Core Natural Resources, Inc. (NYSE:CNR) Announces $0.10 Quarterly Dividend

Core Natural Resources, Inc. (NYSE:CNR) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 31st will be given a dividend of 0.10 per share by the energy company on Friday, September 18th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, August 31st.

Core Natural Resources has a dividend payout ratio of 2.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Core Natural Resources to earn $5.33 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.5%.

Core Natural Resources Stock Up 7.3%

Shares of Core Natural Resources stock opened at $89.78 on Friday. Core Natural Resources has a 1 year low of $68.78 and a 1 year high of $114.80. The company has a market cap of $4.53 billion, a P/E ratio of -73.59 and a beta of 0.14. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $84.84 and a 200 day moving average price of $89.90.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%. As a group, analysts expect that Core Natural Resources will post 2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CNR. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. UBS Group cut their price objective 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. Finally, Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Core Natural Resources currently has an average rating of “Moderate Buy” and an average price target of $112.50.

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.