873 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Core Natural Resources by 46.3% during the third quarter. Confluence Investment Management LLC now owns 34,461 shares of the energy company’s stock worth $2,958,000 after purchasing an additional 10,906 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in Core Natural Resources by 1.5% during the second quarter. WINTON GROUP Ltd now owns 127,600 shares of the energy company’s stock worth $10,211,000 after acquiring an additional 1,839 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

About Core Natural Resources

Core Natural Resources, Inc is a diversified coal producer formed through the combination of Arch Resources and CONSOL Energy, completed in January 2025. The company mines and markets both metallurgical coal, which is used in steelmaking, and thermal coal, which is used primarily for electricity generation and industrial applications.

Core Natural Resources operates mining assets in the United States, including operations in the Appalachian region and the western United States. Its portfolio includes underground and surface mines, and the company also has coal logistics and export capabilities that support deliveries to domestic and international customers.

The company serves electric utilities, steel producers, industrial users and other customers in the United States and overseas.