Core Natural Resources (NYSE:CNR) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Core Natural Resources (NYSE:CNR) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other equities analysts have also recently commented on CNR. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Finally, Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.38.

Core Natural Resources Stock Performance

CNR opened at $87.94 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.48 billion, a price-to-earnings ratio of -29.21 and a beta of 0.34. The company’s 50 day moving average is $91.93 and its 200 day moving average is $84.46. Core Natural Resources has a 12-month low of $58.19 and a 12-month high of $103.50.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. On average, equities research analysts predict that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

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

Institutional Trading of Core Natural Resources

Several institutional investors have recently made changes to their positions in CNR. Triumph Capital Management bought a new position in Core Natural Resources in the 3rd quarter worth approximately $25,000. AdvisorNet Financial Inc lifted its holdings in shares of Core Natural Resources by 1,290.9% in the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after buying an additional 284 shares in the last quarter. CWM LLC boosted its position in shares of Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after acquiring an additional 106 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in Core Natural Resources during the third quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after acquiring an additional 191 shares during the last quarter. 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.