Core Natural Resources (NYSE:CNR) Shares Down 5.4% - Time to Sell?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) shares fell 5.4% during trading on Wednesday . The company traded as low as $72.24 and last traded at $72.31. 582,123 shares were traded during mid-day trading, a decline of 49% from the average session volume of 1,141,106 shares. The stock had previously closed at $76.41.

Analyst Ratings Changes

CNR has been the topic of several recent analyst reports. StockNews.com initiated coverage on Core Natural Resources in a report on Thursday, January 30th. They set a "hold" rating on the stock. Piper Sandler upgraded Core Natural Resources from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. B. Riley lowered their target price on 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. Benchmark reaffirmed a "buy" rating and issued a $112.00 price target on shares of Core Natural Resources in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $165.00 to $150.00 in a research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.17.

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Core Natural Resources Price Performance

The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 7.73 and a beta of 1.65. The company's fifty day moving average is $103.91 and its 200 day moving average is $131.27. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

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

Core Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources's payout ratio is presently 4.16%.

Hedge Funds Weigh In On Core Natural Resources

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Core Natural Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock valued at $26,000 after acquiring an additional 143 shares during the period. EverSource Wealth Advisors LLC bought a new position in Core Natural Resources during the fourth quarter worth about $26,000. Fortitude Family Office LLC increased its position in Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock worth $28,000 after buying an additional 104 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after buying an additional 100 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after buying an additional 170 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.