Core Natural Resources, Inc. (NYSE:CNR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $147.17.

CNR has been the topic of several recent analyst reports. StockNews.com initiated coverage on Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating on the stock. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and lowered their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. B. Riley cut 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 report on Monday, February 24th. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, Benchmark reiterated a “buy” rating and issued a $112.00 target price on shares of Core Natural Resources in a research note on Tuesday, February 25th.

Institutional Investors Weigh In On Core Natural Resources

Several hedge funds and other institutional investors have recently made changes to their positions in CNR. Geode Capital Management LLC increased its position in Core Natural Resources by 4.4% in the third quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock worth $78,609,000 after purchasing an additional 31,310 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Core Natural Resources during the 3rd quarter worth approximately $1,488,000. Barclays PLC raised its stake in shares of Core Natural Resources by 143.8% during the third quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock worth $7,130,000 after buying an additional 30,437 shares during the last quarter. FMR LLC lifted its holdings in Core Natural Resources by 266.2% in the third quarter. FMR LLC now owns 41,874 shares of the energy company’s stock valued at $4,382,000 after buying an additional 30,440 shares during the period. Finally, Royce & Associates LP lifted its holdings in Core Natural Resources by 141.5% in the third quarter. Royce & Associates LP now owns 10,695 shares of the energy company’s stock valued at $1,119,000 after buying an additional 6,266 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Trading Down 2.6 %

Shares of CNR stock opened at $72.31 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The firm has a fifty day moving average of $102.57 and a 200-day moving average of $130.83. Core Natural Resources has a 52-week low of $66.54 and a 52-week high of $134.59. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 7.52 and a beta of 1.65.

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

Core Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, March 3rd. Core Natural Resources’s dividend payout ratio is 4.16%.

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.