Analysts Set Core Natural Resources, Inc. (NYSE:CNR) Target Price at $115.00

Core Natural Resources, Inc. (NYSE:CNR) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $115.00.

A number of analysts have recently commented on CNR shares. Zacks Research upgraded shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, UBS Group cut shares of Core Natural Resources from a “buy” rating to a “neutral” rating and lifted their price target for the company from $101.00 to $105.00 in a research report on Tuesday, August 18th.

Institutional Trading of Core Natural Resources

A number of hedge funds have recently made changes to their positions in CNR. WINTON GROUP Ltd increased its position in Core Natural Resources by 1.5% during the 2nd quarter. WINTON GROUP Ltd now owns 127,600 shares of the energy company’s stock valued at $10,211,000 after buying an additional 1,839 shares in the last quarter. Engineers Gate Manager LP raised its stake in Core Natural Resources by 151.7% during the second quarter. Engineers Gate Manager LP now owns 7,593 shares of the energy company’s stock valued at $608,000 after buying an additional 4,576 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Core Natural Resources by 8.8% in the second quarter. NewEdge Advisors LLC now owns 35,399 shares of the energy company’s stock worth $2,833,000 after acquiring an additional 2,876 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Core Natural Resources by 42.3% in the second quarter. Squarepoint Ops LLC now owns 135,181 shares of the energy company’s stock worth $10,817,000 after acquiring an additional 40,174 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Core Natural Resources by 4.4% in the second quarter. Baird Financial Group Inc. now owns 261,052 shares of the energy company’s stock worth $20,889,000 after acquiring an additional 10,911 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Down 0.7%

Shares of NYSE:CNR opened at $98.72 on Friday. Core Natural Resources has a 52-week low of $71.89 and a 52-week high of $114.80. The firm has a market capitalization of $4.90 billion, a P/E ratio of 49.61 and a beta of 0.17. The stock has a 50 day moving average price of $89.85 and a 200-day moving average price of $90.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. As a group, equities research analysts anticipate that Core Natural Resources will post 2.96 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is currently 20.10%.

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.