Core Natural Resources (NYSE:CNR) Share Price Crosses Below 50-Day Moving Average - What's Next?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $73.60 and traded as low as $71.34. Core Natural Resources shares last traded at $74.16, with a volume of 446,789 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNR shares. Jefferies Financial Group upgraded Core Natural Resources from a "hold" rating to a "buy" 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 initiated coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating on the stock. Benchmark reaffirmed a "buy" rating and set a $112.00 price objective on shares of Core Natural Resources in a research note on Tuesday, February 25th. Piper Sandler raised shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and cut their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. Finally, B. Riley reduced their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Core Natural Resources has a consensus rating of "Moderate Buy" and an average target price of $132.75.

Core Natural Resources Trading Up 1.6 %

The stock's 50 day simple moving average is $73.60 and its 200 day simple moving average is $119.72. The firm has a market cap of $3.96 billion, a PE ratio of 7.72 and a beta of 1.42. 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 released its earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, beating 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 business had revenue of $595.29 million for the quarter, compared to analysts' expectations of $493.50 million. On average, sell-side analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. Core Natural Resources's payout ratio is 4.16%.

Insider Buying and Selling 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 shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. This represents a 39.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.41% of the company's stock.

Institutional Trading of Core Natural Resources

Several hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD bought a new stake in shares of Core Natural Resources in the 4th quarter valued at about $28,790,000. Trium Capital LLP bought a new stake in Core Natural Resources in the fourth quarter valued at approximately $21,109,000. Rhumbline Advisers bought a new stake in Core Natural Resources in the first quarter valued at approximately $9,261,000. GAMMA Investing LLC purchased a new stake in shares of Core Natural Resources during the first quarter valued at approximately $7,472,000. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Core Natural Resources in the first quarter worth $3,037,000. 86.54% of the stock is owned by institutional investors.

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.

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