Core Natural Resources (NYSE:CNR) Upgraded by Zacks Research to “Hold” Rating

Core Natural Resources (NYSE:CNR) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also weighed in on CNR. Weiss Ratings lowered shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Wall Street Zen downgraded shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, UBS Group boosted their price target on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Four 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.75.

Core Natural Resources Trading Up 3.7%

CNR opened at $88.52 on Monday. Core Natural Resources has a fifty-two week low of $63.36 and a fifty-two week high of $114.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of -29.41 and a beta of 0.25. The company’s 50 day moving average price is $94.98 and its two-hundred day moving average price is $90.48.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. During the same period in the previous year, the firm earned $1.04 earnings per share. The company’s revenue was up 81.8% compared to the same quarter last year. As a group, research analysts predict that Core Natural Resources will post 2.1 earnings per share for the current year.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, CAO John Rothka sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total transaction of $97,660.00. Following the sale, the chief accounting officer owned 5,190 shares of the company’s stock, valued at approximately $506,855.40. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Navarre sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, the director directly owned 18,034 shares in the company, valued at $1,653,717.80. This trade represents a 24.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 51,560 shares of company stock valued at $5,118,890. 2.49% of the stock is currently owned by insiders.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently bought and sold shares of CNR. Magnolia Group LLC lifted its position in shares of Core Natural Resources by 2.4% during the 3rd quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after acquiring an additional 17,500 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Core Natural Resources during the third quarter worth $4,369,000. Osaic Holdings Inc. raised its holdings in Core Natural Resources by 711.1% during the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock worth $1,996,000 after buying an additional 25,087 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Core Natural Resources by 2.2% during the third quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock worth $47,838,000 after buying an additional 12,515 shares during the last quarter. Finally, Old West Investment Management LLC acquired a new position in Core Natural Resources during the third quarter worth $8,724,000. 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.