Core Natural Resources, Inc. (NYSE:CNR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $158.83.

Several equities analysts recently issued reports on CNR shares. Jefferies Financial Group raised Core Natural Resources from a "hold" rating to a "buy" rating and lowered their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark upped their price objective on Core Natural Resources from $105.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Piper Sandler raised Core Natural Resources from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, StockNews.com assumed coverage on Core Natural Resources in a research report on Thursday, January 30th. They issued a "hold" rating on the stock.

Hedge Funds Weigh In On Core Natural Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Core Natural Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock worth $26,000 after purchasing an additional 143 shares during the period. EverSource Wealth Advisors LLC bought a new position in Core Natural Resources in the 4th quarter worth $26,000. Fortitude Family Office LLC raised its holdings in Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock worth $28,000 after purchasing an additional 104 shares during the period. Smartleaf Asset Management LLC raised its holdings in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after purchasing an additional 100 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Core Natural Resources by 226.7% in the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock worth $35,000 after purchasing an additional 170 shares during the period. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Down 5.2 %

Shares of Core Natural Resources stock traded down $4.23 during midday trading on Friday, hitting $77.56. The company had a trading volume of 1,203,822 shares, compared to its average volume of 845,739. The stock has a market capitalization of $2.28 billion, a P/E ratio of 8.07 and a beta of 1.74. Core Natural Resources has a 52-week low of $74.74 and a 52-week high of $134.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The company has a 50 day moving average of $126.21 and a 200 day moving average of $137.24.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.44. The business had revenue of $595.29 million for the quarter, compared to analysts' expectations 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 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. Core Natural Resources's payout ratio is 10.41%.

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.