Core Natural Resources (NYSE:CNR) Stock Price Up 4.7% – Here’s What Happened

Core Natural Resources, Inc. (NYSE:CNR) was up 4.7% during mid-day trading on Tuesday . The company traded as high as $90.77 and last traded at $91.1010. Approximately 332,691 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 738,773 shares. The stock had previously closed at $86.99.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CNR shares. Wall Street Zen downgraded Core Natural Resources from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 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 upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.38.

Core Natural Resources Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. The stock has a fifty day simple moving average of $92.03 and a two-hundred day simple moving average of $85.18. The firm has a market capitalization of $4.77 billion, a P/E ratio of -31.08 and a beta of 0.34.

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

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio is currently -13.29%.

Institutional Trading of Core Natural Resources

Several large investors have recently made changes to their positions in CNR. Triumph Capital Management acquired a new position in Core Natural Resources during the 3rd quarter worth approximately $25,000. AdvisorNet Financial Inc grew its stake in Core Natural Resources by 1,290.9% in the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after acquiring an additional 284 shares during the period. CWM LLC increased its holdings 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 valued at $30,000 after acquiring an additional 106 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Core Natural Resources during the third quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.