Core Natural Resources (NYSE:CNR) Hits New 52-Week Low - Time to Sell?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $64.00 and last traded at $64.00, with a volume of 1526 shares. The stock had previously closed at $67.70.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. B. Riley decreased their price target on Core Natural Resources from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group upgraded shares of Core Natural Resources from a "hold" rating to a "buy" rating and dropped their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler upgraded shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating for the company. Finally, Benchmark reiterated a "buy" rating and issued a $112.00 price objective on shares of Core Natural Resources in a research report on Tuesday, February 25th. 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.17.

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Core Natural Resources Stock Up 1.7 %

The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 7.32 and a beta of 1.42. The firm has a 50 day simple moving average of $81.28 and a two-hundred day simple moving average of $124.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

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 net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. As a group, sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. Core Natural Resources's dividend payout ratio (DPR) is presently 4.16%.

Insider Transactions at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares in the company, valued at approximately $1,005,104.40. This represents a 39.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.41% of the company's stock.

Institutional Investors Weigh In On Core Natural Resources

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Core Natural Resources by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company's stock worth $78,609,000 after acquiring an additional 31,310 shares during the period. Barclays PLC boosted its holdings in shares of Core Natural Resources by 143.8% in the 3rd quarter. Barclays PLC now owns 51,602 shares of the energy company's stock valued at $7,130,000 after purchasing an additional 30,437 shares in the last quarter. FMR LLC increased its stake in shares of Core Natural Resources by 266.2% in the 3rd quarter. FMR LLC now owns 41,874 shares of the energy company's stock valued at $4,382,000 after purchasing an additional 30,440 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Core Natural Resources by 40.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company's stock valued at $12,555,000 after purchasing an additional 25,306 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Core Natural Resources during the 3rd quarter worth $933,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.