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

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.10 per share by the energy company on Monday, March 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 3rd.

Core Natural Resources has a payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Core Natural Resources to earn $17.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.7%.

Core Natural Resources Price Performance

Shares of Core Natural Resources stock traded down $1.51 during trading on Tuesday, hitting $74.17. 1,174,166 shares of the stock traded hands, compared to its average volume of 1,148,269. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 7.72 and a beta of 1.74. Core Natural Resources has a 52 week low of $73.09 and a 52 week high of $134.59. The firm's fifty day moving average is $123.12 and its 200-day moving average is $136.57. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

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

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Analyst Ratings Changes

Several research firms recently weighed in on CNR. B. Riley cut their price target on Core Natural Resources from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday. StockNews.com started coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a "hold" rating for the company. Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and reduced their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark reaffirmed a "buy" rating and issued a $112.00 price objective on shares of Core Natural Resources in a research report on Tuesday. Finally, Piper Sandler raised Core Natural Resources from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Three 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, Core Natural Resources has a consensus rating of "Moderate Buy" and an average target price of $147.17.

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.