Core Natural Resources (NYSE:CNR) Hits New 12-Month Low - What's Next?

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $75.09 and last traded at $75.39, with a volume of 576546 shares trading hands. The stock had previously closed at $78.60.

Analyst Ratings Changes

CNR has been the subject of several research reports. Piper Sandler upgraded shares of 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. Benchmark increased their price objective on shares of Core Natural Resources from $105.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, November 18th. StockNews.com assumed coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating for the company. Finally, Jefferies Financial Group upgraded shares of 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 report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $158.83.

Core Natural Resources Stock Down 5.2 %

The company's fifty day moving average price is $126.21 and its 200-day moving average price is $137.24. The stock has a market cap of $2.28 billion, a P/E ratio of 5.69 and a beta of 1.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, topping the consensus estimate of $1.63 by $1.44. The company had revenue of $595.29 million for the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a net margin of 18.02% and a return on equity of 28.96%. Equities analysts forecast that Core Natural Resources, Inc. will post 10.84 EPS for the current year.

Core Natural Resources Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its stake in Core Natural Resources by 1.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company's stock worth $1,243,000 after buying an additional 100 shares during the period. Smartleaf Asset Management LLC increased its position in Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after purchasing an additional 100 shares during the period. Fortitude Family Office LLC increased its position in Core Natural Resources by 63.8% during the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock valued at $28,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC increased its position in Core Natural Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock valued at $26,000 after purchasing an additional 143 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Core Natural Resources by 226.7% during the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 86.54% of the company's stock.

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.