Core Natural Resources (NYSE:CNR) Shares Cross 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 $89.28 and traded as low as $76.50. Core Natural Resources shares last traded at $77.91, with a volume of 850,558 shares changing hands.

Analysts Set New Price Targets

CNR has been the subject of several analyst reports. Benchmark reissued a "buy" rating and issued a $112.00 price objective on shares of Core Natural Resources in a research note on Tuesday, February 25th. Jefferies Financial Group upgraded Core Natural Resources from a "hold" rating to a "buy" rating and dropped their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Piper Sandler upgraded Core Natural Resources from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. B. Riley lowered their target price on shares of Core Natural Resources from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, StockNews.com initiated coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a "hold" rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Core Natural Resources has an average rating of "Moderate Buy" and a consensus target price of $147.17.

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Core Natural Resources Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a fifty day moving average of $88.08 and a two-hundred day moving average of $126.55. The stock has a market capitalization of $3.61 billion, a P/E ratio of 7.03 and a beta of 1.65.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.44. The business had revenue of $595.29 million for the quarter, compared to analysts' expectations of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. On average, 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. Shareholders of record on Monday, March 3rd were issued 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 0.59%. Core Natural Resources's dividend payout ratio is presently 4.16%.

Insider Transactions at Core Natural Resources

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources 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 transaction, the director now directly owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. The trade was a 39.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.02% of the company's stock.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently made changes to their positions in CNR. FMR LLC increased its position in Core Natural Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company's stock valued at $90,862,000 after buying an additional 404,249 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of Core Natural Resources in the 4th quarter valued at approximately $28,790,000. Trium Capital LLP acquired a new stake in Core Natural Resources in the 4th quarter worth approximately $21,109,000. Point72 Asset Management L.P. purchased a new stake in Core Natural Resources during the 3rd quarter worth approximately $9,828,000. Finally, Barclays PLC increased its stake in Core Natural Resources by 158.2% during the 3rd quarter. Barclays PLC now owns 60,521 shares of the energy company's stock valued at $6,332,000 after purchasing an additional 37,080 shares in the last quarter. Institutional investors and hedge funds 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.