UBS Group Lowers Core Natural Resources (NYSE:CNR) Price Target to $78.00

Core Natural Resources (NYSE:CNR) had its target price cut by UBS Group from $80.00 to $78.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the energy company’s stock.

CNR has been the topic of a number of other research reports. Benchmark cut their target price on shares of Core Natural Resources from $112.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. B. Riley cut their target price on shares of Core Natural Resources from $136.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Core Natural Resources presently has a consensus rating of “Moderate Buy” and an average target price of $120.40.

Core Natural Resources Stock Performance

Shares of CNR stock opened at $72.78 on Thursday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 15.04 and a beta of 0.68. The company’s fifty day moving average price is $70.91 and its two-hundred day moving average price is $89.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34. Core Natural Resources has a 12 month low of $58.19 and a 12 month high of $134.59.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($3.12). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. On average, research analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 0.57%. Core Natural Resources’s dividend payout ratio (DPR) is 8.26%.

Institutional Investors Weigh In On Core Natural Resources

Several institutional investors and hedge funds have recently bought and sold shares of CNR. Smartleaf Asset Management LLC raised its stake in Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp raised its stake in Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock worth $35,000 after acquiring an additional 170 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in Core Natural Resources during the fourth quarter worth about $26,000. Great Lakes Advisors LLC acquired a new stake in Core Natural Resources during the fourth quarter worth about $1,684,000. Finally, Advisory Services Network LLC acquired a new stake in Core Natural Resources during the fourth quarter worth about $756,000. Institutional investors and hedge funds 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.