Core Natural Resources (NYSE:CNR) Given New $119.00 Price Target at B. Riley

Core Natural Resources (NYSE:CNR - Get Free Report) had its price objective cut by equities research analysts at B. Riley from $136.00 to $119.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the energy company's stock. B. Riley's price target suggests a potential upside of 62.95% from the company's current price.

Several other research firms have also weighed in on CNR. Jefferies Financial Group raised Core Natural Resources from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler raised Core Natural Resources from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com started coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They set a "hold" rating for the company. Finally, Benchmark reissued a "buy" rating and issued a $112.00 target price on shares of Core Natural Resources in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.20.

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Core Natural Resources Price Performance

NYSE:CNR traded down $0.62 during mid-day trading on Friday, reaching $73.03. 745,141 shares of the stock were exchanged, compared to its average volume of 1,127,603. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average price of $76.13 and a 200 day moving average price of $122.67. Core Natural Resources has a 1-year low of $58.19 and a 1-year high of $134.59. The firm has a market capitalization of $3.90 billion, a PE ratio of 7.60 and a beta of 1.42.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $1.44. The company had revenue of $595.29 million for the quarter, compared to analysts' expectations of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Research analysts expect that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Insider Transactions at Core Natural Resources

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the transaction, the director now owns 13,348 shares in the company, valued at approximately $1,005,104.40. This represents a 39.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its holdings in shares of Core Natural Resources by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company's stock worth $1,243,000 after acquiring an additional 100 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after buying an additional 100 shares during the last quarter. Fortitude Family Office LLC grew its stake in shares of Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock valued at $28,000 after buying an additional 104 shares in the last quarter. GAMMA Investing LLC increased its holdings in Core Natural Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock worth $26,000 after buying an additional 143 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after acquiring an additional 170 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

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.