Core Natural Resources (NYSE:CNR) Issues Earnings Results, Beats Estimates By $1.44 EPS

Core Natural Resources (NYSE:CNR - Get Free Report) posted its earnings results on Thursday. The energy company reported $3.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $1.44, Zacks reports. Core Natural Resources had a return on equity of 28.96% and a net margin of 18.02%. The firm had revenue of $595.29 million for the quarter, compared to the consensus estimate of $493.50 million.

Core Natural Resources Stock Down 5.2 %

Shares of NYSE:CNR traded down $4.23 on Friday, hitting $77.56. 1,203,822 shares of the company traded hands, compared to its average volume of 1,136,510. The company has a market cap of $2.28 billion, a PE ratio of 5.69 and a beta of 1.74. The stock has a 50 day simple moving average of $126.21 and a 200-day simple moving average of $137.24. Core Natural Resources has a 52 week low of $74.74 and a 52 week high of $134.59. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Core Natural Resources's dividend payout ratio is currently 7.34%.

Wall Street Analyst Weigh In

CNR has been the topic of several research reports. Benchmark lifted their price target 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 upgraded shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th. StockNews.com initiated coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They issued a "hold" rating on the stock. Finally, Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and lowered their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $158.83.

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.