Core Natural Resources (NYSE:CNR) Trading Down 6.1% – Should You Sell?

Core Natural Resources, Inc. (NYSE:CNR)’s stock price dropped 6.1% on Tuesday . The company traded as low as $102.68 and last traded at $103.4160. Approximately 858,650 shares were traded during trading, a decline of 6% from the average daily volume of 916,431 shares. The stock had previously closed at $110.18.

Wall Street Analyst Weigh In

CNR has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. UBS Group lifted their price target on shares of Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Core Natural Resources Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of -33.66 and a beta of 0.25. The company’s 50 day moving average is $95.21 and its 200-day moving average is $89.23.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share 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 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%.Core Natural Resources’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. Equities research analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Core Natural Resources’s payout ratio is presently -13.29%.

Insider Activity at Core Natural Resources

In related news, CEO James A. Brock sold 40,760 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total value of $4,122,874.00. Following the sale, the chief executive officer owned 100,000 shares in the company, valued at approximately $10,115,000. This represents a 28.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard A. Navarre sold 6,000 shares of Core Natural Resources stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the transaction, the director directly owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. This trade represents a 24.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 51,560 shares of company stock worth $5,118,890. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Core Natural Resources

Hedge funds have recently modified their holdings of the stock. Triumph Capital Management acquired a new position in Core Natural Resources in the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc lifted its position in Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after acquiring an additional 284 shares during the last quarter. CWM LLC lifted its position in 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 bought a new stake in shares of Core Natural Resources during the third quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 acquiring an additional 191 shares during the period. Institutional investors and hedge funds 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.