Core Natural Resources, Inc. (CNR) To Go Ex-Dividend on August 31st

Core Natural Resources, Inc. (NYSE:CNR) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.10 per share by the energy company on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, August 31st.

Core Natural Resources has a payout ratio of 2.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Core Natural Resources to earn $5.33 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.5%.

Core Natural Resources Trading Up 7.3%

NYSE:CNR opened at $89.78 on Friday. The company’s 50 day moving average is $84.84 and its 200-day moving average is $89.90. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. Core Natural Resources has a 12 month low of $68.78 and a 12 month high of $114.80. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of -73.59 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $1.91. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. Equities analysts anticipate that Core Natural Resources will post 2.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CNR shares. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th. Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, UBS Group dropped their price target on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.50.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.