Core Natural Resources (NYSE:CNR) Reaches New 1-Year Low - Should You Sell?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $71.69 and last traded at $71.69, with a volume of 142198 shares trading hands. The stock had previously closed at $74.15.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CNR. Jefferies Financial Group raised Core Natural Resources from a "hold" rating to a "buy" rating and lowered their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler upgraded shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $165.00 to $150.00 in a 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, February 25th. B. Riley lowered their target price on Core Natural Resources from $140.00 to $136.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, StockNews.com began coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Core Natural Resources has a consensus rating of "Moderate Buy" and an average price target of $147.17.

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Core Natural Resources Trading Down 2.3 %

The business's 50-day moving average is $113.49 and its two-hundred day moving average is $133.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a market cap of $3.77 billion, a P/E ratio of 7.25 and a beta of 1.74.

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 for the quarter, beating the consensus estimate of $1.63 by $1.44. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The company had revenue of $595.29 million during the quarter, compared to analysts' expectations of $493.50 million. As a group, analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources's dividend payout ratio is currently 4.16%.

Institutional Trading of Core Natural Resources

Large investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in Core Natural Resources by 31.3% during the third quarter. Creative Planning now owns 5,208 shares of the energy company's stock worth $545,000 after purchasing an additional 1,242 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Core Natural Resources during the 3rd quarter worth about $3,619,000. Foster & Motley Inc. boosted its holdings in shares of Core Natural Resources by 6.9% during the 3rd quarter. Foster & Motley Inc. now owns 17,227 shares of the energy company's stock worth $1,803,000 after buying an additional 1,105 shares during the period. Spinnaker Trust acquired a new position in Core Natural Resources in the 3rd quarter valued at about $341,000. Finally, Financial Strategies Group Inc. raised its holdings in Core Natural Resources by 49.7% in the 3rd quarter. Financial Strategies Group Inc. now owns 2,734 shares of the energy company's stock valued at $399,000 after acquiring an additional 908 shares during the period. Institutional investors and hedge funds own 86.54% of the company's stock.

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.