B. Riley Issues Pessimistic Forecast for Core Natural Resources (NYSE:CNR) Stock Price

Core Natural Resources (NYSE:CNR) had its price target lowered by B. Riley from $136.00 to $119.00 in a research note released on Friday,Benzinga reports. The firm currently has a buy rating on the energy company’s stock.

Several other research analysts have also issued reports on CNR. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and cut their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark reiterated a “buy” rating and set a $112.00 price objective on shares of Core Natural Resources in a research report on Tuesday, February 25th. StockNews.com assumed coverage on Core Natural Resources in a research report on Thursday, January 30th. They issued a “hold” rating for the company. Finally, Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.20.

Core Natural Resources Stock Up 8.9 %

CNR stock opened at $73.71 on Friday. The firm has a market capitalization of $3.94 billion, a PE ratio of 7.67 and a beta of 1.42. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $134.59. The stock has a 50-day simple moving average of $76.13 and a two-hundred day simple moving average of $122.67. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR) last announced its 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 for the quarter, compared to the consensus estimate of $493.50 million. On average, equities analysts predict that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. Core Natural Resources’s dividend payout ratio is currently 4.16%.

Insider Activity at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the transaction, the director now owns 13,348 shares in the company, valued at approximately $1,005,104.40. This trade represents a 39.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Core Natural Resources

Several institutional investors have recently added to or reduced their stakes in the company. Aquamarine Zurich AG purchased a new position in shares of Core Natural Resources in the first quarter valued at about $625,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Core Natural Resources in the first quarter worth about $749,000. Whipplewood Advisors LLC purchased a new position in Core Natural Resources during the 1st quarter valued at about $31,000. Rhumbline Advisers bought a new position in Core Natural Resources during the 1st quarter valued at approximately $9,261,000. Finally, GAMMA Investing LLC purchased a new stake in Core Natural Resources in the 1st quarter worth approximately $7,472,000. 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.