Core Natural Resources, Inc. (NYSE:CNR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $112.50.

Several brokerages recently commented on CNR. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. UBS Group decreased their price target on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th.

Institutional Trading of Core Natural Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Triumph Capital Management acquired a new position in shares of Core Natural Resources in the third quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its holdings in Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares during the last quarter. CWM LLC grew its stake in Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. First Horizon Corp grew its stake in Core Natural Resources by 97.6% during the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after purchasing an additional 165 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Core Natural Resources during the 4th quarter valued at approximately $38,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Up 0.2%

Shares of NYSE CNR opened at $89.77 on Monday. The stock has a fifty day moving average price of $84.87 and a 200 day moving average price of $89.85. The company has a current ratio of 1.83, a quick ratio of 1.32 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 company has a market cap of $4.46 billion, a P/E ratio of 45.11 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $1.91. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%.The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Research analysts anticipate that Core Natural Resources will post 2.45 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.40 annualized dividend and a yield of 0.4%. Core Natural Resources’s payout ratio is -32.79%.

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.