Core Natural Resources (NYSE:CNR) Hits New 12-Month Low on Analyst Downgrade

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) hit a new 52-week low on Tuesday after B. Riley lowered their price target on the stock from $140.00 to $136.00. B. Riley currently has a buy rating on the stock. Core Natural Resources traded as low as $74.45 and last traded at $75.78, with a volume of 1522201 shares. The stock had previously closed at $77.84.

Several other equities analysts also recently weighed in on the company. Piper Sandler raised Core Natural Resources from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com initiated coverage on Core Natural Resources in a research report on Thursday, January 30th. They set a "hold" rating for the company. Benchmark raised their price target on shares of Core Natural Resources from $105.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group upgraded shares of Core Natural Resources from a "hold" rating to a "buy" rating and lowered their price target for the stock from $165.00 to $150.00 in a 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $147.17.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CNR. Public Employees Retirement System of Ohio purchased a new stake in Core Natural Resources in the fourth quarter valued at approximately $706,000. Captrust Financial Advisors acquired a new stake in Core Natural Resources during the fourth quarter worth about $241,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Core Natural Resources in the 4th quarter worth about $345,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Core Natural Resources in the 4th quarter valued at about $28,790,000. Finally, Marshall Wace LLP purchased a new stake in shares of Core Natural Resources during the 4th quarter worth about $884,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Stock Performance

The stock's 50-day moving average is $118.81 and its 200-day moving average is $135.31. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. 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 (NYSE:CNR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $493.50 million. On average, analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources's dividend payout ratio (DPR) 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.