Core Natural Resources, Inc. (NYSE:CNR) Receives Average Rating of “Hold” from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been given an average recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $111.3750.

A number of brokerages have recently issued reports on CNR. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. UBS Group increased their price objective on Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $90.00 to $125.00 in a report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th.

Core Natural Resources Stock Up 4.7%

CNR stock opened at $101.17 on Thursday. The stock has a market capitalization of $5.18 billion, a PE ratio of -235.27 and a beta of 0.33. The company has a fifty day moving average of $86.79 and a 200-day moving average of $81.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.29 and a current ratio of 1.82. Core Natural Resources has a one year low of $58.19 and a one year high of $102.93.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.01. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.05 billion. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The firm’s revenue for the quarter was up 74.4% on a year-over-year basis. As a group, analysts expect that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, November 28th. Core Natural Resources’s dividend payout ratio (DPR) is presently -93.02%.

Hedge Funds Weigh In On Core Natural Resources

Several hedge funds have recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in Core Natural Resources during the third quarter worth $25,000. AdvisorNet Financial Inc raised its stake in shares of Core Natural Resources by 1,290.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after buying an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after buying an additional 191 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Core Natural Resources in the 3rd quarter worth about $31,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Core Natural Resources in the 3rd quarter valued at about $43,000. 86.54% of the stock is owned by hedge funds and other 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.