Core Natural Resources (NYSE:CNR) Reaches New 12-Month High – Still a Buy?

Shares of Core Natural Resources, Inc. (NYSE:CNR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $103.50 and last traded at $101.28, with a volume of 107059 shares traded. The stock had previously closed at $101.44.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $125.00 in a report on Friday, October 10th. UBS Group upped their price target on Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Finally, Benchmark restated a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $111.38.

Core Natural Resources Stock Up 0.1%

The firm has a market cap of $5.20 billion, a PE ratio of -236.04 and a beta of 0.33. The company has a current ratio of 1.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average price of $86.79 and a 200-day moving average price of $81.86.

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. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.05 billion. The business’s quarterly revenue was up 74.4% compared to the same quarter last year. Research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.40 annualized dividend and a yield of 0.4%. Core Natural Resources’s dividend payout ratio is currently -93.02%.

Institutional Investors Weigh In On Core Natural Resources

A number of institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC boosted its position in Core Natural Resources by 19.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 26,896 shares of the energy company’s stock worth $2,381,000 after purchasing an additional 4,422 shares in the last quarter. Hourglass Capital LLC grew its position in shares of Core Natural Resources by 7.1% in the fourth quarter. Hourglass Capital LLC now owns 125,195 shares of the energy company’s stock valued at $11,081,000 after purchasing an additional 8,280 shares during the period. Tactive Advisors LLC acquired a new position in shares of Core Natural Resources during the 4th quarter valued at about $361,000. Confluence Investment Management LLC boosted its holdings in shares of Core Natural Resources by 21.8% in the 4th quarter. Confluence Investment Management LLC now owns 20,979 shares of the energy company’s stock valued at $1,857,000 after purchasing an additional 3,754 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Core Natural Resources by 10.0% during the fourth quarter. GAMMA Investing LLC now owns 1,556 shares of the energy company’s stock valued at $138,000 after acquiring an additional 142 shares during the period. Hedge funds and other 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.