Core Natural Resources, Inc. (NYSE:CNR) Receives Average Recommendation of “Moderate Buy” from Analysts

Core Natural Resources, Inc. (NYSE:CNR) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $115.00.

CNR has been the subject of several recent analyst reports. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. UBS Group cut shares of Core Natural Resources from a “buy” rating to a “neutral” rating and boosted their target price for the company from $101.00 to $105.00 in a research report on Tuesday, August 18th. Finally, Zacks Research raised shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th.

Core Natural Resources Stock Down 5.3%

Shares of CNR opened at $97.24 on Friday. The stock has a market capitalization of $4.83 billion, a PE ratio of 48.86 and a beta of 0.17. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $87.87 and its 200-day moving average is $90.22. Core Natural Resources has a 12 month low of $70.36 and a 12 month high of $114.80.

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 analysts’ consensus estimates of $0.60 by $1.91. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%.The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Equities research analysts forecast that Core Natural Resources will post 2.96 EPS for the current year.

Core Natural Resources Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, August 31st. Core Natural Resources’s payout ratio is currently 20.10%.

Institutional Investors Weigh In On Core Natural Resources

Large investors have recently modified their holdings of the business. Royal Bank of Canada bought a new position in shares of Core Natural Resources in the 1st quarter valued at $2,037,000. AQR Capital Management LLC bought a new stake in shares of Core Natural Resources during the 1st quarter worth $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Core Natural Resources during the 1st quarter worth $2,413,000. NewEdge Advisors LLC acquired a new stake in Core Natural Resources in the first quarter valued at about $1,223,000. Finally, United Services Automobile Association acquired a new stake in Core Natural Resources in the first quarter valued at 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.