Analysts Set Core Natural Resources, Inc. (NYSE:CNR) Price Target at $113.75

Core Natural Resources, Inc. (NYSE:CNR) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $113.75.

Several brokerages have weighed in on CNR. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Weiss Ratings downgraded Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. UBS Group boosted their target price on Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Finally, Wall Street Zen lowered Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th.

Core Natural Resources Price Performance

Shares of Core Natural Resources stock opened at $87.83 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. Core Natural Resources has a one year low of $63.36 and a one year high of $114.80. The business’s 50 day simple moving average is $94.79 and its two-hundred day simple moving average is $90.05. The stock has a market capitalization of $4.46 billion, a P/E ratio of -29.18 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data 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 net margin of 3.68% and a negative return on equity of 4.05%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. During the same period last year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. Analysts forecast that Core Natural Resources will post 1.7 EPS for the current year.

Core Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 2nd. Core Natural Resources’s payout ratio is presently -13.29%.

Insider Transactions at Core Natural Resources

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $91.62, for a total value of $348,156.00. Following the completion of the transaction, the chief accounting officer owned 6,190 shares in the company, valued at approximately $567,127.80. This represents a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James A. Brock sold 40,760 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the transaction, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at $10,115,000. This represents a 28.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 51,560 shares of company stock valued at $5,118,890. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada bought a new stake in Core Natural Resources during the first quarter worth about $2,037,000. AQR Capital Management LLC bought a new position in shares of Core Natural Resources during the first quarter valued at approximately $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Core Natural Resources during the first quarter valued at approximately $2,413,000. NewEdge Advisors LLC bought a new stake in shares of Core Natural Resources in the 1st quarter worth approximately $1,223,000. Finally, United Services Automobile Association purchased a new stake in shares of Core Natural Resources in the 1st quarter worth approximately $256,000. 86.54% of the stock is currently owned by institutional investors.

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.