Core Natural Resources, Inc. (NYSE:CNR) Given Consensus Rating of “Moderate Buy” by Brokerages

Core Natural Resources, Inc. (NYSE:CNR) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $147.17.

CNR has been the topic of several research reports. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and cut their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com began coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating for the company. B. Riley dropped their price target on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday. Benchmark reaffirmed a “buy” rating and set a $112.00 target price on shares of Core Natural Resources in a report on Tuesday. Finally, Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th.

Core Natural Resources Stock Down 2.0 %

Shares of NYSE:CNR opened at $74.17 on Friday. Core Natural Resources has a 12 month low of $73.09 and a 12 month high of $134.59. The firm has a market cap of $2.18 billion, a P/E ratio of 7.72 and a beta of 1.74. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $123.12 and its two-hundred day moving average price is $136.57.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $595.29 million during the quarter, compared to analyst estimates of $493.50 million. As a group, research analysts forecast that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 0.54%. Core Natural Resources’s dividend payout ratio (DPR) is currently 4.16%.

Institutional Trading of Core Natural Resources

Several hedge funds have recently bought and sold shares of CNR. Creative Planning raised its holdings in Core Natural Resources by 94.9% during the 3rd quarter. Creative Planning now owns 5,287 shares of the energy company’s stock worth $730,000 after buying an additional 2,575 shares during the period. Blue Trust Inc. raised its holdings in shares of Core Natural Resources by 362.9% in the third quarter. Blue Trust Inc. now owns 2,245 shares of the energy company’s stock valued at $229,000 after purchasing an additional 1,760 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Core Natural Resources by 437.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company’s stock valued at $8,626,000 after purchasing an additional 50,819 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Core Natural Resources in the third quarter valued at approximately $10,032,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Core Natural Resources by 86.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,668 shares of the energy company’s stock valued at $593,000 after acquiring an additional 2,623 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.