Core Natural Resources, Inc. (NYSE:CNR) Receives $112.50 Consensus PT from Analysts

Core Natural Resources, Inc. (NYSE:CNR) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $112.50.

A number of research firms have issued reports on CNR. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded Core Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, UBS Group decreased their target price on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th.

Core Natural Resources Stock Performance

NYSE:CNR opened at $95.90 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.83 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.76 billion, a P/E ratio of 48.19 and a beta of 0.14. Core Natural Resources has a fifty-two week low of $68.78 and a fifty-two week high of $114.80. The firm’s 50 day moving average is $84.78 and its two-hundred day moving average is $89.69.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. Analysts expect that Core Natural Resources will post 2.96 EPS for the current year.

Core Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, August 31st. Core Natural Resources’s payout ratio is 20.10%.

Institutional Investors Weigh In On Core Natural Resources

Several large investors have recently made changes to their positions in CNR. Royal Bank of Canada purchased a new position in Core Natural Resources in the 1st quarter valued at about $2,037,000. AQR Capital Management LLC purchased a new stake in shares of Core Natural Resources during the first quarter worth about $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Core Natural Resources during the first quarter worth about $2,413,000. NewEdge Advisors LLC acquired a new position in shares of Core Natural Resources in the first quarter worth about $1,223,000. Finally, United Services Automobile Association acquired a new position in shares of Core Natural Resources in the first quarter worth about $256,000. 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.