Core Natural Resources (NYSE:CNR) Shares Up 3.8% - Time to Buy?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) traded up 3.8% on Tuesday . The stock traded as high as $78.28 and last traded at $77.60. 177,043 shares changed hands during trading, a decline of 84% from the average session volume of 1,107,774 shares. The stock had previously closed at $74.73.

Analysts Set New Price Targets

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

Remove Ads

Core Natural Resources Trading Down 1.9 %

The business's fifty day simple moving average is $91.57 and its two-hundred day simple moving average is $127.52. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 8.02 and a beta of 1.65.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced 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. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The firm had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. On average, equities analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, March 3rd. Core Natural Resources's payout ratio is currently 4.16%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CNR. Geode Capital Management LLC boosted its holdings in shares of Core Natural Resources by 4.4% in the third quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company's stock valued at $78,609,000 after acquiring an additional 31,310 shares during the period. Barclays PLC raised its position in 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 during the last quarter. FMR LLC boosted its stake in Core Natural Resources by 266.2% during the 3rd quarter. FMR LLC now owns 41,874 shares of the energy company's stock worth $4,382,000 after purchasing an additional 30,440 shares during the period. Maverick Capital Ltd. grew its position in Core Natural Resources by 55.8% during the 3rd quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company's stock worth $1,353,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Mork Capital Management LLC increased its stake in Core Natural Resources by 50.0% in the third quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company's stock valued at $2,072,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 86.54% of the company's stock.

About Core Natural Resources

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.