Core Natural Resources’ (CNR) “Buy” Rating Reaffirmed at Benchmark

Benchmark restated their buy rating on shares of Core Natural Resources (NYSE:CNR) in a research note released on Tuesday,Benzinga reports. The firm currently has a $112.00 target price on the energy company’s stock.

CNR has been the subject of a number of other research reports. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. StockNews.com started coverage on Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, B. Riley reduced their price objective on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.17.

Core Natural Resources Trading Down 2.7 %

NYSE CNR opened at $73.22 on Tuesday. The stock has a market cap of $2.15 billion, a P/E ratio of 7.62 and a beta of 1.74. The company’s fifty day simple moving average is $118.81 and its 200-day simple moving average is $135.31. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. Core Natural Resources has a 52 week low of $72.97 and a 52 week high of $134.59.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $1.44. The firm had revenue of $595.29 million for the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Equities research analysts predict that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s dividend payout ratio is currently 4.16%.

Hedge Funds Weigh In On Core Natural Resources

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after purchasing an additional 143 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Core Natural Resources during the 4th quarter valued at about $26,000. Fortitude Family Office LLC raised its stake in Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after acquiring an additional 104 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Core Natural Resources by 82.0% in 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 last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Core Natural Resources by 226.7% in 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 last quarter. Institutional investors and hedge funds 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.