Core Natural Resources, Inc. (NYSE:CNR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $140.20.

Several equities research analysts recently weighed in on the stock. Piper Sandler raised shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating for the company. Benchmark restated a "buy" rating and set a $112.00 price target on shares of Core Natural Resources in a report on Tuesday, February 25th. Jefferies Financial Group upgraded Core Natural Resources from a "hold" rating to a "buy" rating and decreased their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, B. Riley reduced their target price on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday.

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Insider Buying and Selling

In other news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the sale, the director now owns 13,348 shares in the company, valued at approximately $1,005,104.40. The trade was a 39.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in Core Natural Resources by 266.2% during the 3rd quarter. FMR LLC now owns 41,874 shares of the energy company's stock worth $4,382,000 after acquiring an additional 30,440 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Core Natural Resources by 36.8% during the third quarter. BNP Paribas Financial Markets now owns 6,660 shares of the energy company's stock worth $697,000 after purchasing an additional 1,792 shares during the period. HighTower Advisors LLC grew its position in Core Natural Resources by 98.5% in the 3rd quarter. HighTower Advisors LLC now owns 7,425 shares of the energy company's stock valued at $778,000 after buying an additional 3,684 shares during the last quarter. Janus Henderson Group PLC increased its stake in Core Natural Resources by 20.1% in the 3rd quarter. Janus Henderson Group PLC now owns 22,829 shares of the energy company's stock valued at $2,390,000 after buying an additional 3,819 shares during the period. Finally, Wellington Management Group LLP increased its stake in Core Natural Resources by 16.8% in the 3rd quarter. Wellington Management Group LLP now owns 59,560 shares of the energy company's stock valued at $6,233,000 after buying an additional 8,548 shares during the period. Hedge funds and other institutional investors own 86.54% of the company's stock.

Core Natural Resources Trading Up 1.4 %

NYSE:CNR traded up $1.05 during trading hours on Friday, reaching $73.89. 524,800 shares of the stock were exchanged, compared to its average volume of 1,119,113. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 7.69 and a beta of 1.42. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $134.59. The business has a 50-day moving average of $74.89 and a two-hundred day moving average of $122.21.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.44. The company had revenue of $595.29 million during 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%. On average, equities analysts predict that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, March 3rd. Core Natural Resources's payout ratio is 4.16%.

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.